20 August 2015 14:06:30 IST

IDRBT to organise first of its kind contest in banking apps

Competition for anyone younger than 25 or students

If you can combine technology expertise with innovation in banking applications, here is an opportunity to get recognised.

The Institute for Development and Research in Banking Technology (IDRBT), an arm of Reserve Bank of India (RBI), is conducting a first of its kind national competition to develop ‘apps’ for banking and financial sector.

Christened as IDRBT Banking Application Contest (IBAC), the contest will be held in March 2016 at IDRBT premises here.

“The popularity of “apps”, or “application software”, has grown tremendously in the recent years as they facilitate mobility of the user. The competition is designed to enable development of application software to facilitate banking operations in the three broad areas of customers, managing business and managing technology,’’ the institute said in a release issued here on Thursday.

Those who wish to participate will have to register as a team of three members. All members must be 25 years or younger or have proof of being students affiliated to a recognised educational institution . Bank employees within the prescribed age limit can also try their luck.

The last date for registration for the IDRBT Banking Application Contest (IBAC) is August 31, 2015.