Thursday, October 26, 2017
SBI Unveils ‘2nd SBI Digital Hackathon’ – Digitize For Bank
Country’s largest lender State Bank of India recently launched its second edition of its Hackathon – Digitize For Bank (#D4B2017) at the hands of DMD & CIO of SBI, Mrutyunjay Mahapatra.
Digitize for Bank (#D4B2017) presented by SBI Collaborative Innovation Centre (CIC) is a curated Digital Hackathon on 4 use cases across “Cognitive” theme. They are: Facial Recognition, Signature Recognition, Voice based Authentication and Cheque Truncation Value Enhancers.
Today, Banks face several challenges like identity fraud, problems with signature validation, and lack of multi-form authentication.
Sudin Baraokar, Head Innovation, SBI opines on this occasion, "D4B2017 will leverage digital technologies to automate processes, identify patterns, improve efficiency and help the bank in fraud detection, spotting outliers, reduce validation errors and help simplify and ease customer experience."