Saturday, Apr 20 2024 | Time 01:09 Hrs(IST)
image
Business EconomyPosted at: Mar 15 2023 7:48PM


Fibe organizes ‘Hack the Vibe’ – Hackathon focusing on Machine Learning ModelTech engineers to develop behavioral models on the real-life problem statement

Pune, Mar 15 (UNI) Fibe, India's leading personal loan app has organized a hackathon on India’s leading managed hackathon provider, HackerEarth, in association with the Indian Institute of Technology Bombay and the Narsee Monjee Institute of Management Studies, Mumbai. It is an online competition for a high-tech crowd comprising students and professionals in data science, machine learning, software development, and application development from across the nation.
‘Hack the Vibe’ where participants use historical loan repayment behavior patterns and transactional data to build a robust model that will assist the organization in making informed decisions about extending credit to combat losses beforehand. With the new tech talents and digitally savvy individuals, the company will be able to create this model which can help in increasing its revenue and in critical situations to prevent a financial crisis, said a press release today.
Participants are expected to demonstrate their expertise in data analysis and machine learning (ML) to assist the authorities in streamlining decision-making and the daily challenges faced by any financial institution that offers credit line facilities. Model-based on a real-life problem statement (mentioned in the themes section) faced by every Financial Institute that provides a Credit Line facility.
Feeling highly excited about organizing such an Analytics event, Mr. Balakrishnan Narayanan, Director – Product and Analytics at Fibe, said, “This hackathon will be an excellent opportunity to bring great analytics minds together to solve a major challenge in the lending business. We expect the young minds to bring out various AI/ML-based models to solve the behavioral pattern of credit seekers and thereby help lending organizations to minimize loss due to repayment issues.”
On this occasion, Mr. Vineet Khandelwal, Director of Customer Success at HackerEarth said, “We are glad of the opportunity to have partnered with Fibe and provide an online platform for students to showcase their data science and ML skills. Fintech is one of the fastest-growing domains in Indian tech, and it's good to see enthusiastic participation among the student crowd for these in-demand skills", release added.
Eligibility Criteria, Since the entire process is online, there is no fee for registration. However, all participants must be between the age of 20 years and 35 years.
The winners will get enticing cash prizes, with the top three placings receiving INR 50,000 for the first place, INR 30,000 for the second place and INR 20,000 for the third place respectively. The fourth to tenth-place finishers will also get a consolation award for participation, said release.
UNI SP GNK
Please log in to get detailed story.
Tags: #Fibe organizes ‘Hack the Vibe’ – Hackathon focusing on Machine Learning ModelTech engineers to develop behavioral models on the real-life problem statement
More News

"CSIR-IICT and BHEL partners to advance clean fuel technology: MoU signed on CO2 to DME"

19 Apr 2024 | 7:23 PM

Hyderabad, April 19 (UNI) The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) and Bharat Heavy Electricals Limited (BHEL) Corporate R&D have forged a partnership to develop technology for capturing and converting carbon dioxide (CO2) to Dimethyl Ether (DME) through direct catalytic conversion.

see more..

Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

19 Apr 2024 | 6:41 PM

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

see more..
Sensex recovers 600 points on heavy buying on last day of week

Sensex recovers 600 points on heavy buying on last day of week

19 Apr 2024 | 5:34 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 points to close at 73088.33 on expectation of minimal escalation of tension between Israel and Iran.

see more..

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..
Rupee up 8 paise against USD

Rupee up 8 paise against USD

19 Apr 2024 | 5:05 PM

Mumbai, April 19 (UNI) The Rupee on Friday ended positive at 83.47, rising 8 paise against the USD on selling US Dollar by bankers and exporters, dealers at the Foreign exchange said.

see more..
image