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Which bank announced the results of the 1st Global Hackathon "HARBINGER 2021"?
State Bank of India
Union Bank of India
Central Bank of India
Reserve Bank of India

Correct Answer : Option (D) - Reserve Bank of India

The Reserve Bank of India had launched its first global hackathon – “HARBINGER 2021 – Innovation for Transformation” with the theme ‘Smarter Digital Payments’ which was communicated. The hackathon received encouraging response with 363 proposals submitted by teams from within India and from 22 other countries including the USA, UK, Sweden, Singapore, Philippines, and Israel. 
The Hackathon ran in three phases with shortlisting of proposals in the first phase, solution development in the second phase followed by the final evaluation in the third phase.
The third phase of final evaluation was held on May 26-27, 2022 in Bengaluru wherein 24 finalist teams presented their solutions for the problem statements to the jury of external experts who evaluated and selected the winners and runners-up based on parameters like innovation, technology, demonstration, user experience, security, ease of implementation.

Source : India Times

Published On : June 6, 2022
Category : Banking