The winners of the contest will be awarded with Rs 500,000 as Cash Prizes and an opportunity to further develop their idea / solutions along with FSS.
Hosted by FSS in association with NASSCOM and TiE, Chennai, the contest is aimed at fostering innovative and disruptive ideas from Developers, Entrepreneurs, Banking and Finance Industry Professionals and Students to simplify payments and go cashless.
The participants enrolled in this online contest, will compete to provide innovative ideas and solutions demonstrating their coding and design skills, to address the existing payment challenges.
Participants will be given multiple themes like Internet of Things (IoT), Smart Cities, Mobility, Cloud Payments, BoT / AI, Blockchain, Cash / Cardless World – all focusing on driving innovation in payments that will enhance customer experience and encourage them to go cashless.
The contest will be available online for 12 weeks during which, winning ideas would be chosen and the teams will be mentored by a panel of payments technology experts to better their ideas / solutions.
At the end of12 weeks, top 10 finalists would be invited to present their ideas to an eminent jury at a Grand Finale event held that will be held at Chennai.
Explaining about the contest, Suresh Rajagopalan, President – Software Products, FSS said, “As the leading payments technology provider to Banks and Financial Institutions across the globe, we are constantly working towards solving existing payments challenges faced by our clients.
“We have launched this unique contest with Payments as the focus and have thrown it open for both tech and non-tech teams, so that we get innovative and disruptive ideas from fresh young thinkers and domain experts.”
“We encourage anyone and everyone who has a smart idea / solution to participate for creating next generation Payments.”