Tuesday, November 16, 2021

Reserve Bank of India First Global Hackathon HARBINGER 2021 | Win 40 Lakh Cash Prize

Reserve Bank of India First Global Hackathon "HARBINGER 2021"

Reserve Bank is organizing its first global hackathon “HARBINGER 2021" Innovation for Transformation” with the theme ‘Smarter Digital Payments’.

RBI Hackathon HARBINGER 2021

                RBI Hackathon HARBINGER 2021

The modus operandi of a hackathon is a competitive event where the participants submit ideas, create solutions, exhibit the prototypes,and the solutions are judged by a panel to arrive at the winner/s of the hackathon

RBI Hackathon 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.
  • 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

Who Can Apply for RBI Hackathon HARBINGER 2021?

All relevant and impactful solutions will be considered irrespective of the stage. The eligibility
criteria consist of the following:

  • All entities, teams or individuals (eighteen years and above) who are eligible to enter into a contractual agreement and;
  • who possess a Minimum Viable Product (MVP) or a product available on the market or ready to be rolled out in the market and;
  • who have an element of innovation or novel application of technology serving common good.

Participants from all backgrounds and geographies are welcome, albeit knowledge about the
Indian payment systems market and consumers is preferred.

Participants should be open to form an incorporated entity in India if they are winners of the

Registration for the RBI hackathon HARBINGER 2021 starts from 15th November 15, 2021 and end Date 15th December 2021

More details about Reserve Bank of India First Global Hackathon HARBINGER 2021

Direct Link To Apply for Reserve Bank of India First Global Hackathon HARBINGER 2021

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