Categories: Banking

RBI launches 1st Global Hackathon named HARBINGER 2021

The Reserve Bank of India has launched its first global hackathon named “HARBINGER 2021 – Innovation for Transformation”. The theme of HARBINGER 2021 is ‘Smarter Digital Payments’. The Hackathon invites participants to identify and develop solutions that have the potential to make digital payments accessible to the under-served, enhance the ease of payments and user experience while strengthening the security of digital payments and promote customer protection.

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HARBINGER 2021 invites innovative ideas for the following problem statements in the payment and settlement systems landscape:

Innovative, easy-to-use, non-mobile digital payment solutions for converting small-ticket cash transactions to digital mode.
Context-based retail payments to remove the physical act of payment.
The alternate authentication mechanism for digital payments.
Social Media Analysis Monitoring tool for detection of digital payment fraud and disruption.

Being part of HARBINGER 2021 gives an opportunity to the participants to get mentored by industry experts and exhibit their innovative solutions before an eminent jury and win exciting prizes in each category.

Winner: Rs 40 lakh
Runner-up: Rs 20 lakh

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.