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    HDFC Bank announces winners of 3rd Digital Innovation Summit 2018

    Synopsis

    This year, the bank joined hands with Startup India in its endeavour to harness the startup and fintech ecosystem and get access to innovative ideas for potential application and deployment

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    Shortlisted companies were evaluated on the parameters of uniqueness, business potential, usability, value addition to business and compatibility with HDFC Bank's business and technology platforms.
    MUMBAI: HDFC Bank Ltd announced winners of the 3rd edition of its Digital Innovation Summit 2018. The winners are from artificial intelligence, machine learning, credit risk assessment, and rural fin-tech domains. While four winners are from Bengaluru, one is based in Ra'anana in Israel. The FinTech startup from Israel was one of the 24 overseas entries.

    This year, the bank joined hands with Startup India in its endeavour to harness the startup and fintech ecosystem and get access to innovative ideas for potential application and deployment.

    “Digital Innovation Summit gives the bank access to a pool of cutting-edge global technology solutions. We believe that digital banking to provide an experience to customers is well utilized only when we play a mutually beneficial role in the startup and fin-tech eco system. As a bank, we get access to technologies and platforms and the start-ups and fin-techs get access to a large customer base for potential deployment,” Nitin Chugh, Country Head, Digital Banking, HDFC Bank said in a statement.

    The winners include CropIn Technology Solutions with a domain in agri-tech solutions for better credit assessment; Anodot which has Autonomous Analytics based on AI and ML for IT systems; Crediwatch that offers integrated web based business monitoring, compliance analytics; TalentBridge Technologies offering a secure mobile first messaging platform for distributed workforce management; Pyxis which is an AI-based personalized social media communication tool for customers.

    The bank received more than 135 entries including 24 applications from companies based in global technology hubs such as Israel, Singapore, Germany, and the US. Out of 138, 40 applications were shortlisted to make presentation to a jury panel comprising senior management from digital banking, branch banking, marketing, IT, e-commerce, and group companies.

    Shortlisted companies were evaluated on the parameters of uniqueness, business potential, usability, value addition to business and compatibility with HDFC Bank's business and technology platforms.
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