Kotak Reign Challenge 2021 | Hackathon

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Overview of Kotak REIGN – REImaGiNe the way we bank

Kotak Reign Challenge 2021: Kotak Mahindra Bank is one of India’s leading banking and financial services groups, offering a wide range of financial services that encompass every sphere of life. The explosion of digital media has changed the way customers live and bank. We’re not just adapting to this change but anticipating it and staying one step ahead. It all begins with our people and with a work culture designed for new-age banking.

With REIGN, we invite students to REImaGiNe the way we bank! We aim to bring the best student minds in India together and identify ideas and solutions that reimagine banking to create a rewarding and delightful experience every day for our customers. Spanning across two stages, the competition requires students to build a prototype of the Idea/solution on any one of the five problem tracks. 

You stand an opportunity to work on industry redefining problems, meet seasoned professionals and thought leaders, and a chance to win attractive prizes! 

Kotak REIGN Challenge: Stages and Timelines

Stage 1: Idea Submission Round

Teams need to submit a pitch deck with a maximum of 5 slides along with a 2-minute idea-pitch video by focusing on any one of the five available tracks.

  • 11 Nov’21 09:00 AM IST – 27 Nov’21 06:00 AM IST

Participants have to address any one of the following tracks, a detailed description of which can be accessed after registering for the opportunity!

> Track 1: Reimagine banking with conversational AI

Conversational AI has the power to extend beyond the typical inbound customer service scenarios to engage across multiple touchpoints across the customer’s lifecycle, transcending traditional functional silos. Can you reimagine banking using Conversational AI?

> Track 2: Reimagine the bank’s user dashboard for next-gen

This generation, characterized as digital natives, has new expectations of social media integrations and deeply unique experiences. Can you reimagine the perfect user dashboard for the Next-Gen? 

> Track 3: Reimagine personal financial management for mobile

As people switch to proactive measures to improve their financial lives from saving to spending, can you innovate a way to help make a budget, invest, and buy stocks and reimagine banking for Personal Finance Management?

> Track 4: Reimagine how we can use voice as a feature for banking

Voice banking is poised to have a significant impact on the future of banking with companies big and small competing, old and new, competing to attract and retain customers within their voice-powered ecosystems. Can you reimagine voice features for personal banking in this age?

> Track 5: Reimagine payment gateway & payment pages

As online payments are becoming more and more popular means of transaction in today’s time, online payment gateways have become increasingly important. How can you reimagine payment pages and ensure that customers using this technology have a seamless customer experience?

Stage 2: Virtual Grand Finale

Top teams with the best idea will be shortlisted. These teams will meet the jury, defend their submission and share details on how the submission was conceptualized, how it would work, and the problems that it would solve.

  • 10 Dec’21 10:00 AM IST – 10 Dec’21 04:00 PM IST

Eligibility for Kotak Reign Challenge

  • Open to 3rd/4th year (B.E/B.Tech) and 4th/5th year Integrated/ Dual Degree engineering students across all Indian engineering colleges.

Team Rules

  • Students can participate in teams of up to 3 members.
  • Students from different engineering colleges can also form a team.
  • A student cannot be a member of more than one team.
  • All the team members are required to verify and confirm their details to form a team.
  • Each team can submit a single solution and address only one problem track.
  • Participants are expected to come up with new, original and innovative ideas. Plagiarised ideas will be disqualified.
  • Your solution must be developed entirely during the Hackathon duration. You may use open source libraries and other freely available developer tools.
  • The Intellectual Property (IP) rights in the content(s) of the submitted entries and related tool/ process/ software shall be assigned to Kotak Mahindra Bank Limited. Kotak Mahindra Bank Limited shall reserve the right to use the submitted entries for further commercial or non-commercial purposes.

Important Dates for Kotak REIGN – REImaGiNe the way we bank

Registration Deadline 22 Nov’21 11:59 PM IST
Idea Submission Deadline 27 Nov’21 06:00 AM IST
Grand Finale December 10th, 2021

Rewards & Prizes

  • Winners of each track: Rs. 1,00,000
  • 1st Runners-Up of each track: Rs. 50,000
  • 2nd Runners-Up of each track: Rs. 25,000

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How to apply for Kotak REIGN Challenge 2021 ?

Click here to apply for Kotak Reign Challenge

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