American Express CodeStreet 2021 | Hackathon
Overview of American Express CodeStreet 2021
American Express is back with 3rd edition of CodeStreet’21- Amex’s flagship annual hackathon that provides coders an opportunity to showcase their technical skills by solving the latest tech riddles in the Fintech industry.
If you’re a code enthusiast and have great ideas to share, this is your call to participate in this tech-fest and gain recognition on a national platform. Let your ideas soar with wings.
Apart from the prizes up for grabs, our annual event offers a lot of learning and fun. Participants will get to interact with the who’s who of Amex’s technology team. We hope to see you and your team at the virtual event. So, don’t forget to register as soon as you’re done reading this!
Important Dates:
IDEA SUBMISSION PHASE
Starts on: Aug 13, 2021 12:00 AM IST
Ends On: Sep 05, 2021 11:59 PM IST
MENTORING AND PROTOTYPE PHASE
Starts on: Sep 24, 2021 12:00 AM IST
Ends on: Oct 08, 2021 11:59 PM IST
Eligibility to participate in American Express CodeStreet
- Students currently pursuing any technical degree from a recognized engineering college in India.
- Students passing out in 2022 & 2023 are eligible to take part in this event
After the idea phase, all the shortlisted teams will be mentored by the SME’s at American Express before the finale.
Note: Shortlisted team will be able to present their prototypes to the leadership team at American Express. Submit an idea now! Every team can submit multiple ideas.
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Theme for American Express CodeStreet 2021
Open banking: Identity on-demand
Open Banking provides an open-source platform of financial data, allowing existing financial institutions to share their data with emerging FinTech firms to develop new open banking APIs and technologies in the digital banking industry.
This results in more third-party access and hence, higher risk. But apart from the security concerns, having the ability to control and share your identity on-demand can solve many problems. Imagine opening a bank account with only your fingerprint or not having to carry your passport if you are a frequent traveller.
The possibilities are abundant. Put on your thinking hats and submit solutions that enhance digital banking experiences like faster innovation, personalized offers, and detailed customer insights, with Open Banking.
Cyber Security in financial services
Whenever cyber threats to the banking industry progress, the data security risk to financial institutions increases. These financial institutions are entrusted with huge data consisting of personally identifiable information of every customer and client. The high value of this data on the darknet makes this sector an attractive target for cybercriminals. Any data breach can severely impact overall financials, brand reputation, and customer loyalty.
Hence, we are looking for cybersecurity enthusiasts to build innovative and secured products that can help enhance financial services security by utilizing the latest cutting-edge technologies. Example :
- Build strategies to enhance financial services compliance
- Amplify the continuous monitoring and rapidly implement cyber-attack countermeasures with high accuracy
- A system that gives quick auto-response to threats that are persistent
- Tools that protect customer data from cybercriminals and secure valuable intellectual property
- Using AI/ML to identify suspicious transactions by combining strong identification and authentication methods
- Automated solution for banks to sift through large amounts of data in real-time
Monitoring Hotspots in Distributed Computing
The computing industry has embraced distributed computing that has enabled providing services for global customers at an unprecedented scale in the past few decades. This paradigm shift has, however, also introduced new challenges and patterns yet to be refined in terms of scalability, heterogeneity, security, failure management, etc. We welcome all technology enthusiasts to submit solutions for various challenges around distributed computing. Example :
- System monitoring is a crucial first step towards building a predictive analysis for system availability. Unless organizations can monitor the anomalies in the system, it’s hard to predict. In this area, we would like to monitor the buildup of hotspots in the tech stack, which can enable us to take proactive actions to prevent it from breaking.
- Build an approach where the system health and performance can be monitored to highlight the buildup of hotspots, which can then be tied to alerting and auto-scaling. You can assume Enterprise level systems with multiple data centers, global user distribution, and 24×7 usage.
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Prizes for the Winners of American Express CodeStreet
1st Position:
INR 75,000
- Full time/Internship opportunities with American Express!*
- Gift Hampers
*Selection process details to be shared subsequently.
2nd Position:
INR 50,000
- Full time/Internship opportunities with American Express!*
- Gift Hampers
*Selection process details to be shared subsequently.
3rd Position:
INR 30,000
- Full time/Internship opportunities with American Express!*
- Gift Hampers
*Selection process details to be shared subsequently.
About Company
About Company
American Express’ heritage was built on service and has been sustained by innovation. Through our evolution from an express mail business in 1850, to one of the world’s largest card issuers by purchasing volume and a digital innovator, we’ve never been afraid to explore new possibilities and embrace the changing marketplace.
From our high employee Satisfaction ratings to our many workplace awards, American Express is consistently recognized as a great place to work by people around the world. We offer talented individuals challenging work with purpose by embracing both innovation and tradition. As our company has grown and evolved, sometimes reinventing our business outright, we have never strayed from the customer-service ethos and values on which the company was built –trust, security, integrity, quality, good citizenship, respect, and customer commitment.
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