Citi Group today announced 19 technology companies have presented their solutions in India in the "Citi Tech for Integrity Challenge (T4I)".
T4I is a global program from Citi that encourages technology innovators from around the world to create solutions in the public sector.
According to a press release issued by the global financial giant, this initiative from Citi, in collaboration with private and public sector partners, offered technology companies an opportunity to innovate in the areas of financial transactions, cyber security, financial education, grievance redressal, cutting red tape, and other such spaces.
In India, T4I was supported by the Ministry of Electronics and Information Technology (MeitY), the Digital India Foundation, and several private sector companies including IBM, PwC, Microsoft, MasterCard, Facebook, Let's Talk Payments and Wipro.
The tech solutions received were evaluated by a jury and the selected finalists then showcased their innovations to an audience at the 'Demo Day' here.
Out of the +1000 applications received from across the world, 213 teams qualified for the accelerator program and 103 finalists are presenting across the six demo days being hosted in Mexico, Buenos Aires, Dublin, Singapore and Abu Dhabi, besides Hyderabad. India received 309 entries, it said.
Anand Chopra, Head of Operations and Technology, Citi South Asia, said, "The presentations we've seen have been extraordinary. We believe that platforms such as these are in the best interest of all stakeholders as they not only lead to sophisticated problem-solving solutions that have real use cases, but also help further perpetuate a culture of innovation, dialogue and openness between all those involved.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)