HDFC Bank this week announced the launch of their Accelerator Engagement Programme (AEP) under the Bank’s Centre of Digital Excellence (CODE). HDFC Bank will partner with noted startup accelerators from across the world to gain early access to potential FinTech ideas and innovative solutions in the area of artificial intelligence, machine learning, analytics, and robotic process automation, among other new tech areas.
The Accelerator Engagement Programme was launched in Mumbai by Nitin Chugh, Country Head, Digital Banking at HDFC Bank in the presence of Ben Green, First Secretary, Trade, DIT, Lord Mayor of the City of London, Alderman Charles Bowman; Mithun Shetty, Head of Community Building at 91SpringBoard and Vikram Gupta, founder and managing partner, IvyCamp.
“We are excited to take our engagements with fintech start-ups global with the Accelerator Engagement Programme. At HDFC Bank, we are looking for disruptive, global first innovations. This enables us to be in sync with our customers’ needs and desires and become part of their lifestyle. We believe that to tap into this vast pool of innovative ideas, we need to work as a partner in the digital eco-system and encourage the spirit of innovation in the country. This is a win-win for all of us,” said Chugh.
In the first phase, the bank launched the programme in association with the UK’s Department for International Trade (UK DIT) and startup accelerators 91SpringBoard and IvyCamp. Through the accelerator programme, the bank will now have access to cutting-edge technologies and platforms for potential use.