HDFC Bank shortlists 3 startups inDigital Innovation Summit

 

HYDERABAD, May 13: HDFC Bank Monday said

three start-ups from the city – Loop Reality, BluSapphire and

Appnovation Technology – were declared winners at its regional

Digital Innovation Summit (DIS).

According to a press release from HDFC Bank

WorkApps, a start up from Pune was the fourth winner picked by

the bank after the one-day event held here.

DIS is a platform launched by HDFC Bank for

start-ups from across the globe to showcase their innovations.

The participants were from the domains of cyber

security, augmented and virtual reality, artificial

intelligence, machine learning and rural agriculture, among

others.

These solutions could power the banks next phase

of growth.

These start-ups will get a chance to deploy their

innovations within HDFC Bank, after further evaluation on

technical, business, security, and compliance parameters, it

said.

Country Head Digital Banking, HDFC Bank Nitin

Chugh said DIS is a marriage of disruptive technologies from

start-ups and HDFC Bank’s customer focus.

“The objective of the Digital Innovation Summit in

Hyderabad is to have at its disposal a pool of cutting-edge

world technology solutions. Its gratifying that we had over

130 companies applying to participate in the summit,” he said.

Over 130 entrepreneurs applied to participate in

the summit and 23 start-ups were shortlisted to present their

ideas. (PTI)