iDEA 2.0: India’s Premier FinTech Hackathon by Union Bank of India

Innovation in banking and financial technology is growing rapidly, and hackathons have become powerful platforms for discovering the next generation of innovators. iDEA 2.0, organized by Union Bank of India, is one of India’s most exciting hackathons designed to bring together talented engineering students to solve real-world challenges in banking.

With a ₹13 lakh prize pool, participation from 350+ teams, and an opportunity to showcase innovations at the prestigious Global FinTech Fest, iDEA 2.0 offers students a chance to transform their ideas into impactful fintech solutions.

What is iDEA 2.0?

iDEA 2.0 is a national-level hackathon focused on building production-ready fintech solutions for real banking challenges. The initiative aims to encourage students to think beyond theory and create practical technology that can improve banking services, financial accessibility, and digital innovation.

Participants will collaborate, develop prototypes, and compete against some of the brightest minds from top engineering institutions across India.

iDEA 2.0 is open to all engineering students from across India. Teams must consist of 3-4 members from the same college. Whether you're in your first year or final year, if you're passionate about building production-ready fintech solutions and solving real-world banking challenges, you're welcome to participate.

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Mission of the Hackathon

The primary mission of iDEA 2.0 is to empower the next generation of tech-driven finance innovators. By providing a competitive and collaborative platform, the hackathon encourages students to:

• Build real-world fintech solutions

• Apply technical and analytical skills

• Work on banking innovation

• Develop production-ready technology

This initiative bridges the gap between academic learning and real industry challenges.

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A Thriving Innovation Community

The hackathon will bring together a strong community of innovators and problem-solvers.

Key highlights include:

• 350+ participating teams

• Students from top engineering colleges across India

• Collaborative learning and innovation environment

• Opportunities to interact with mentors and fintech experts

Participants will work alongside peers who share the same passion for technology and financial innovation.

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Industry Recognition

Winning teams will receive a unique opportunity to present their innovations at Global FinTech Fest, one of the largest fintech gatherings in the world.

This exposure allows participants to:

• Connect with industry leaders

• Present their solutions to investors and fintech experts

• Gain national and global visibility

• Explore career opportunities in fintech

For many students, this can become a stepping stone toward launching startups or securing jobs in the financial technology sector.

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Prize Pool and Rewards

The hackathon offers an impressive total prize pool of ₹13,00,000, along with mentorship and internship opportunities.

Main Prizes

• 🥇 Winner: ₹5,00,000

• 🥈 1st Runner-Up: ₹3,00,000

• 🥉 2nd Runner-Up: ₹2,00,000

• 🎖 Consolation Prize: ₹1,00,000

Special Category Awards

• All-Women Team: ₹1,00,000

• PwD Team: ₹1,00,000

Apart from cash prizes, participants may also receive:

• Mentorship from fintech experts

• Internship opportunities

• Industry exposure

• Networking opportunities

Important Dates

Participants should keep track of the key timeline for the competition.

📅 Registration Opens: Team formation begins
📅 March 22: Registration closes & idea submission deadline
📅 Screening & Evaluation: Entries reviewed by expert jury
📅 Shortlisted Teams Announcement: Teams move to prototype development
📅 Phase 2 & 3: Detailed schedule to be announced
📅 Phase 4 – Grand Finale: Final hackathon event (dates to be announced)

The Grand Finale will be an intense 24-hour hackathon, where finalists will develop and present their solutions.

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