Reserve Bank of India launches its Third Global Hackathon

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Published on June 07, 2024

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Reserve Bank of India launches its Third Global Hackathon – HaRBInger 2024

Reserve Bank is organising its third global hackathon – ‘HaRBInger 2024 – Innovation for Transformation’. The Hackathon invites participants to develop solutions using technology and innovative approaches under the following themes and problem statements:

Theme 1: “Zero Financial Frauds”
i. Real time prediction, detection and prevention of frauds in financial transactions using alternate sources of data including publicly available information.
ii. Ensuring transaction anonymity in token-based (CBDC) transactions while maintaining financial system integrity.
iii. Identifying mule bank accounts/ payment wallets.

Theme 2: “Being Divyang Friendly”
iv. Accurately identifying banknotes by visually impaired.

Being part of HaRBInger 2024 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 under each problem statement.

Sl. No.	Category	Amount
I.	Winner across each problem statement	INR 40 lakh
II.	Special prize to the best ‘all woman team’ (a team comprising of only woman members’), across all the four problem statements	INR 20 lakh
III.	Stipend per team shortlisted for solution development for meeting the cost of development of prototype	INR 5 lakh