Reserve Bank of India Announces 2nd Global Hackathon “HARBINGER 2023”

The Reserve Bank of India (RBI) has announced its second global hackathon, "HARBINGER 2023 - Innovation for Transformation," primarily centered around 'Inclusive Digital Services.' The hackathon accepts registrations starting February 22, 2023. There were 363 submissions from teams in India and 22 other countries, including the US, UK, Sweden, Singapore, Philippines, and Israel. Its significance lies in inviting Fintechs to devise solutions for more inclusive digital financial services, aiding efficient compliance, extending the reach of Central Bank Digital Currencies, and boosting the scalability of blockchains. RBI has categorized the ideas into four segments for convenience. Notably, the winner and the runner-up of the hackathon will be rewarded with Rs 40 lakh and Rs 20 lakh, respectively.

Important points to remember:

  1. The RBI has started the 2nd Global Hackathon dubbed "HARBINGER 2023."
  2. The theme of the event is "Inclusive Digital Services."
  3. The hackathon focuses on creating intricate solutions for differently-abled individuals, facilitating compliance, extending usage of Central Bank Digital Currencies, and enhancing blockchain scalability.
  4. The RBI calls for innovative ideas in four different segments.
  5. Winners and runners-up receive cash prizes.