SOUTH INDIAN BANK ANNOUNCES SHORTLISTED TEAMS FOR GRAND FINALE OF ITS PREMIER HACKATHON COMPETITION

NEW DELHI and MUMBAI, India, Nov. 3, 2023 /PRNewswire/ -- South Indian Bank (SIB), in collaboration with Enactus - Indian Institute of Technology (IIT), Delhi, is proud to unveil the shortlisted teams for its prestigious hackathon competition - SIB Finathon. SIB Finathon aligns with the bank's commitment to foster innovation and the adoption of cutting-edge banking technology.

SIB Finathon is a two-phase event, consisting of an online screening and shortlisting round, followed by the grand finale, where participants tackle three exciting challenges. The competition garnered applications from top engineering colleges and IT companies nationwide.

A panel of experts meticulously reviewed the submissions, resulting in 15 teams rising to the top. These 15 teams have been invited to participate in the co-creation camp scheduled to take place at IIT Delhi on November 4th and 5th, 2023. During this camp, participants will have a unique opportunity to present their innovative ideas and solutions, while receiving valuable guidance and mentorship from SIB, IIT Delhi's faculty, and experts from Mindgate Solutions, OneCard, and OSTTRA.

The grand finale, set to be hosted at IIT Delhi's prestigious campus on November 4th and 5th, 2023, will witness these talented teams competing for a total cash prize of Rs. 6 lakhs. It promises to be a showcase of innovative solutions to challenges in the finance industry.

In addition to the hackathon competition, SIB Finathon will also host a conclave, featuring distinguished speakers from the BFSI and tech domains who will exchange and share their insights and thoughts. Insightful fireside chats, engaging panel discussions, and abundant networking opportunities will enhance the overall experience for all participants.

SIB Finathon is poised to be an exciting event that combines innovation, education, and networking opportunities to foster the development of technology for the banking sector.

The 15 teams participating in the grand finale are as follows:

1. Team Phantom from Coimbatore Institute of Technology (CIT)
2. Team Investment Architects from IIT, Kharagpur
3. FinX from Saintgits College of Engineering (SCE)
4. Team 5G Only from IILM College of Engineering & Technology
5. Team HelloWorld from Cochin University of Science and Technology (CUSAT)
6. Team Code Z from CUSAT
7. Team Strategic Savants from IIT, Kharagpur
8. Team Fintech from Indian Institute of Information Technology (IIIT), Nagpur
9. Team Innovate Invincibles from Amrita Vishwa Vidyapeetham (AVV)
10. Team DigiCrafters from Shri Vile Parle Kelavani Mandal's Dwarkadas J. Sanghvi College of Engineering (DJSCE)
11. Team Onfocus Soft from Onfocus Software Pvt Limited
12. Team Hyperpersonalizers from IIT Roorkee
13. Team Technophiles from CUSAT
14. Team AlgoAllies from Netaji Subhas University of Technology (NSUT)
15. Team Akatsuki from IIT, Delhi

For more information about SIB Finathon, please visit: https://www.southindianbank.com/finathon/

About South Indian Bank

South Indian Bank is a leading Kerala-based Private sector bank with a nationwide presence. The Bank's shares are listed on The Stock Exchange Mumbai (BSE) and The National Stock Exchange of India Ltd., Mumbai (NSE). South Indian Bank has 944 branches, 3 Ultra Small Branches, 3 Satellite Branches, 1180 ATMs and 130 CRMs across India and a representative office in Dubai, UAE. South Indian Bank is a pioneer in technology-based banking, offering an array of digital products and services. It has one of the youngest workforces in the banking sector in the country. The Bank's Vision 2025 focuses on the 6 Cs -- Capital, CASA, Cost-to-Income, Competency Building, Customer Focus, and Compliance. For more information, please log on to www.southindianbank.com

About Enactus IIT Delhi:

Enactus IIT Delhi is a student led chapter if Enactus India based at IITD. Enactus IIT Delhi, comprised of a dedicated team of over 50 engineering students, embodies the spirit of social entrepreneurship leveraging the innovative minds to tackle pressing societal issues.  Established in 2011, this dynamic organization has made its mark by completing over 7 successful projects across diverse domains. Enactus IIT Delhi's core mission is to drive positive change and promote sustainability, all while nurturing the leaders of tomorrow. Currently, we are running 3 projects in the domains of net zero energy campus, sustainable education, and welfare of tribal communities in Jhabua.