Synd iNNOVATE
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Synd iNNOVATE 2019 was the National Level Hackathon conducted by Syndicate Bank in September 2019 to encourage Innovation in Banking Industry.{{Cite web|title=Bengaluru: Syndicate Bank holds 'Synd Innovate Hackathon' to encourage innovation|url=https://www.deccanchronicle.com/technology/in-other-news/300919/bengaluru-syndicate-bank-holds-synd-innovate-hackathon-to-encourage.html|date=2019-09-30|website=Deccan Chronicle|language=en|access-date=2020-06-01}}{{Cite web|title=Syndicate Bank bets big on technology innovation, organizes Synd Innovate Hackathon|url=https://www.businesstoday.in/pti-feed/syndicate-bank-bets-big-on-technology-innovation-organizes-synd-innovate-hackathon/story/381751.html|access-date=2020-06-02|website=www.businesstoday.in|date=28 September 2019 }} It attracted more than 3,500 ideas{{Cite news|date=2019-10-02|title=Syndicate Bank gathers 3,500 fresh ideas to bring in ease of use in digital banking|language=en-IN|work=The Hindu|url=https://www.thehindu.com/business/Industry/syndicate-bank-gathers-3500-fresh-ideas-to-bring-in-ease-of-use-in-digital-banking/article29569616.ece|access-date=2020-06-01|issn=0971-751X}} from applicants from all over India out of which final 40 teams were called for Onsite Hackathon.{{Citation|title=SYND iNNOVATE FULL DOCUMENTARY|url=https://www.youtube.com/watch?v=5d3oHybY66M|language=en|access-date=2020-06-01}}{{Cite web|title=Syndicate Bank bets big on technology innovation, organizes Synd Innovate Hackathon|url=https://www.outlookindia.com/newsscroll/syndicate-bank-bets-big-on-technology-innovation-organizes-synd-innovate-hackathon/1629269|access-date=2020-06-02|website=www.outlookindia.com/}}{{Cite web|title=SYND iNNOVATE Syndicate Bank |url=https://unstop.com/o/synd-innovate-syndicate-bank-84403| date=10 September 2020| access-date=2020-06-02|website=unstop.com}} {{Cite web|title=Dare2Compete rebrands to Unstop|url=http://bweducation.businessworld.in/article/Dare2Compete-Rebrands-To-Unstop-/27-04-2022-426730/|archive-url=https://web.archive.org/web/20220625114434/http://bweducation.businessworld.in/article/Dare2Compete-Rebrands-To-Unstop-/27-04-2022-426730/|url-status=live|archive-date=June 25, 2022|website=Unstop.com (formerly Dare2Compete)|access-date=2021-05-12}}
Themes
Synd iNNOVATE 2019 had thirteen themes{{Cite web|title=SYND iNNOVATE on HackerEarth|url=https://www.hackerearth.com/challenges/hackathon/synd-innovate/|access-date=2020-06-03|website=HackerEarth|language=en}} to participate, which are as follows:
- Open Innovation
- Customer Social Profiling
- Voice Based Customer Grievance redressal System
- An App for Agents(Referral Marketing & Affiliate Marketing)
- Branch wise customer ranking for the use of Digital Banking Channels & Rewards Mechanism for the same
- A centralized system for checking Branch Ambience & Cleanliness
- WhatsApp Business integration for amazing customer experience.
- Automated Queue Management System for Branch.
- Developing automated system for Identification & Triggering alert when a High Net Worth customer visits the Branch and/or using our Digital Platform like Internet/Mobile Banking etc.
- Mobile number verification of customers through QR scan, Missed Call or any other easy procedure
- Design of UX/UI for LAPS
- Early Fraud Detection Mechanism
- Customer Acquisition
Synd iNNOVATE received more than 3500 Ideas in all the themes combined. Then 400 teams were shortlisted to participate in 2nd round for submission of online prototype, out of these 400 prototypes, 40 were selected for final onsite Hackathon in Bengaluru.
Hackathon Schedule & Management
Synd iNNOVATE was managed by Bhanu Srivastav{{Cite web|title=SYND iNNOVATE on HackerEarth|url=https://www.hackerearth.com/challenges/hackathon/synd-innovate/custom-tab/contact-us/|website=HackerEarth|language=en|access-date=2020-06-01}}{{Cite web|last=MarketScreener|title=Syndicate Bank : Bhanu Srivastav's novel 'Hacker 404 Happiness Not Found' debuts as best-seller, Selling 21,000+ copies in 30 days {{!}} MarketScreener|url=https://www.marketscreener.com/SYNDICATE-BANK-6497948/news/Syndicate-Bank-Bhanu-Srivastav-s-novel-Hacker-404-Happiness-Not-Found-debuts-as-best-seller-Sel-30188093/|access-date=2020-06-02|website=www.marketscreener.com|date=19 March 2020 |language=en}}{{Cite web|title=Bhanu Srivastav {{!}} Indian Writer, Author and Columnist|url=https://bhanusrivastav.com/|access-date=2020-08-25|website=Bhanu Srivastav|language=en-US}} from Syndicate Bank.{{Cite web|last=|first=|date=|title=Syndicate Bank Notification|url=https://syndicatebank.in/notice/announcement/synd-innovate-more-information-click-here|access-date=|website=}}{{Cite web|last=You|first=Technology For|title=Synd Innovate Hackathon concludes high on innovation {{!}} Technology For You|date=October 2019 |url=https://www.technologyforyou.org/synd-innovate-hackathon-concludes-high-on-innovation/|access-date=2020-06-02|language=en-US}} who was working in Business Process Re-Engineering & Innovation Department in Syndicate Bank Corporate Office. The event was managed by Hackerearth.{{Cite web|title=SYND iNNOVATE on HackerEarth|url=https://www.hackerearth.com/challenges/hackathon/synd-innovate/|website=HackerEarth|language=en|access-date=2020-06-01}}
The Hackathon was scheduled in 3 phases:
Phase 1 Idea Submission (Online)
Phase 2 Prototype submission (Online)
Phase 3 Onsite Hackathon (Offline)
The prize money for the winners was:
1st Prize - Rs 3,00,000/-
2nd Prize - Rs 2,00,000/-
3rd Prize - Rs 1,00,000/-
10 Consolation Prizes - 10,000/-
Reception
The final event was organized successfully in Bengaluru.{{Cite web|title=Syndicate Bank bets big on technology innovation, organizes Synd Innovate Hackathon|url=https://www.outlookindia.com/newsscroll/syndicate-bank-bets-big-on-technology-innovation-organizes-synd-innovate-hackathon/1629269|website=www.outlookindia.com/|access-date=2020-06-01}}{{Citation|title=SYND Innovate 2019: Hackathon Highlights (Video 2019) - IMDb|url=http://www.imdb.com/title/tt11986662/mediaindex|access-date=2020-06-02}}