https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Indian Businesses Forge Fintech Partnerships at Singapore Fintech Festival, Highlighting Innovation and Digital Transformation

A key highlight of the event, which runs from November 6-8, was the launch of the State Bank of India (SBI) Innovation Hub in partnership with APIX, a leading global innovation platform for financial institutions and fintechs.
Indian Masterminds Stories

Singapore – Indian businesses are making significant strides in global fintech innovation at the Singapore Fintech Festival, with a focus on partnerships and technological advancements aimed at enhancing financial inclusion and customer-centric solutions. A key highlight of the event, which runs from November 6-8, was the launch of the State Bank of India (SBI) Innovation Hub in partnership with APIX, a leading global innovation platform for financial institutions and fintechs.

The SBI Innovation Hub, designed to accelerate digital transformation, offers a dedicated space for fintechs, startups, and innovators to develop next-generation financial solutions tailored to meet the diverse needs of SBI’s extensive customer base. Through this initiative, SBI aims to foster financial innovation, promote digital transformation, and advance financial inclusion.

The platform provides participants access to over 250 financial service APIs from SBI, enabling them to create and customize solutions within a secure sandbox environment. Through structured challenges, hackathons, and partnership opportunities, fintechs and startups can compete for recognition, establish official partnerships, and reach millions of users across India.

Vidya Krishnan, Deputy Managing Director of IT at SBI, emphasized the significance of the launch, stating that the hub is a key step in SBI’s digital transformation journey. “The Innovation Hub will enable mutual discovery of APIs, allowing SBI and its partners to collaborate with global innovators to build customer-centric, impactful solutions,” she said.

Umang Moondra, CEO of APIX, also highlighted the importance of the partnership, calling the collaboration with SBI a “tremendous achievement.” He noted that the Innovation Hub represents a groundbreaking opportunity for fintechs to engage with one of the world’s largest banks, while benefiting from access to SBI’s secure sandbox and APIs, which can empower developers to create solutions that resonate globally and promote financial inclusion.

In addition to SBI’s launch, Gupshup, an Indian-origin conversational AI company, also made waves at the festival with its growing presence in Singapore’s fintech sector. The company announced a partnership with Standard Chartered Bank, where Gupshup’s AI-powered digital assistants are enhancing customer experience by handling complex banking queries in real time.

Ali Asgar Lightwalla, Senior Director of Sales for BFSI at Gupshup, emphasized the company’s expertise in creating AI assistants that are highly contextualized for specific sectors. He noted that this approach has proven particularly valuable in Singapore’s sophisticated banking sector, where precision and regulatory compliance are crucial.

Beyond banking, Gupshup’s AI solutions are transforming customer engagement in other sectors, including retail, healthcare, and logistics, by automating customer interactions while maintaining personalization and high service quality.

The Singapore Fintech Festival continues to serve as a platform for innovative partnerships and advancements in financial technology, with Indian businesses playing a prominent role in shaping the future of global fintech.


Indian Masterminds Stories
Related Stories
NEWS
Kiran Bedi resized
Former IPS Dr. Kiran Bedi Hails PM Modi’s Vision for Future Leaders -- the School of Ultimate Leadership (SOUL)
D Roopa vs Rohini Sindhuri_IASvsIPS
Bengaluru Court Directs Telecom Providers to Preserve Call Records in the 'IPS D Roopa vs. IAS Rohini Sindhuri' Dispute
Shaktikanta Das
Former RBI Governor Shaktikanta Das Appointed as Principal Secretary-2 to PM Modi
IPS officer IPS
MHA Directs Telangana to Relieve Three IPS Officers, Including Two DGPs, to Report to Andhra Pradesh
IAS Officers Indian Administrative Services (IAS)
2 IAS Officers Transferred in Gujarat, Mona Khandhar Made Principal Secy, Science & Tech Dept
Indian Foreign Services ..
Empanelment of 21 Indian Foreign Service Officers for Promotion to Grade-III - Full Details Inside
govt_assam_resized
Assam Extends IFS M.K. Yadava's Term as Special Chief Secretary (Forest) Despite Allegations
UPPSC_UPPCS_resized
UPPSC Releases Notification for 200 Vacancies in UP PCS 2025, Applications Begin on 20 Feb
Videos
Sharan Kambale IPS
"Dreams Don’t Have Shortcuts" - Sharan Kambale’s Remarkable UPSC Journey
WhatsApp Image 2025-02-16 at 13.44
He Got Cricketers Like Mohd Azharuddin & Ajay Jadeja Banned
K jairaj
K. Jairaj: A Bureaucrat Who Believed in Impact Over Transfers
ADVERTISEMENT
Latest
Kiran Bedi resized
Former IPS Dr. Kiran Bedi Hails PM Modi’s Vision for Future Leaders -- the School of Ultimate Leadership (SOUL)
D Roopa vs Rohini Sindhuri_IASvsIPS
Bengaluru Court Directs Telecom Providers to Preserve Call Records in the 'IPS D Roopa vs. IAS Rohini Sindhuri' Dispute
ADVERTISEMENT
Videos
Sharan Kambale IPS
WhatsApp Image 2025-02-16 at 13.44
K jairaj
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT