Hackathon on CSR generates fintech, healthcare solutions

A 24-hour hackathon on corporate social responsibility (CSR) here saw engineering students from 10 colleges and universities create technology tools to help foster greater financial inclusion and improve healthcare.

‘Hack’D 2016’ was held here as part of Envestnet India’s second annual “Architecting Intelligence” conference for software architects, bankers, and financial advisors.

Envestnet India works with technology centres in Silicon Valley and Seattle.

At the hackathon, Jay Lohokare, Reshul Dani, and Ajit Rajurkar from the College of Engineering, Pune, were chosen winners for their financial technology solution and received an award of ₹3 lakh.

The team developed a personalised credit scoring system based on alternative and more inclusive scoring mechanisms such as bill payment scores and social media scores that went beyond the scope of traditional credit scoring models which may limit financial inclusion.

Kousik Satish, Sam Radhakrishnan, Harshavardhan, and Sujith Rengan, from the National Institute of Technology, Tiruchirappalli, were chosen as runners-up for solution in healthcare and received an award of ₹1 lakh.

The team developed a medical recording system which inputs diagnostic data from different regions and leverage machine learning algorithms to predict outbreak of epidemics, while also ensuring supply of preventive medication in the affected regions.

A special award of ₹40,000 was given to Kiran Mohan, Akhil Ramesh, Mrinal Krishnan and Niraj Nirmal of the Mar Baselios College of Engineering and Technology, Thiruvananthapuram, for a technology solution in support of a noble cause in healthcare.

The team developed a web-based application with in-built screening which would serve as a primary evaluation tool for children with dyslexia.

It would help parents, teachers and related stakeholders such as schools, hospitals and social organisations identify early on and in private, the signs of dyslexia in children and ensure appropriate intervention.

“Students displayed conviction and enthusiasm as they participated in ‘Code For A Cause’to develop scalable technology solutions for identified social causes,” said Anilal Ravi, Executive vie-President and Senior Managing Director, Engineering at Envestnet India.

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