HDFC Bank announced the launch of the 2nd edition of its Digital Innovation Summit (DIS), a platform for start-ups to showcase their innovations aimed at powering the next phase of growth.
Said Nitin Chugh, Country Head, Digital Banking, HDFC Bank, “We are fostering a culture of innovation through Digital Innovation Summit.” The bank’s strength clearly lies in the use of technology and the ability to deliver world-class service with rapid response time.
At DIS, top 25-30 entries will get an opportunity to present their ideas to a jury comprising senior management of the bank on 9 and 10 February 2017 in Mumbai. The top 5 ideas selected by the jury will be further evaluated to get the opportunity to partner with the bank.
Uniqueness, Business Potential Usability and Scalability and Compatibility with HDFC Bank’s business platforms are the four parameters for evaluation. The bank invited ideas from start-ups fin-techs in new age technologies like Artificial Intelligence, Internet of Things, Virtual Reality, Block chain and Robotics.
HDFC Bank has partnered with ‘Let’s Talk Payment’ for the 2nd edition of DIS which is a part of the bank’s strategic focus on consumer convenience, access and delight using technology as enabler.
This is an initiative from the bank to promote start-up culture at the bank, where the selected start-ups will get an opportunity to work with the bank. “Innovation is a part of our DNA, concluded Chugh.
BW Reporters
The author is associate editor at BW Businessworld
