Telangana AI Mission and Wells Fargo launch Academic Grand Challenge

Aimed at scouting talented student teams that will provide innovative and viable solutions using emerging technologies like Artificial Intelligence (AI) to assist Wells Fargo and Telangana AI mission launch the academic grand challenge for students.

The winning student teams will be awarded a combined prize of Rs 5 lakhs.

It is being supported by the Government of Telangana and NASSCOM.

In this challenge, student teams from India are expected to build solutions for two areas. One involves building a futuristic, pure digital bank that integrates modern technologies to enable banking wherever and whenever. The other requires building a predictive analytics model to estimate financial markets performance during this year.

This challenge is open to all student innovators in the country. The challenge is now open for registration.

Student teams will be selected based on their approach note, and the shortlisted teams will get eight weeks to present a Proof of Concept. The submissions will be judged based on approach, technique, and result.

Shri. Jayesh Ranjan, Principal Secretary, Government of Telangana, said, “it is highly encouraging to see the private industry encourage the young talent through this initiative. Modern technologies, including Artificial Intelligence, have the innate ability to transform various sectors including banking.”

Arindam Banerrji, EVP & Managing Director, Wells Fargo India & Philippines, said, “Students are one of our best sources of original ideas. As an organization that looks to engage early talent for customer-centric ideas and innovations, we hope that the Academic Grand Challenge will give students an opportunity to use their fresh, out-of-the-box thinking to create innovative solutions that align with Wells Fargo’s focus to be a digital-first bank offering customers easier-to-use products and services”.

The deadline to submit approach notes for the challenge is September 16, 2022. The winner will be announced in the month of November 2022.

About T-AIM: The Telangana AI Mission is a specialised initiative setup under the auspices of the Emerging Technologies Wing of the Government of Telangana’s IT department, which is assigned with a mandate to make Telangana and Hyderabad the global AI hub in the coming years. For details, visit:

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