Paysafe, a leading global provider of payment solutions, hosted a hackathon on Saturday at its office in Hyderabad, as part of its recruitment drive.

Participants in the hackathon titled '#CrackTheCode' were required to design, develop and create futuristic fintech solutions in areas like artificial intelligence, machine learning and analytics.

Janmajai Rastogi, who solved the problem on hacker rank, bagged the first prize and won a cash award of Rs 50,000.

Nurendra Choudhary, who designed a solution for credit card fraud detection using Tensor Flow, received Rs 30,000 as second prize. Rajat Singh and Sourav Sarangi won third and fourth prizes respectively and were given Rs 10,000 each.

The hackathon was open to experienced software designers, developers and creative technologists.

"The idea behind the hackathon was to bring together the best of the programming talents to develop solutions in the FinTech space," said Rohan Sahu, General Manager at Paysafe India.

"India, which is a growing talent hub for the FinTech industry, will play an important role in strengthening Paysafe's global delivery capabilities. Through the coding competition, we hope to see some compelling solutions from the participants. Hyderabad has great tech talent with engineers driven to innovate and be pioneering," he said.

The company will host similar hackathon events in other parts of the country to seek fintech talent.