HDFC Announces Winners of 2nd Digital Innovation Summit

HDFC has announced the winners of the second Digital Innovation Summit which was held on February 9 and 10 in Mumbai. Digital innovation solutions from FinTech companies and startups from the within varied domains of the Banking, Financial Services and Insurance sector were invited. About 42 companies were shortlisted from the 113 applications that were received from 6 countries.

LTP, along with its MEDICI platform, was the partner for the second Digital Innovation Summit event and acted as a bridge between HDFC Bank and FinTech startups. The second summit showcased some of the best emerging ideas from the Indian FinTech scene.

Here are the winners from the second Digital Innovation Summit: is a chat-based bot that lets users order anything through a chat interface. The startup utilizes natural language processing and machine learning technologies interact with customers. Niki helps the user to 'chat' for various services across industries such as travel, entertainment, food, home services, utilities and mobile services.

Tag8 is India’s first comprehensive lost-and-found service. Tag8's technology-enabled tagging harnesses the power of the internet, mobile application, tracking technology, digital maps and reward programs to make ownership of assets secure and efficient. Using this platform, the company has developed solutions for facilitating tracking and returning lost valuables, enabling warranty management and undertaking asset and resource management.

Paykey is a social FinTech company that enables banks to provide their users with peer-to-peer payment options through any social and messaging platform. PayKey’s mobile keyboard app bridges the gap between bank applications and social networks, making everyday banking easier and more efficient.

Absentia is working on augmented reality technology and virtual reality. They have recently launched a virtual headgear for 360-degree vision and complete 3D immersion.

Nextgen Telesolutions is developing solutions around payments and retailing, integrating mobile technology as a technology platform to enable cross integration between the two and digitizing and bridging the technology gap in secure banking and wallets, enabling secure contactless payments on any mobile device