All banking enthusiasts are requested
to don their thinking hats.
IDBRT has announced the first ever
Banking App Contest. In short - IDBRT IBAC 2016.
Q: What is IBDRT?
Ans: Institute for Development and Research
in Banking Technology (IDRBT) is a premier Institution focused exclusively on
Banking Technology.
IDBRT has been established by Reserve Bank
of India.
Q: What is the aim of IDBRT?
Ans: The Institute works at the
intersection of Banking and Technology, focusing on research and development
which is useful for the Indian Banking and Financial Sector.
Q: Where is IDBRT located?
Ans: IDBRT is located in Hyderabad-Telangana
State.
Q: What is the purpose of IBAC 2016?
Ans: The purpose of IDBRT IBAC 2016 is to attract
the best talent in India to showcase their understanding of Indian financial
systems and deploy the same in Mobile Apps.
The popularity of “App” or “Application
Software” has grown tremendously in recent years. These apps should facilitate
mobility of the user. With a view to provide a big boost to developing apps for
the Indian Banking and Financial Sector, the Institute is organizing national
level IDRBT Banking Application Contest (IBAC) in March 2016 at IDRBT,
Hyderabad. This competition aims to serve two key purposes:
01)
Indian
Banking and Financial Community would get innovative ideas from the best
technology talent in the country
02)
The
Gen Next would get an opportunity to showcase their technology talent through
this platform.
Participants' Profile
Participants
have to register as a team (maximum of three members in a team) and all members
in a team must be either:
a)
Less
than 25 years of age as on August 31, 2015
Or
b)
Affiliated
to any recognized educational institution as a student as on August 31, 2015
or
c)
A Bank
employee as on August 31, 2015.
Scope of the Apps
The
scope of the application is limited to the banking sector and is to be
developed to facilitate operations in the following areas, but not limited to:
Apps
for Customers
Electronic
Payment Systems
Mobile
Banking
Fake
Currency Detection, etc.
Apps
for Managing Business
Data
Visualization
Customer
/ Product Analysis
Transaction
Analysis, etc.
Apps
for Managing Technology
SIEM
Tools
IT
Infrastructure Management tools, etc.
Registration
Teams
have to register on or before 31st August, 2015 and the Registration Fee is Rs
1000/- per team.
Format
of the Contest
- Participating teams are required to
submit a write-up on their proposed application (along with theories,
results, screenshots) by January 20, 2016.
- A few teams will be shortlisted based
on the applicability and quality of their submission.
- The shortlisted teams will be asked to
demonstrate their Apps in front of an elite panel consisting of senior
bankers, IT professionals and Academicians.
- All members of the shortlisted teams
will be reimbursed Third AC to and fro rail fare by the shortest route to
attend the event.
Attractive Prizes
1st
Prize - Rs. 60,000/-
2nd
Prize - Rs. 45,000/-
3rd
Prize - Rs. 30,000/-
Important Dates
v Last date of registration: August 31, 2015
v Last date of submission of their App:
January 20, 2016
v Results of shortlisting: January 31, 2016
v Final Event: March, 2016
Call
for Sponsorship
IDRBT
invites various Organizations/Institutions to be our sponsoring partners, in
any one of the following categories:
- Platinum Sponsors: Rs. 5 Lakh
- Gold Sponsors: Rs. 2.5 Lakh
- Silver Sponsors: Rs. 1 Lakh
For
contact details, please write to ibac2016@idrbt.ac.in.
Please keep watching IDBRT webpage for
further details.
