Agentic AI in BFSI Hackathon

About

Agentic AI in BFSI: Hackathon 2026 is a national hackathon by Perfios, one of India's largest SaaS TechFin companies serving over 1,000 financial institutions globally, in association with Techfest, IIT Bombay. Under the theme AI Native Applications for BFSI, teams prototype AI-backed systems that can perceive, reason, decide and act across real-world financial workflows. Participants pick one of two banking domains, Debt Collections or Fraud Detection & Prevention, and its problem statement, and are judged on the rigor of their technical plan in Round 1 and on a working prototype at the finals at Techfest, IIT Bombay, Asia's largest science and technology festival. No prior BFSI experience is needed.

Structure

• Eligibility: Open to all students with a valid ID from their educational institution. No prior BFSI experience is needed. Cross-institutional teams are encouraged.

• Team size: Maximum 4 members per team.

• The competition runs in two rounds, with Round 2 as an in-person prototype demo at Techfest, IIT Bombay.

• Domains & problems: Teams choose one domain and its problem statement.

• Theme 1, Debt Collections, has Problem 1: Paralinguistic State Detection from Voice, Not Transcript, where teams build an acoustic model that estimates borrower emotional state (arousal, valence, discrete states, commitment credibility) from speech alone, plus a decision layer that guarantees distressed borrowers are handed to a human and never pressured.

• Theme 2, Fraud Detection & Prevention, has Problem 2: Know Your Agent (KYA), where teams build a real-time system that detects whether a non-human agent is involved in a banking session, produces an explainable Agent Trust Score, and recommends allow, step-up authentication, hold, or block.

Round 1 - Ideation Round (Online Abstract)

Teams submit a 600-900 word abstract (plus an optional 1-page architecture diagram) covering the problem chosen, understanding of the challenge, proposed approach and agent architecture, how it maps to the Minimum Viable scope, stretch ambitions, expected impact, novelty, evaluation plan, responsible design (fairness, privacy, explainability, safety), and feasibility and risks. No code or prototype is required at this stage; only the Team Leader may submit, and multiple submissions are not accepted. Perfios evaluates submissions and shortlists the most promising ideas based on creativity, feasibility, and relevance.

Round 2 - Prototype & Demo (Finals)

Shortlisted…

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