Reserve Bank of India Announces 2nd Global Hackathon “HARBINGER 2023”

• The Reserve Bank announced its second global hackathon – ‘HARBINGER 2023 – Innovation for Transformation’ with the theme ‘Inclusive Digital Services’.
• It has received 363 proposals submitted by teams from within India and from 22 other countries including the US, UK, Sweden, Singapore, Philippines, and Israel.

The RBI has invited innovative ideas in four segments:

• ‘Innovative, easy-to-use, digital banking services for differently-abled (Divyaang);
• RegTech solutions to facilitate more efficient compliance by Regulated Entities (REs)’;
• Exploring use cases/solutions for CBDC-Retail transactions, including transactions in offline mode’;
• ‘Increasing Transactions Per Second (TPS)/ throughput and scalability of blockchains’.