Hyderabad: Bank of Baroda has announced the launch of a nationwide online hackathon on generative artificial intelligence (GenAI), in collaboration with Microsoft. The hackathon aims to inspire participants to develop innovative solutions using GenAI technology to address specific business areas defined by the bank.
The top three teams will receive cash prizes of Rs.5 lakh, Rs.3 lakh and Rs.2 lakh, and the bank will look to implement the best ideas that emerge from the hackathon.
Contestants can participate in the hackathon by visiting https://bobhackathon.com. Participants can form a team of a maximum of four people. Ideas must be submitted before June 30. The shortlisted teams will be asked to develop a prototype.
Sanjay Mudaliar, executive director, Bank of Baroda, said, “We firmly believe that by working together with like-minded innovators, we can create transformative solutions that will redefine the banking landscape for the better. We are also pleased to collaborate with Microsoft in this initiative.”
Puneet Chandok, President, Microsoft India and South Asia, said, “Through the Gen AI Hackathon, we look forward to developers utilising Azure OpenAI’s capabilities to architect unique digital solutions for the Indian banking sector.”
