New Delhi, Oct 10 (KNN) Private sector renowned HDFC bank has announced the launch of its Accelerator Engagement Program (AEP) under the Bank’s Centre of Digital Excellence (CODE) to create a mutually beneficial ecosystem with relevant players in the start-up space.

In partnership with UK government, co-working space firm 91 spring board and Ivy Camp, the program has been launched with a view to partner with leading start-up accelerators from across the world to gain early access to over 30,000 fintech ideas and innovative solutions. 

The bank will focus on those working in the area of artificial intelligence (AI), machine learning (ML), analytics, and robotic process automation.

Launched in October 2017, HDFC Bank’s Centre of Digital Excellence (CODE) is an endeavor to harness the digital and technology eco-system in India and abroad that helps enrich the experience of our offerings to customers.

Through the AEP, the Bank will now have access to cutting edge technologies and platforms for potential use. It creates a win-win situation as the start-ups and fintechs also get the opportunity to deploy their solutions.

Talking about the engagement with fintech startups with the program, Digital Banking, HDFC Bank, Country Head, Nitin Chugh said “At HDFC Bank, we are looking for disruptive, global first innovations that enable us to be in sync with our customers’ needs and desires and become part of their lifestyle.”

“We believe that we need to work as a partner in the digital eco-system and encourage the spirit of innovation in the country,” he added.

Delighted to launch this powerful new initiative, Lord Mayor of London, Charles Bowman said that fintech is an area of immense potential for the UK and India, and I look forward to seeing more collaboration between our two countries in this area,”