Question: NITI Aayog announced, in association of with which of the following, will host the first-ever open-to-all hackathon?
a) Google Pay
b) PhonePe
c) Airtel Payments Bank
d) None of these
Answer: (b)
Related Facts:-
- On 17 February 2022; NITI Aayog announced, that it will host the first-ever open-to-all hackathon.
- It will be hosted in association with PhonePe a Leading digital payments platform.
- The hackathon aims to showcase path-breaking solutions for the fintech ecosystem.
- The Hackathon will provide an opportunity for innovators, digital creators and developers from all over India to think, ideate and code.
- Winning teams stand to win exciting cash prizes worth Rs 5 lakhs, the platform said in a statement.
- Participants at the hackathon need to use any open-data APIs like PhonePe Pulse along with frameworks such as Account Aggregator.
- It can be used as a foundation to power the use cases, such as alternate risk models in following cases—
- In lending, insurance or investments with a focus on financial inclusion;
- Innovative products that use the power data signals for various demographics and geos for broader adoption of financial services;
- Improved visualisation and derived intelligence based on the digital payments data.
By – Rajesh Tripathi