The theme of the hackathon revolves around Account Aggregator use cases. Bank is more inclined towards ideas/ prototype focusing,

• Seamless Customer On-boarding
• Increase Customer Engagement
• Customer Security
• Less implementation cost and time.
• Less alteration to process
• Innovativeness

The registration and idea submission phase starts 07th November 2022 and ends on 10th December 2022.

Participants can visit https://bobworld-hackathon.devfolio.co/ or Bank’s website to register for the hackathon.

Team size can be from 1 (min.) up to of 4 (max.) members.

Maximum 4 members.

The minimum age of the participant / all participants shall be 18 years.

Any individual can participate in only 1 team or at an individual level only. Any deviation will lead to disqualification of all teams that the individual participates in.

You can submit as many times as you want, the last hack will be considered as the final submission.

Below are the prizes based on rank secured by the participant/ team,

The Hackathon is to be organized in 2 phase:

• Phase 1 - Idea Submission Phase
• Phase 2 - Prototype development & Presentation Phase

Teams may use any leading technologies for development of the concept. You may use open source libraries and other freely available systems. An undertaking in this regard would be obtained from the team.

Evaluation Criteria parameters (based on scale from 1 to 5).

• Customer on-boarding
• Customer Engagement
• Customer Security methods
• Customer Stickiness.
• Implementation cost.
• Implementation Time.
• Process impact.
• Innovativeness.
• UI/ UX
• Incorporated Analytics to identify targeted customers based on various indicators and provide nudges.

Any individual citizen of India who is above 18 years of age can participate.

The Phase 1 i.e. Idea submission would be online and virtual meeting link would be communicated to the participants well in advance. The Phase 2 i.e. prototype presentation would be a on premise event.

Teams shortlisted for Phase 2 will be required to submit:

• Developed Prototype
• Demonstration Video
• Sample Data that was presented in the Video
• Documentation (Microsoft word or PPT or PDF)

The intellectual property of the code belongs only to participant or participating team. On further commercial relationship with bank, the intellectual property right would be transferred to Bank, post execution of mutual agreement.

As per Bank’s Discretion.

Participants may get a potential opportunity to explore a commercial relationship with Bank. This would be as per bank’s discretion and mutually agreed terms between bank and winning participants.