Money & Banking

ICICI Bank launches virtual mobile app development challenge

Internet Desk Chennai | Updated on January 19, 2018 Published on February 17, 2016


Aims to attract developers, tech companies, start-ups to create next generation of banking apps on mobile

ICICI Bank has launched a virtual mobile app development challenge, 'ICICI Appathon', to attract developers, technology companies, start-ups, technopreneurs and students to create the next generation of banking applications on mobile.

According to an official statement, the Appathon will be hosted on the IBM Bluemix cloud-based platform. It will offer over 50 APIs (Application Programme Interface) from ICICI Bank and its group companies namely ICICI Prudential Life Insurance, ICICI Lombard General Insurance and ICICI Securities. As a first, payment APIs from 'Visa' and the 'Unified Payment Interface' API from NPCI will also be available for the app development challenge. Visa and NPCI are the partners of the Appathon.

Using these APIs, participants will have to create innovative working prototypes of mobile applications that provide a superior customer experience.

The statement quoting Chanda Kochhar, MD & CEO, ICICI Bank said, “ICICI Appathon will allow us to foster innovation and tap into the minds of the most innovative developers. With India being among the top three Internet users in the world, mobile banking is witnessing an exponential growth. It is also bringing about a shift in consumer preference wherein they want innovative solutions on the go. Through the ICICI Appathon, we want to broad-base and leverage on the innovative ideas and the talent in our developers, technopreneurs and technology start-ups. We believe such programmes will encourage young developers to create world-class banking applications on mobile and will strengthen the Government's 'Digital India' mission. We hope to get ideas for some exceptional apps at the end of this development challenge.”

Freelance developers, technology enthusiasts working in companies, start-ups and students from the technology space can participate in the Appathon in the following way:

Registration: Participants can register on from February 16 to March 1, 2016. The names of the shortlisted candidates will be announced on March 4, 2016. They will be given access to the APIs hosted on the IBM Bluemix platform on March 5, 2016

Development: Participants will have to create minimum one innovative working prototype using the virtual banking and financial services APIs. These need to be submitted by March 27, 2016

Evaluation: Finalists will be announced on April 7, 2016. They will be invited to the ICICI Bank headquarters in Mumbai to compete in the Grand Finale in mid of April 2016

Three ICICI Appathon champions will be selected by a jury of eminent leaders from the BFSI segment and start-ups. All participants will be judged on five criteria, namely, uniqueness, functionality, business potential, user experience and scalability.

The top three winners will be given prizes from a pool of over Rs 20 lakh along with a potential engagement opportunity with ICICI Bank. They will also have the chance to be mentored by the event partners. Additionally, winners of the Appathon who apply to the '10,000 Startups' of Nasscom will get fast-tracked entry into it. Two members of the winning team will also have access to the network and co-working community of 91springboard (a co-working community of freelancers, start-ups and established small to large businesses) across India.

Technical queries on the ICICI Appathon can be directed to [email protected] Candidates can also contact the support team on:+91-80-495-36-832

Published on February 17, 2016
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