Four Start-Ups Declared Winners at HDFC Bank’s Digital Innovation Summit

By Samachar Vishesh News

Chandigarh 31^st July:- Four start-ups were declared winners at HDFC Bank’s first Digital Innovation Summit(DIS) in Mohali. The Summit is a platform for start-ups to showcase their innovations aimed at powering the bank’s next phase of growth. The winners are from the domains of Artificial Intelligence, Payments, Cyber Security and Human Resources.

#DIS is a platform launched by HDFC Bank for start-ups from across the globe to showcase their innovations. These solutions could power the bank’s next phase of growth. Click here to watch a video on DIS:https://www.youtube.com/watch?v=kbwyW7DfS4k

These start-ups will get a chance to deploy their innovations in the Bank, after further evaluation on technical, business, security, and compliance parameters.

As part of the Bank's efforts to identify potential FinTech entrepreneurs from different parts of India, the Digital Innovation Summit will be held in various cities around the country.

At the summit held inAIC ISB Mohali, 22 start-ups shortlisted from 112 applications presented their ideas to a jury comprising HDFC Bank’s top management, representatives of Startup India, AIC ISB Mohali, Ivy Camp, CIIE, IIM Ahmedabad and CAN.

Overall, more than 100 entrepreneurs applied to participate in the summit. Their innovations have been in the areas of artificial intelligence (AI), machine learning (ML), analytics, and robotic process automation etc.

Rajnish Khare, Head, Digital Transformation, HDFC Bank, said that DIS is a marriage of disruptive technologies from start-ups and HDFC Bank’s customer focus. The objective of the Digital Innovation Summit in Mohali is to have at its disposal a pool of cutting-edge world technology solutions. It’s gratifying that we had over 100 companies applying to participate in the Summit.

Vineet Arora, Branch Banking Head, North, HDFC Bank, said that we are excited to announce winners of Digital Innovation Summit in Mohali.  It is indeed encouraging to witness entrepreneurs in Mohali adopting cyber security, augmented and virtual reality, artificial intelligence, machine learning, and other new-age technologies in a meaningful way.