HDFC Bank has said that three start-ups – Loop Reality,BluSapphire and Appnovation Technology – were declared winners at its regionalDigital Innovation Summit (DIS).
According to a press release from HDFC Bank WorkApps, astart up from Pune was the fourth winner picked by the bank after the one-dayevent held in Hyderabad. DIS is a platform launched by HDFC Bank for start-upsfrom across the globe to showcase their innovations. The participants were fromthe domains of cyber security, augmented and virtual reality, artificialintelligence, machine learning and rural agriculture, among others.
These solutions could power the banks next phase of growth.These start-ups will get a chance to deploy their innovations within HDFC Bank,after further evaluation on technical, business, security, and complianceparameters, it said. Country Head Digital Banking, HDFC Bank Nitin Chugh saidDIS is a marriage of disruptive technologies from start-ups and HDFC Bank'scustomer focus.
"The objective of the Digital Innovation Summit inHyderabad is to have at its disposal a pool of cutting-edge world technology solutions.Its gratifying that we had over 130 companies applying to participate in thesummit," he said. Over 130 entrepreneurs applied to participate in thesummit and 23 start-ups were shortlisted to present their ideas.