Fintech start-ups win HDFC Bank Digital Innovation Summit

Five fintech start-ups in artificial intelligence, quality assurance, mobile, and biometric payments domains were selected as winners of HDFC Bank Digital Innovation Summit, a company statement said here on Thursday.

The winners are Senseforth Technologies, Tagnpin, Net Vigil Software, Bugclipper Technologies and Tapits Technologies.

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

The summit received more than 100 entries from start-ups all over India. Thirty start-ups were shortlisted to make a presentation to the jury comprising senior management from digital banking, branch banking, marketing, IT, e-commerce and cards.

These start-ups presented their ideas to the jury on March 3-4, 2016, in Mumbai and were evaluated on parameters like uniqueness and innovation, business potential, usability and scalability, compatibility with HDFC Bank's business and technology platforms.

The initiative is part of the bank's strategic focus on customer convenience, access and delight, using technology as an enabler, the statement added.