A cohort of five selected startups will get access to training, mentorship, and workshops by senior HSBC leadership as part of the eight-week accelerator program. They potentially have the opportunity to see their solutions be applied to HSBC’s global operations.
The Accelerator 2030 program will provide the startups an opportunity to collaborate with HSBC and secure opportunity to work with industry experts, receive support from mentors to refine their business strategy, and get access to T-Hub's network of mentors, industry experts, investors, service providers, and the ecosystem.
Speaking on the occasion, Jay Krishnan, CEO, T-Hub said, “With the incredible changes in the Fintech space powered by policies like Digital India from the top and innovations from the ground- up, startups with diverse technologies are the future of the banking industry. Banks like HSBC continue to push institutional barriers and stay ahead in the market. As an innovation partner, we are proud to have partnered with HSBC and scouted solutions from Fintech startups that would not only resolve challenges in the banking industry but also potentially create new business models, products, to radically transform the sector."
Over 95 startups applied for the program. The startups specialize in areas such as regulatory and compliance operations, loan processing, credit cards, insurance, mortgage applications, operations logistics, operations infrastructure, corporate and consumer product fulfillment.
The jury comprising of subject matter experts from T-Hub, HSBC and external industry members shortlisted the startups on the basis of their technology, products and solutions, go-to market readiness, scalability, alignment to overall operations strategy, team composition, possible impact, etc.
“We are excited to move to the next stage of the Accelerator 2030 programme with the five selected startups. Their solutions are closely aligned to our vision of the future of banking operations, and our collaboration will help HSBC deliver better products and services to our customers and people,” Tom Acton, Global Head of Strategy and Innovation, HSBC, said.
Here is the list of shortlisted startups:
Abda Digital: Abda Digital’s Hola Enterprise is a SaaS platform for creating interactive micro-ads. This is an innovative way for user engagement and lead generation.
Tookitaki Technologies:Tookitaki brings in a unique perspective: Introducing AI to the exceptions management space, thus improving operational efficiency and making the process actionable, auditable and scalable.
Capital Quant Solutions: Capital Quant Solutions offers cognitive automation solutions to the financial services industry.
vPhrase Analytics Solutions: vPhrase's AI product Phrazor summarises data into bullet points highlighting the key insights required for decision-making.
Morph.ai: Morph.ai is a chat-based marketing automation tool helping brands generate drive more sales by leveraging the chat ecosystem.