ICICI bank on Tuesday has announced the ‘ICICI Appathon’ which is a virtual mobile app development challenge. The event dares the brightest minds of India’s developer community to come up with the next generation of banking applications on mobile with their disruptive ideas and solutions.
The #ICICIAppathon is open for developers, technology companies, startups, technopreneurs and students who are innovation-driven and has a penchant for developing cool killer app.
On the technical side, the Appathon would be an virtual event and is hosted on IBM Bluemix cloud based platform and alongside ICIC’s own API’s the developers can also access API’s from Visa and NPCI.
Over 50 APIs from ICICI Bank and its group companies namely ICICI Prudential Life Insurance, ICICI Lombard General Insurance and ICICI Securities. Payment APIs from ‘Visa’ and the ‘Unified Payment Interface’ API from NPCI will also be available for the challenge. Using these APIs, the participants are expected to create innovative, user-friendly customer-centric working prototypes of mobile applications that enhances the user experience of banking on their fingertips.
So if you think you can hack away the old process and innovate new ideas, you can register at www.iciciappathon.com from February 16 to March 1,2016. The names of the shortlisted candidates will be announced on March 4, 2016. The selected candidates will be given access to the APIs hosted on the IBM Bluemix platform on March 5, 2016.
By March 27, the participants need to submit their working prototype using the virtual banking and financial services APIs. A participant can create more than one apps.
Three winners will be shortlisted by a team of eminent jury from finance and startup ecosystem after evaluating the submitted prototypes on five criteria that include uniqueness, functionality, business potential, user experience and scalability.
After the evaluation, the finalists will be announced on April 7, 2016. The Grand finale will be held at the ICICI Bank Headquarters in Mumbai in mid of April 2016.
The top three winners will win prizes from a pool of over Rs 20 lakh along with a potential engagement opportunity with ICICI Bank. The winner takes home Rs 10 lakhs, the first runner up nets 7.5 lakhs and the third price gets a reward of Rs 5 Lakhs from ICICI. There are also additional rewards from the program partners and IBM cloud along with other opportunities. They will also be given a chance to be mentored by the event partners. Additionally, winners of the ‘ICICI Appathon’, who apply to the ‘10,000 Startups’ of NASSCOM will get a fast tracked entry into it. Two members of the winning team shall also have access to the network and co-working community of 91springboard across India.