Synechron to Host SyneHack 201.7 – The First-ever AI Hackathon to Improve the Future of Banking 

Published On : 03/23/2017

Hackathon aimed at building the most innovative banking solutions 

Synechron Inc., a global financial services consulting and technology services provider, has today announced it will be conducting its first-ever hackathon – SyneHack 201.7 to address challenges of the Artificial Intelligence world. SyneHack 201.7 will be hosted in association with HackerEarth and will provide participants a chance to contribute to the financial services industry that is undergoing a phase of digital transformation.

SyneHack 201.7 is a 24-hour hackathon that calls for developers to create an application that can process structured and unstructured data to eventually predict if a customer is satisfied or dissatisfied with their banking experience. Registrations forSyneHack 201.7 are now open and acceptance of submissions will conclude on Sunday, April 9, 2017. SyneHack 201.7 will conclude with an onsite event scheduled for April 22–23, 2017 in Bengaluru. Participants will be eligible to win prizes of up to INR 2,50,000/=. The winners of the hackathon will be announced on Sunday, April 23, 2017.

Faisal Husain, Co-founder and CEO, Synechron, said, “Synechron always has been driving innovation to the next level by unleashing the ‘Power of 3’ – Digital, Business Consulting, and Technology. In line with our commitment to innovation, we are thrilled to be associated with HackerEarth and establish our very first AI Hackathon – SyneHack 201.7. The hackathon is ideally designed to demonstrate the prowess of proven technologies like Artificial Intelligence and similar cutting-edge technologies and how they bring in a plethora of opportunities to the financial services industry. I am sure such initiatives would lay the foundation for the evolution of the bank of the future.”

In any bank, customer satisfaction is a key measure of success. Unhappy customers don’t stick around and rarely voice their dissatisfaction before leaving. Synechron aims to address this very challenge through SyneHack 201.7. Synechron’s cutting-edge solutions for Artificial Intelligence and Blockchain utilize its Digital, Business Consulting, and Technology expertise and ensure real-time benefits, centered on strategic business challenges faced by financial institutions today.

Technologies like Open APIs, Artificial Intelligence, AR and VR, Bots, Big Data, Blockchain, and IoT will form the basis of tomorrow’s economy. The banks of tomorrow must be able to help customers navigate this new economy in a safe and comfortable way, while giving them access to advantages of new technologies. This hackathon aims to seek and promote new services, technologies, and ways of working with customers that are aligned with what customers expect from a modern bank,” said Sachin Gupta, CEO and Co-founder, HackerEarth.

Wanda Rich

Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.