IDRBT Banking Technology Innovation Contest (IBTIC)

The Institute for Development and Research in Banking Technology (IDRBT) is a premier Institution focused exclusively on Banking Technology. Established by Reserve Bank of India, the Institute works at the intersection of Banking and Technology, focusing on research and development, which is useful for the Indian Banking and Financial Sector.

IBTIC

We cannot live in today’s world without electronics, information, and communication technology. Banking is not an exception. India has leapfrogged into the era of innovation in banking by adopting the latest in technology. Today’s digital age and hyper-connected environment requires banks to re-invent their business continuously, and banks are maintaining pace with latest technological developments. Forthcoming years will be no different for the Indian banking sector; there will be growth fuelled by innovative initiatives by several stakeholders in the banking ecosystem.

The Institute was organising the IDRBT Banking Apps Contest (IBAC) for the last two years. The scope of this contest was limited to Apps. Based on the experiences and feedback received from the contest as well as the Banking Sector, the Institute felt that the scope of the contest needs to be broadened to cover not just the Apps, but all the innovations in the area of Banking Technology.

Accordingly, in order to bring out the innovations happening in the area of banking technology, the Institute is organising the first national level IDRBT Banking Technology Innovation Contest (IBTIC) on 6th April, 2018 at IDRBT, Hyderabad.

The objective of IBTIC is to identify and promote the innovative ideas from the best technology talent in the Indian Banking and Financial Sector.

CALL FOR SUBMISSION

Participation is being asked from individuals, banks, industries and academia to submit innovative ideas and solutions for the contest. The scope of the submission covers the entire technology gamut which has direct influence in banking and financial services.

FORMAT OF THE CONTEST

Participating teams are required to submit a write-up on their proposed innovation highlighting the underlying technology, novelty, and its impact in the banking sector by December 15, 2017 to ibtic@idrbt.ac.in.

A few teams will be shortlisted based on the applicability and quality of their submission. The shortlisted teams will be asked to present their innovations in front of an elite panel consisting of Senior Bankers, IT Professionals and Academicians.

Participating students, if any from shortlisted teams, will be reimbursed Third AC (subject to submission of a valid identity card from the educational institution] to and fro rail fare by the shortest route to attend the event.

The submission should have the following content (as a pdf attachment)
Title:
Team Name:
Team Members:
Affiliation:
Contact Details:
Introduction:
Objective:
Description:
Novelty:
Impact:

The Subject of the mail should carry “Submission to IBTIC 2018”. The body of the email should contain the payment details (NEFT reference number and date of transaction). Also, please attach the NEFT receipt along with the email.

ATTRACTIVE PRIZES

  • 1st Prize: Rs. 60,000/-
  • 2nd Prize: Rs. 45,000/-
  • 3rd Prize: Rs. 30,000/-

Registration

Teams have to register on or before December 15, 2017. The Registration Fee is Rs. 2000/- per team. Pay the registration fee using NEFT. Please save the bank transfer receipt for future reference. Bank account details have been given here:

Account Details
Name of the A/c Institute for Development & Research in Banking Technology (IDRBT)
Name of the Bank Axis Bank Ltd., Mehdipatnam Branch, Hyderabad
A/c No 426010100018823
Type of a/c/th> Savings
IFSC Code UTIB0000426

Important Dates

  • Last Date of Registration December 15, 2017
  • Results of shortlisting: February 15, 2018
  • Final Event: April 06, 2018

Call for Sponsorship

IDRBT invites sponsors for IBTIC 2018 in the following three categories. The IBTIC 2018 will be conducted along with CIO (Chief Information Officer) Forum of the Banks. Thus, this event will be graced by IT Chiefs of Banks. So, it can be a great opportunity to grab the attention of IT Heads of the Indian Banking and Financial Sector. The sponsorship cost and benefits are as under:

Platinum Sponsor: Rs. 5 Lakhs

Benefits:

  • Exhibition space at the event
  • Maximum of three company-provided items in the conference registration kit
  • Organization’s Logo on the Call for Application for IBTIC 2018 (through mail, pamphlet and IDRBT Website) and IBTIC Banner
  • Six Free Passes to participate in IBTIC 2018.

Gold Sponsor: Rs. 2.5 Lakhs

Benefits:

  • Maximum of two company-provided items in the conference registration kit
  • Organization’s Logo at the Call for Application for IBTIC 2018 (through mail, pamphlet and IDRBT website) and IBTIC Banner
  • Five Free Passes to participate in IBTIC 2018.

Silver Sponsor: Rs. 1 Lakh

Benefits:

  • Organization’s Logo at the Call for Application for IBTIC 2018 (through mail, pamphlet and IDRBT website) and IBTIC Banner
  • Three Free Passes to participate in IBTIC 2018.

Venue

Institute for Development and Research in Banking Technology

Castle Hills, Road No.1, Masab Tank, Hyderabad - 500 057.
Telephone: +91 (40) 2329 4111
Fax: +91 (40) 2353 5157
Email: ibtic@idrbt.ac.in

Coordinators

Dr. Rajarshi Pal

Assistant Professor, IDRBT
Telephone: +91 (40) 2329 4032
Email: prajarshi@idrbt.ac.in

Dr. P. Syam Kumar

Assistant Professor, IDRBT
Telephone: +91 (40) 2329 4112
Email: psyamkumar@idrbt.ac.in