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HDFC Bank deploys products from five fintech companies

HDFC Bank (2)

As part of its Digital Innovation Summit, HDFC Bank has selected products from five fintech companies to be deployed in the bank. The winners are companies  from artificial intelligence, marketing, quality assurance, and payments (both mobile and biometric) domains.

The selected companies are:

Senseforth Technologies (Artificial Intelligence) –  This Bangalore-based company’s software helps enterprises understand and respond to customers in an automated, real-time, and contextualized way. It claims to use artificial intelligence and computational linguistics that provides natural language customer interactions at scale.

Tagnpin (Customer engagement) – Delhi based company that provides loyalty program as a service to all merchants on a single platform. Merchants have complete flexibility to change the rules of loyalty program anytime and anywhere as well as the liberty to pick or change loyalty partners anytime.

Net Vigil Software (QR code based payments) – The Mumbai-based company has developed S2Pay, a patented technology which enables digital payments in the offline world. It enables two-factor authenticated payment in a single step on any phone.

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Bugclipper Technologies (Quality assurance) –  Bugclipper allows users to report issues directly from your app, with screenshots, screen recordings and crash videos.

Tapits Technologies (Biometric payments)

Digital Innovation Summit received more than 100 entries, of which 30 startups were shortlisted to make presentation before the jury comprising senior management from digital banking, branch banking, marketing, IT, e-commerce and cards.

Nitin Chugh, head of digital banking at HDFC Bank that the summit’s idea came when the bank tied up with multi-bank mobile banking app Chillr last year and found that it needed to stay afloat on the technology front.

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