Protean Launches its 1st Global Hackathon on Account Aggregator
6 min read
With the purpose to assist speed up the monetary inclusion agenda for India & Bharat, to resolve for greater than 160 Million Indians who’re credit score underserved, based on a current TransUnion Study
Winners get alternative to take part and community on the prestigious Singapore Fintech Festival
Winners to be judged by outstanding business leaders – Rajesh Bansal (Reserve Bank Innovation Hub), Abhishek Singh (NeGD), T Koshy (ONDC), Nitin Chugh (SBI), Suresh Sethi (Protean), constituting the grand jury
Protean eGov Technologies (Protean), a pioneer and market chief in common, citizen-centric and population-scale e-governance options, at the moment introduced the launch of its 1st Global Hackathon – Account Aggregator 2.0 on the prestigious Global Fintech Fest 2023, held in Mumbai.
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Protean launches its 1st Global Hackathon on Account Aggregator
The main aim to launch this Global hackathon is to name for entries from the world’s greatest artistic minds, together with builders, structure designers, startups, entrepreneurs, and business consultants, to collaborate on ground-breaking options that may speed up the adoption of the Account Aggregator ecosystem, serving to it obtain its potential as a transformative Digital Public Infrastructure (DPI) that India will get to supply to the world.
Esteemed business professionals – Rajesh Bansal (CEO, Reserve Bank Innovation Hub), Abhishek Singh (President & CEO – National e-Governance Division), T Koshy (CEO, Open Network for Digital Commerce), Nitin Chugh (Deputy Managing Director and Head of Digital Banking and Transformation, State Bank of India) and Suresh Sethi (MD & CEO, Protean eGov Technologies) represent the Grand Jury and lend experience and credibility to this initiative.
Winners from every of the 4 themes of the hackathon will obtain an unique alternative to take part and community on the prestigious Singapore Fintech Festival in November this yr.
This world hackathon launch coincides with the go-live of Protean’s Account Aggregator companies (Protean SurakshAA) lately, with India’s main FIPs and FIUs. Protean SurakshAA is the very best rated account aggregator app in India on the Google and Apple appstores at the moment.
Suresh Sethi, Managing Director and CEO, Protean eGov Technologies mentioned, “We are thrilled to launch Protean’s 1st Global Hackathon – Account Aggregator 2.0 to drive adoption and foster innovation at population-scale. With this launch we hope to convey collectively business’s consultants & the startup ecosystem collectively to assist usher an period of information democracy. The AA framework is a first-of-its-kind consent framework empowering a person with management over his or her knowledge, and the flexibility to securely share the identical for availing numerous monetary companies. Protean has been on the forefront of making Digital Public Infrastructure for India for 28 years and we proceed to remain commited to our mission of economic & social inclusion.”
India faces a pronounced deficiency in capital accessibility throughout numerous sectors of society. Research carried out by TransUnion CIBIL in 2021 revealed that lower than 22% of the grownup inhabitants had entry to credit score companies within the nation. Despite substantial progress in enhancing monetary inclusion by means of the JAM (Jan Dhan, Aadhaar, and Mobile) initiative, securing formal credit score for rural and low-income households stays a formidable impediment.
Protean’s Global Hackathon – Account Aggregator 2.0 is poised to sort out a spread of vital challenges and alternatives within the monetary panorama. It will focus on creating reasonably priced Financial Health Management options, enabling people from numerous segments of society to entry and handle their monetary well-being with out incurring exorbitant prices. It additionally goals to boost the effectivity of delivering authorities schemes by leveraging the capabilities of the Account Aggregator ecosystem, making certain that eligible beneficiaries obtain their entitlements seamlessly. Moreover, the initiative endeavours to revolutionize credit score evaluation by means of the creation of extra correct and predictive credit score scoring fashions and threat indicators, thus contributing to sounder monetary decision-making.
Protean is delighted to accomplice with the APIX hackathon platform for this hackathon, which is an end-to-end on-line platform for Global Hackathons.
For additional details about the hackathon, together with participation particulars and pointers, please go to:
hackolosseum.apixplatform.com/h1/proteansurakshaa
About Protean
Protean eGov Technologies Limited (beforehand NSDL e-Governance Infrastructure Limited) is a pioneer and Market chief in common, citizen centric and inhabitants scale e-governance options since its inception 28 years in the past.
Digital Public Infrastructure – Protean has been instrumental for modernising the direct Tax Infrastructure ushering in on-line fee and assortment of taxes by the federal government and incubated and applied the Tax Information Network (TIN), which brings collectively 68,000+ facilitation centres (PAN and TIN). Protean conceptualized designed and applied the infrastructure for Central Record-keeping Agency and features because the central recordkeeping company for National Pension System & Atal Pension Yojna.
Regulatory Tech – ‘Protean’s authentication companies (eKYC, Aadhar Authentication, eSign) permits governments, companies, startups and builders to utilise a singular digital infrastructure for his or her digital buyer journeys. Protean additionally lately launched its Account Aggregator companies by means of ‘Protean ‘SurakshAA‘ – a person consent led monetary knowledge sharing Account Aggregator platform enabling them with credit score companies.
Open Networks / ‘ODE’s – Protean is contributing to and supporting open digital constructing blocks, together with Open Network For Digital Commerce (“ONDC“), accelerating commerce for the community members and fee gateways by means of its product. It can be credited with constructing community for company scholarship, grants and schooling loans by means of Protean Vidyasaarathi & Vidya Lakshmi.
It lately ventured into India-focussed Protean Cloud Services an AI-powered non-public cloud providing for enterprise enterprises and Protean InfoSec Services Limited offers companies in areas regarding cyber safety consulting, advisory, and evaluation companies within the area of IT safety.
Disclaimer
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