Bank of Baroda announces winners of GenAI Hackathon 2024 held in collaboration with Microsoft

Mumbai, September 20, 2024:  Bank of Baroda (Bank), one of India’s leading public sector banks, announced the winners of nationwide online Hackathon on Generative AI, held in collaboration with Microsoft Azure as the technology partner. The nearly three month long Hackathon brought together the brightest minds in the technology and banking sectors to tackle pressing challenges as defined by the Bank through innovative solutions. The hackathon attracted over 26,000 registrations. From these, 180 teams advanced to the prototype building phase, with the top 10 teams showcasing their solutions at the grand finale in Mumbai.
 
Sanjay Mudaliar, Executive Director, Bank of Baroda said, “Banking today is undergoing transformative changes and this requires constant ideation and reimagining solutions, making use of emerging technologies. Bank of Baroda Hackathon 2024, in collaboration with Microsoft, was truly a celebration of creativity, teamwork and technological prowess. We thank all participants for their enthusiastic participation and congratulate the winners for their outstanding submissions. We will further fine-tune, test and then implement the winning solutions within the Bank, giving winners an opportunity to enhance their prototypes and make them achieve scale.”
 
In this Hackathon, Bank of Baroda sought groundbreaking solutions in six areas: customer service, financial advisory, audit & compliance, risk management, operational efficiency and personalised content generation. The Top 3 winners and their winning submissions were as follows: