Decoding solutions to create the bank of tomorrow
Societe Generale Global Solution Centre’s (SG GSC) annual hackathon event ‘Brainwaves’ brought top 150 coders from across the country under one roof for a 30-hour build challenge to develop future banking solutions.
Bangalore, 20 January, 2018 – Societe Generale Global Solution Centre (SG GSC), a fully owned subsidiary of European banking major Societe Generale (SG) organised the fourth edition of its annual hackathon event ‘Brainwaves’ on 20 and 21 January, 2018. The coding event brought together some of the brightest minds, from academia and industry for a 30-hour build session on two interesting themes ‘Machine Learning’ and ‘Cyber Security’, two emerging trends that are integral to Societe Generale’s innovation efforts.
The selection process was divided into two phases: online and offline. The online hackathon was organised in December 2017 in collaboration with HackerEarth, a startup and a software provider for innovation management and talent assessment. Over 9600 coding enthusiasts across the country participated in the online phase of which 150 participants could make it to the offline phase and the final event.
Inaugurating the 30-hour coding event, Veronique Sani, CEO, SG GSC said, “I’m very excited to welcome you all to the fourth edition of SG GSC hackathon. The event is getting bigger and better every year. It is wonderful to see the crème de la crème of the coding community from across the country under one roof.”
“The theme ‘Cyber Security’ has been introduced this year in addition to the existing theme ‘Machine Learning’ as these are very important topics for us as a bank. Building the bank of the future and reinventing the relationship we have with our clients requires new working models, new technologies, engagements and ideas,” Veronique further added.
Nikhil Kumar, the brain behind the Bharat Interface for Money (BHIM) app delivered the key note address at the event. He presented insightful statistics on the technology landscape in India and the importance it plays. He further encouraged the participants to nurture ideas that can help benefit the innovation eco-system in the country.
Sunil Shah, Deputy CEO, SG GSC presented the use cases to the participants. Brainwaves, SG GSC hackathon is one of the very few coding challenges which allows participants to work on real world scenarios that are actually being considered by the bank. The focus is to find the right business solutions around the themes as well as find the right talent to join the SG GSC fraternity.
Post 30 hours, the participants presented their solutions to dedicated panels which comprised of technology experts from SG GSC.
The winners of ‘Brainwaves’, SG GSC hackathon this year are:
First Prize – Team”Zulu” (Adrish Banerjee , Akash Dubey)
- Second Prize – Team “NotRegistered” – (Vikhyat Chadha, Arpit Chaudhary, Prayas Jain)
- Third Prize – Team “DataMafia” – (Shrey Manish, Kapil Tripathi, Waqar Sarguroh)
- First Prize – Team “ed4rkc0de” (EDarkcode) – (Swapnil, Aarush Ahuja, Palash Bansal, Puneet Kumar Maurya)
- Special Award – Team “SpyDer “– (Shishir Jindal, Tanmay Tiwari, Asutosh Palai.
The annual hackathon hosted by SG GSC continues to attract top talent from tier-1 colleges across India. It is also a great platform for experienced coders to learn, experiment and present solutions that will find applications in the real-world. This year close to 10,000 coders fought for top positions (in comparison to 4000 applications in 2016) in the course of the event and garnered knowledge, industry exposure and recognition.
Innovation at SG GSC
Societe Generale GSC has been recognized as an ‘Innovation Hub’ for the SG Group. In line with the Group’s vision to develop into the ‘Relationship focused Bank of Tomorrow’, SG GSC has built capabilities across various domains and runs parallel initiatives to meet the business needs to serve customers better.
SG GSC is constantly looking to shift boundaries and redefine benchmarks. The company has transitioned from innovation in isolation to open innovation and this has been possible through increased connectivity between communities, both within the company and in the company’s wider ecosystem. Following a multi-pronged approach to innovation, the company works with internal and external stakeholders to ideate, prototype and co-create solutions in the areas of Smart Automation, Machine Learning, Artificial Intelligence, Design Thinking and Blockchain.
Building the bank of the future and reinventing the relationship with customers requires new working models, new technologies, engagements and ideas. SG GSC hackathon provides the platform for young talent to connect and develop future solutions that can benefit the Societe Generale Group.
As a bank with a digital focus, SG Group aims to maintain its position, ahead of the competition. With this in mind, it’s vital to explore technologies such as Machine Learning and Cyber Security that can make the customer experience seamless.
To know more about Societe Generale GSC visit http://www.socgensolutions.com/