Reported by: banking|Updated: October 23, 2017
State Bank of India has launched its second edition of its Hackathon – Digitize For Bank (#D4B2017). Mrutyunjay Mahapatra, DMD and CIO of the bank, launched the program. Digitize for Bank (#D4B2017) presented by SBI Collaborative Innovation Centre (CIC) is a curated Digital Hackathon on 4 use cases across ‘Cognitive’ theme. They are: Facial Recognition, Signature Recognition, Voice based Authentication and Cheque Truncation Value Enhancers. Sudin Baraokar, head, Innovation, at the bank, said D4B2017 will leverage digital technologies to automate processes, identify patterns, improve efficiency and help the bank in fraud detection, spotting outliers, reduce validation errors and help simplify and ease customer experience. In the phase 1, participants can register their idea, followed by Hackathon which will start from 1 November 2017 and ends on 12 November. The finalists will be called for final interview and can showcase their products. The winners will be announced on 30 November 2017 and the winning teams will get an opportunity for incubation and acceleration with SBI.