Leading private sector bank HDFC Bank today organised its fourth Digital Innovation Summit in Ahmedabad of Gujarat.
The Summit is a platform for start-ups to showcase their innovations aimed at powering the bank’s next phase of growth.
At the summit held in Centre for Innovation Incubation & Entrepreneurship (CIIE), IIM Ahmedabad, 24 start-ups shortlisted from 151 applications presented their ideas to a jury comprising HDFC Bank’s top management, representatives of CIIE, and a partner start-up 91springboard. Three winners hand-picked by the jury will get a chance to deploy their solutions in HDFC Bank.
The Bank will help the identified start-ups evolve into a consumer-ready product. It’ll use its domain expertise to mentor start-ups on customer experience, reduce time-to-market and costs, among other domains. In turn, the entrepreneurs will get the Bank’s platform to test their ideas in the real world; and expert insights.
Overall, more than 150 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. These ideas were evaluated and shortlisted by a jury on the basis of four parameters: Uniqueness,Business Potential, Usability and Scalability and Compatibility with HDFC Bank’s business and technology platforms.
