Nationwide hackathon for developers, students, professionals, start-ups & fintechs to showcase
innovative solutions and co-create solutions with the Bank
- Top three winners will be awarded cumulative prize money of Rs 10 lakh
Mumbai, 10 th June 2024: Bank of Baroda (Bank), one of India’s leading public sector banks, has
announced the launch of a nationwide online hackathon on Generative Artificial Intelligence (GenAI), in
collaboration with Microsoft. The hackathon aims to inspire participants to develop innovative solutions
using GenAI technology to address specific business areas defined by the Bank. The top three teams will
receive cash prizes of Rs 5 lakh, Rs 3 lakh and Rs 2 lakh each, and the Bank will look to implement the
best ideas that emerge from the hackathon.
Open to both individuals and teams—including developers, students, professionals, start-ups, and
fintechs—the two-month-long event will focus on ideation and prototype development. Bank of Baroda
is seeking groundbreaking solutions in six areas: customer service, financial advisory, audit &
compliance, risk management, operational efficiency and personalised content generation.
Shri Sanjay Mudaliar, Executive Director, Bank of Baroda said, “Bank of Baroda is committed to staying
at the forefront of innovation. With the banking industry evolving rapidly, the advent of Generative
Artificial Intelligence marks a new frontier. Artificial Intelligence, particularly Generative AI, holds
immense potential to transform the way we approach banking, offering new ways to enhance customer
experiences, streamline operations, and drive efficiencies. We firmly believe that by working together
with like-minded innovators, we can create transformative solutions that will redefine the banking
landscape for the better. We are also pleased to collaborate with Microsoft in this initiative.”
Commenting on the initiative, Mr. Puneet Chandok, President, Microsoft India and South Asia said,
“We at Microsoft are thrilled to share a common vision of a tech powered India with Bank of Baroda.
Our journey is fueled by Azure OpenAI’s digital innovation, and together, we are ushering in a
transformative era in customer banking. Through the Gen AI Hackathon, an initiative by Bank of Baroda,
we look forward to developers utilising Azure OpenAI’s capabilities to architect unique digital solutions
for the Indian banking sector.”
Contestants can participate in the hackathon by visiting https://bobhackathon.com. Participants can
form a team of a maximum of four people to participate. Individuals and teams can register for the
hackathon and submit ideas from 10 th June 2024 to 30 th June 2024 (both dates inclusive). Shortlisted
teams will be asked to develop a prototype which will form the basis for deciding the winners.
Shortlisted teams will be provided Azure credits, technical resources and mentoring sessions by
Microsoft and Bank of Baroda subject matter experts.
