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Canara Bank unveils Data and Analytics Centre in Bengaluru
Canara Bank

Canara Bank unveils Data and Analytics Centre in Bengaluru

| @indiablooms | 03 Jan 2024, 12:44 am

Public sector lender Canara Bank has opened its new Data and Analytics Centre (DnA) in Bengaluru city.

K. Satyanarayana Raju, MD&CEO of the Bank, said, "We have been at the forefront when it comes to leveraging Analytics for improving customer experience and operations. By establishing this facility, we consolidate our position and embrace a future of data-driven banking. AI is reshaping our lives in unprecedented ways and we are committed to adopting to spur Business growth, while ensuring data privacy and security. The world is exciting with the ethical use of AI, and we are right there."

The Bank also held the final of its DACOETHON – Data Analytics Centre of Excellence Hackathon, where finalists from across the country competed over themes of customer experience, fraud prevention and default prediction.

The teams presented their prototypes which were evaluated by a technical jury.

The winners were awarded cash incentives.

The Canara Bank hackathon event, (DACOE-THON), was held from October 20 to Nove 5. 

Among the participants, 256 innovative ideas were selected to advance to the next phase.

From November 13 to 30, 24 prototypes emerged as standout solutions, paving the way for the subsequent presentations.

On December 5, 11 prototypes showcased their potential, leading to the selection of 5 finalists for the ultimate event.

Finally, on January 1, 2024, these top 5 contenders delivered presentations at the hackathon finale.



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