New Delhi: India’s largest bank, State Bank of India has announced ‘SBI-Predict for Bank 2019 hackathon contest’ wherein you could win cash prizes upto Rs 5 Lakh.

As per instructions issued by the bank, every participant (whether individual or team) will need to provide an idea with process flow on how to develop a predictive analytics model that will use make use of the publicly available data to most accurately foresee and predict corporate customer loan default (e.g. news, blogs, forums, websites, court/arbitration center judgements, social media, stock exchanges, SEBI, rating agencies etc).

Following which, all the shortlisted teams would be allocated 20 names of SBI Corporate Customers. Over the next six months, the teams will need to give the probability of default of their respective Corporate customers using publicly available data.

All those whose models deliver the predictions matching the best correlated with the real timeframe of six months, would be given the cash prize.

Here is a List of Important Dates For ‘SBI-Predict for Bank 2019 hackathon contest’:

Notably, the contest would be held in two phases.

1) Ideathon Phase – Idea Submission: Between January 24 – February 07

2) Hackathon Phase – Prototype Development: February 12 – March 05

Prize Money

1) The one who bags the 1st prize would be awarded Rs 5 Lakh

2) The 2nd prize winner would be given Rs 4 lakh

Registration details:

Click Here and register yourself for the ‘SBI-Predict for Bank 2019 hackathon contest’