State Bank of India (SBI) – Collaborative Innovation Center (CIC) has launched the SBI National Hackathon – Code For Bank 2017 (C4B 2017), an API Hackathon Platform for developers, start-ups and students to put their thinking caps on and come up with ideas and solutions that can change the way banking is done in India.
From a technology standpoint, the bank said it views APIs as a set of micro-services that are individual or a combination of use cases, around which a mash-up of applications can be developed on-the-fly.
In the age of digital banking, SBI said it is organizing this Hackathon with an objective to invite start-ups, developers and partners to collaborate, ideate and co-develop disruptive and innovative solutions that will spearhead the Indian banking technology landscape.
The bank’s effort is to promote an outcome-based technology culture amongst start-ups and developers with the focus on developing cutting edge solutions for the bank in an agile manner. This will put in focus the business value driven by technologies like Predictive Analytics, Fin-Tech / Blockchain, Digital Payments, IOT, Artificial Intelligence, Machine Learning, Bots and Robotic Process Automation.
In the first phase, participants can register their idea during 20th to 29th May 2017 followed by the Hackathon, which will start from 6th June 2017 and end on 20th June 2017. The initiative will allow participants, comprising a team of maximum five people, to develop applications or solutions using only SBI APIs, only external APIs and a combination of SBI APIs and External APIs.
SBI said C4B 2017 will help drive both external and internal innovation. Developers can quickly get an application ecosystem view, learn the bank’s technology DNA and start developing solutions using the APIs available on the platform.
