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New Delhi, November 7, 2023: South Indian Bank (SIB), in collaboration with
Enactus – Indian Institute of Technology (IIT), Delhi, proudly announced the winners
of its esteemed hackathon competition – SIB Finathon. SIB Finathon aligns with the
Bank’s commitment to fostering next-generation banking that encompasses
innovation and the adoption of cutting-edge technology.
The winners of the competition are Team Akatsuki from IIT, Delhi (First Prize – 3
lakhs), Team Hyperpersonalizers from IIT Roorkee (Second Prize – 2 lakhs), Team
Phantom from Coimbatore Institute of Technology (CIT) (Third Prize – 1 lakh). In
addition to this, two teams received special appreciation awards for their solutions.
The teams are Team DigiCrafters from Shri Vile Parle Kelavani Mandal’s Dwarkadas
J. Sanghvi College of Engineering (DJSCE) and Team AlgoAllies from Netaji Subhas
University of Technology (NSUT) who also received a cash prize of Rs. 25,000/-.
The SIB Finathon was conducted in two phases consisting of an online screening
and shortlisting round, followed by the grand finale, where participants worked on
three exciting coding challenges. The competition garnered applications from top
engineering colleges and IT companies nationwide. A panel of experts meticulously
reviewed the submissions, selecting 14 teams that rose to the top. These 14 teams
participated in a co-creation camp held at IIT Delhi on November 4th and 5th, 2023
and presented their innovative ideas and solutions, while receiving guidance and
mentoring from SIB, IIT Delhi’s faculty, and experts from Mindgate Solutions,
OneCard, and OSTTRA.
The grand finale hosted at IIT Delhi’s prestigious campus on November 4th and 5th,
2023, witnessed talented teams competing for a total cash prize of Rs. 6 lakhs.
SIB Finathon succeeded in showcasing innovative solutions to the challenges faced
in the finance industry.

Mr. Sony A, SGM and CIO, South Indian Bank said “SIB Finathon is a resounding
testament to South Indian Bank’s unwavering commitment to innovation and
cutting-edge technology in banking. It’s a dynamic platform where creative minds
shape the future of finance. We wholeheartedly congratulate the talented winners
who have exemplified excellence in thought & execution. With enthusiastic
participants, it reflects our mission to revolutionize banking for accessibility and
efficiency. We believe these engagements will leave a lasting impact on the way we
bank in the future. SIB Finathon goes beyond being just an event; it serves as a
powerful catalyst for innovation in the future of banking, where South Indian Bank’s
vision of ‘Trust Meets Tech’ takes centre stage, connecting with the millennials and
youth, shaping the future of banking in an engaging and transformative way”
Beyond the hackathon competition, SIB Finathon played host to a conclave that
featured illustrious speakers from the BFSI and tech domains. These luminaries
shared their invaluable insights and thoughts, fostering a profound exchange of
knowledge. The event featured enlightening and engaging panel discussions, and
abundant networking opportunities, ensuring an enriching experience for all
SIB Finathon represented an electrifying convergence of innovation, education, and
networking opportunities, a triumphant endeavour dedicated to propelling the
development of technology within the banking sector.
The top 14 teams which competed in the grand finale were as follows:

  1. Team Phantom from Coimbatore Institute of Technology (CIT)
  2. Team Investment Architects from IIT, Kharagpur
  3. Team FinX from Saintgits College of Engineering (SCE)
  4. Team 5G Only from IILM College of Engineering & Technology
  5. Team HelloWorld from Cochin University of Science and Technology
  6. Team Code Z from CUSAT
  7. Team Fintech from Indian Institute of Information Technology (IIIT),
  8. Team Innovate Invincibles from Amrita Vishwa Vidyapeetham (AVV)
  9. Team DigiCrafters from Shri Vile Parle Kelavani Mandal’s Dwarkadas J.
    Sanghvi College of Engineering (DJSCE)
  10. Team Onfocus Soft from Onfocus Software Pvt Limited
  11. Team Hyperpersonalizers from IIT Roorkee
  12. Team Technophiles from CUSAT
  13. Team AlgoAllies from Netaji Subhas University of Technology (NSUT)
  14. Team Akatsuki from IIT, Delhi
    About South Indian Bank
    South Indian Bank is a leading Kerala-based Private sector bank with a nationwide
    presence. The Bank’s shares are listed on The Stock Exchange Mumbai (BSE) and
    The National Stock Exchange of India Ltd., Mumbai (NSE). South Indian Bank has
    944 branches, 3 Ultra Small Branches, 3 Satellite Branches, 1180 ATMs and 130
    CRMs across India and a representative office in Dubai, UAE. South Indian Bank is a
    pioneer in technology-based banking, offering an array of digital products and
    services. It has one of the youngest workforces in the banking sector in the
    country. The Bank’s Vision 2025 focuses on the 6 Cs — Capital, CASA, Cost-to-
    Income, Competency Building, Customer Focus, and Compliance. For more
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