Indian Bank, a public sector bank, is partnering with IIT Madras to host a hackathon focused on cyber security and fintech in April this year. The hackathon aims to tackle key issues in these domains, including endpoint security, fraud prevention, and advanced fraud detection mechanisms. The event is exclusively open to students and scholars of IIT Madras.
The hackathon is part of a series of such events planned by public sector banks in compliance with an advisory from the Indian Banks’ Association (IBA). The IBA has encouraged banks to collaborate with top institutions like IITs, universities, and science institutions to promote innovation and talent in the fintech and cyber security sectors.
The hackathon is expected to bring together talented students and scholars from IIT Madras to work on solving real-world problems in the fintech and cyber security domains. The event will provide a platform for participants to showcase their skills, creativity, and innovative thinking, and to develop solutions that can benefit the banking industry.
The partnership between Indian Bank and IIT Madras is a significant step towards promoting collaboration between the public sector and academia. It demonstrates the bank’s commitment to staying ahead of the curve in terms of technology and innovation, and its willingness to invest in the development of young talent.
The hackathon is expected to be a unique opportunity for participants to gain hands-on experience in working on real-world problems, and to develop their skills in areas like coding, data analysis, and problem-solving. The event is likely to attract a wide range of participants, including students from various disciplines, and scholars from the fields of computer science, engineering, and mathematics.