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NFRA and IIT Kanpur jointly organize a Hackathon on Large Language Models (LLM) and Generative AI

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Kanpur:30/3/25: NFRA and IIT Kanpur jointly organized a Hackathon to encourage students to build cutting-edge solutions using large language models (LLM) and Generative AI. The objective was to demonstrate democratizing complex financial statements so that financial information is more readable and understandable. The challenge was to transform financial data into clear, engaging stories to enable well-informed decisions. The hackathon tried to address the challenge, by leveraging GenAI. Teams attempted transformative solutions to simplify financial statements and unlock deeper insights.

Students from various engineering colleges in India participated in a hackathon held at IIT Kanpur on 28th and 29th March 2025. The hackathon enabled the interaction of academia, students, and regulators, who joined hands to address common challenges. The solutions were discussed, and students were guided on how to further their innovative ideas.

The presentations made by the teams at the hackathon showed that GenAI has the potential to revolutionize financial statement analysis by simplifying complex financial concepts, automating data extraction, and generating insightful narratives. As technology continues to evolve, stakeholders can expect to see increased adoption in financial reporting leading to more efficient, accurate, and informed financial decision-making.

Teams from VIT Vellore, MNNIT Allahabad, IIT Lucknow, and Rajiv Gandhi University Of Knowledge Technologies, Nuzvid emerged winners in the competitions. The Hackathon was judged by a combined team of experts from IIT Kanpur and NFRA. It is also noteworthy that many of the winning teams choose to offer their innovations to the open-source community so that more improvements and value additions can happen and these solutions can be further developed and used by anyone interested. NFRA looks forward to further such opportunities to engage with the student community.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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