SOUTH INDIAN BANK AND ENACTUS IIT DELHI INVITE APPLICATIONS FOR ‘SIB FINATHON’

October 4, 2023

Mumbai/Thrissur, September 30, 2023: South Indian Bank, in association with the Enactus - Indian Institute of Technology (IIT) Delhi, invites applications for its Hackathon named SIB Finathon. The applications are invited from the brightest minds in the student community and are open to IIT students, engineering scholars, technology enthusiasts, and diverse professionals across the country. SIB - Finathon extends three exciting hackathon challenges: Gamification, Virtual Branch, and Hyper-personalization of the mobile app. The deadline for submitting applications is 10 October 2023.

The SIB Finathon is in line with the Bank’s commitment to adopting cutting-edge technology in banking. The SIB Finathon will take place in two phases: an online screening and shortlisting round, followed by the grand finale. A panel of experts will review the entries, and 15 teams with the most interesting and innovative ideas will be shortlisted to participate in the co-creation camp at IIT Delhi. During the camp, participants will have the opportunity to showcase their innovative ideas and solutions with guidance and mentorship from South Indian Bank, IIT Delhi faculty, and experts from partners, Mindgate Solutions, OneCard, and OSTTRA. The grand finale hosted at IIT Delhi's prestigious campus will be held on 4th and 5th November 2023, where the top three winners will receive a total cash prize of Rs. 6lacs.

Speaking on the launch of the SIB Finathon, Mr. Sony A, SGM and Chief Information Officer, South Indian Bank, said, "At South Indian Bank, we have steadfastly remained at the forefront of technological advancements in the banking sector. The SIB Finathon epitomizes our dedication to fostering innovation and collaboration. We strongly believe in nurturing young minds and providing them with the platform to showcase their exceptional talent. Through SIB Finathon, we are empowering the next generation of innovators and entrepreneurs, encouraging them to think creatively and bring forward groundbreaking ideas which will not only shape the future of banking but also have a positive impact on society as a whole.

The combination of South Indian Bank's expertise as a tech-savvy bank and the brilliance of these young minds is bound to result in cutting-edge solutions and transformative advancements, which we eagerly anticipate.

Subodh Sharma, Assistant Professor – Computer Science and Engineering, IIT Delhi: “The collaboration with South Indian Bank has been an exhilarating experience for Enactus IIT Delhi. This partnership merges the boundless creativity and intellect of the young minds with the progressive vision of the bank. Empowering the students to think beyond boundaries, this hackathon provides a perfect platform for them to unleash their potential. With the support of the South Indian Bank, we anticipate transformative outcomes that will shape the future of banking. Together, we are committed to fostering innovation, curiosity, and collaboration, opening doors to a world of opportunities to young talents to excel”

In addition to the hackathon, SIB Finathon will host an illuminating conclave featuring distinguished speakers from the BFSI and tech domains. The conclave will facilitate insightful fireside chats, engaging panel discussions, and ample networking opportunities, enriching the overall experience for participants.

The SIB Finathon warmly welcomes participants from all walks of life, irrespective of prior development experience or background. Eligibility requirements include legitimate citizenship, age of 18 years or older, and access to the Internet. The hackathon serves as an inclusive platform for aspiring tech enthusiasts to collaborate, learn, and flourish. For comprehensive information regarding the SIB Finathon, including registration details and real-time event updates, please visit https://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 942 branches, 1175 ATMs and 130 CDR/CDMs 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 2024 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-leader 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 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

South Indian Bank

Mumbai, Maharashtra, India

"At South Indian Bank, we have steadfastly remained at the forefront of technological advancements in the banking sector. The SIB Finathon epitomizes our dedication to fostering innovation and collaboration. We strongly believe in nurturing young minds and providing them with the platform to showcase their exceptional talent. Through SIB Finathon, we are empowering the next generation of innovators and entrepreneurs, encouraging them to think creatively and bring forward groundbreaking ideas which will not only shape the future of banking but also have a positive impact on society as a whole. The combination of South Indian Bank's expertise as a tech-savvy bank and the brilliance of these young minds is bound to result in cutting-edge solutions and transformative advancements, which we eagerly anticipate.
Author,
Mr. Sony A, SGM and Chief Information Officer, South Indian Bank

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