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RBI Back With Hackathon, Seeks Innovative Fintech Solutions
Participants can register and submit their proposals from February 22 to March 24. The winner of the hackathon will take home ₹40 lacks and the runner-up will get ₹20 lacks, the central bank said. The four main focus areas of the hackathon include making banking services easy to use for the differently-abled, improving regulatory governance, exploring more use cases of the 'digital rupee', and using blockchain technology to enhance Transactions Per Second (TPS). Tone Tag, a brand of Bengaluru-based Naffa Innovations Private Limited, was declared the winner in two out of the four categories. Its solutions included a voice-enabled peer-to-peer (P2P) or peer-to-merchant (P2M) payment system for customers. Source: NDTV
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