HDFC Bank announces winners of 2 nd Digital Innovation Summit

Five FinTech start-ups from Israel, Bengaluru, Mumbai, Delhi selected

HDFC Bank Ltd.,
HDFC Bank House,
Senapati Bapat Marg, 
Lower Parel, Mumbai - 400 013.

Mumbai, February 16, 2017: HDFC Bank Ltd., today announced winners of 2 nd edition of its Digital Innovation Summit (DIS). The winners are from artificial intelligence, augmented reality, internet of things, secure payment solution, and rural fin-tech domains. While two of the winners are from Bengaluru, other three winners are based in Delhi, Mumbai, and Tel Aviv in Israel, respectively. The FinTech start-up from Israel was one of the 7 overseas entries. These start-ups get a chance to deploy their innovations in the Bank, after further evaluation on technical, business, security, and compliance parameters.

“The objective of the summit is to have at its disposal a pool of cutting-edge world technology solutions,” said Mr. Nitin Chugh, Country Head, Digital Banking, HDFC Bank at the event in Mumbai. “It’s gratifying that this year, we had as many as 7 overseas companies participating in the Summit. This is only going to grow bigger as we are committed to giving an experience that our customers value.”

The winners are:

NextGen TelesolutionsMobile Banking / Rural Fin-TechTapnPay mPOS solution for Merchant PaymentsDelhi
Niki.aiMobile BankingChat-based Personal Stock BrokerBangalore
Tag8OthersIOT-based Smart Asset ManagementMumbai
PaykeyPaymentsSecure Payment KeypadTel AvivYafo
Absentia VROperational efficiencyOffline App download & AR based heatmaps for branch efficiencyBangalore / Mumbai