Three students from the College of Engineering in Pune were awarded Rs 3 lakh for winning ‘HackD 2016’ – Hackathon organized by US headquartered Envestnet, a statement said on Friday. According to an Envestnet India statement here, Jay Lohokare, Reshul Dani and Ajit Rajurkar won the contest for their innovative technology solution they created for the finance sector. “The winners developed an innovative personalized credit scoring system based on alternative and inclusive scoring mechanisms like bill payment and social media scores, divulging from the traditional credit scoring models that may limit financial inclusion,” said the statement. Also Read - Facebook for Android will soon get dark mode and coronavirus tracking featureAlso Read - Scientists develop soft contact lens that can zoom with a blink
Engineering students from 10 Indian colleges and universities had participated in the hackathon. This event was held as part of the second edition of the Architecting Intelligence Conference. In an interesting keynote address, noted futurist and CEO of The Futures Agency Gerd Leonhard said humanity will change more in the next 20 years than in the previous 300 years. “Understanding how to leverage technology will be critical for successful companies in the future,” said the expert.
Envestnet Inc. is a leading provider of unified wealth management technology and services to financial enterprises and advisors and has been here in the capital city since 2004 with a centre in Bangalore too. In the past 15 months its staff increased from 500 to 1,800. ALSO READ: Adobe s CodHERS 2016 , first ever hackathon for women to be held on November 12