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South Indian Bank (SIB), in collaboration with Enactus - Indian Institute of Technology (IIT), Delhi, proudly announced the winners of its esteemed hackathon competition - SIB Finathon. SIB Finathon aligns with the Bank's commitment to fostering next-generation banking that encompasses innovation and the adoption of cutting-edge technology.

The winners of the competition are Team Akatsuki from IIT, Delhi (First Prize – 3 lakhs), Team Hyperpersonalizers from IIT Roorkee (Second Prize – 2 lakhs), Team Phantom from Coimbatore Institute of Technology (CIT) (Third Prize – 1 lakh). In addition to this, two teams received special appreciation awards for their solutions. The teams are Team DigiCrafters from Shri Vile Parle Kelavani Mandal's Dwarkadas J. Sanghvi College of Engineering (DJSCE) and Team AlgoAllies from Netaji Subhas University of Technology (NSUT) who also received a cash prize of Rs. 25,000/-. 

The SIB Finathon was conducted in two phases consisting of an online screening and shortlisting round, followed by the grand finale, where participants worked on three exciting coding challenges. The competition garnered applications from top engineering colleges and IT companies nationwide. A panel of experts meticulously reviewed the submissions, selecting 14 teams that rose to the top. These 14 teams participated in a co-creation camp held at IIT Delhi on November 4th and 5th, 2023 and presented their innovative ideas and solutions, while receiving guidance and mentoring from SIB, IIT Delhi's faculty, and experts from Mindgate Solutions, OneCard, and OSTTRA.

The grand finale hosted at IIT Delhi's prestigious campus on November 4th and 5th, 2023, witnessed talented teams competing for a total cash prize of Rs. 6 lakhs.

SIB Finathon succeeded in showcasing innovative solutions to the challenges faced in the finance industry.

Mr. Sony A, SGM and CIO, South Indian Bank said “SIB Finathon is a resounding testament to South Indian Bank's unwavering commitment to innovation and cutting-edge technology in banking. It's a dynamic platform where creative minds shape the future of finance. We wholeheartedly congratulate the talented winners who have exemplified excellence in thought & execution. With enthusiastic participants, it reflects our mission to revolutionize banking for accessibility and efficiency. We believe these engagements will leave a lasting impact on the way we bank in the future. SIB Finathon goes beyond being just an event; it serves as a powerful catalyst for innovation in the future of banking, where South Indian Bank's vision of 'Trust Meets Tech' takes centre stage, connecting with the millennials and youth, shaping the future of banking in an engaging and transformative way”

Beyond the hackathon competition, SIB Finathon played host to a conclave that featured illustrious speakers from the BFSI and tech domains. These luminaries shared their invaluable insights and thoughts, fostering a profound exchange of knowledge. The event featured enlightening and engaging panel discussions, and abundant networking opportunities, ensuring an enriching experience for all participants.

SIB Finathon represented an electrifying convergence of innovation, education, and networking opportunities, a triumphant endeavour dedicated to propelling the development of technology within the banking sector.

The top 14 teams which competed in the grand finale were as follows:

1. Team Phantom from Coimbatore Institute of Technology (CIT)
2. Team Investment Architects from IIT, Kharagpur
3. Team FinX from Saintgits College of Engineering (SCE)
4. Team 5G Only from IILM College of Engineering & Technology
5. Team HelloWorld from Cochin University of Science and Technology (CUSAT)
6. Team Code Z from CUSAT
7. Team Fintech from Indian Institute of Information Technology (IIIT), Nagpur
8. Team Innovate Invincibles from Amrita Vishwa Vidyapeetham (AVV)
9. Team DigiCrafters from Shri Vile Parle Kelavani Mandal's Dwarkadas J. Sanghvi College of Engineering (DJSCE)
10. Team Onfocus Soft from Onfocus Software Pvt Limited
11. Team Hyperpersonalizers from IIT Roorkee
12. Team Technophiles from CUSAT
13. Team AlgoAllies from Netaji Subhas University of Technology (NSUT)
14. Team Akatsuki from IIT, Delhi

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