SSN students’ SaaS project to detect financial fraud wins IIT Hackathon

IIT Hackathon

IIT Hackathon

Students of Shiv Nadar University won the Encryptocon Hackathon, organized by Shaastra, IIT Madras, and Temenos for developing a practical solution to prevent banking fraud: a behavioral analytics SaaS system using machine learning (ML) for real-time fraud detection.

Out of 300 teams and 900 participants in the 24-hour challenge, seven SNU Chennai teams participated, with four making it to the top six. Team Krypton comprising 3rd year students at Shiv Nadar University Chennai, L Achintya, Adithya Vedhamani, K Lohith Saradhi and Vishwa Kumaresh, bagged the first place in the hackathon winning a Macbook Pro each. 

Prof. S. K. Bhattacharyya, Vice Chancellor, and Dr. T. Nagarajan, Head of the Department of Computer Science & Engineering, applauded the students for their accomplishment, emphasizing the university’s commitment to fostering a culture of innovation and practical problem-solving among its students, a release stated.

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