Formidium successfully hosted a 2-day Hackathon this past weekend, bringing together over 25 teams of developers, designers, and innovators from Jaipur and beyond.

The Hackathon fostered collaboration, creativity, and problem-solving among participants. With a positive and enthusiastic atmosphere, participants worked tirelessly, presenting ideas that highlighted the potential of young professionals and students in the tech industry.

Three winning teams were selected, with the grand prize awarded to the team "Debug Thugs" for their outstanding project. Their innovative solution stood out among many impressive entries, showcasing the incredible talent at the event.

“With so many teams and great ideas, the competition was fierce yet friendly. Picking just three winners was challenging because the teams delivered so well. Ultimately, we relied on our criteria of solution-focused, feasibility, tech-prowess, and presentation skills to pick our winners,” said Rakesh Kumar, Chief Technology Officer of Formidium.

This year's theme, "Solving Problems through the Power of Blockchain & AI," inspired diverse and creative solutions. The event provided a platform for showcasing talent and allowed Formidium to identify promising young tech professionals set to shape various industries' futures.

Winners took home prizes of INR 100,000 for first place, INR 75,000 for second, and INR 50,000 for third. More than just monetary rewards, the Hackathon introduced Formidium to a pool of young talent, enhancing future collaboration opportunities.

“Jaipur is rapidly emerging as a hub for tech innovation, particularly in finance and blockchain technology. The energy and creativity we witnessed at this Hackathon are testaments to the immense potential of our young professionals. At Formidium, we are committed to nurturing this talent and driving the integration of finance and technology to create groundbreaking solutions,” said Manish Agarwal, Co-Founder and Chief Solutions Officer of Formidium.

Building on this Hackathon's success, Formidium is finalizing its next major event – Seamless Blockchain at Rajasthan International Center, Jhalana. The event takes place starting at 9:30 on Friday, June 29th. This event will gather brilliant minds to discuss blockchain's virtues and values in the global financial landscape. Limited space is available, but there's still time to RSVP. Formidium looks forward to another inspiring and thought-provoking event.

For more information about Formidium and our upcoming events, please visit Formidium.com or contact: info@formidium.com

About Formidium:
Formidium is redefining fund administration for the modern era worldwide. With offices in India, Singapore, the U.S., and Canada, covering over 20 jurisdictions, Formidium is one of the fastest-growing fund administrators across all asset classes globally. Over the past 8 years, the firm has empowered clients and partners to adapt, improve, and succeed across all asset classes – from traditional to digital. Formidium offers a range of services, including fund administration, specialized tax services, and compliance support for funds, and is committed to driving innovation in the financial and tech industries.