Axis Bank To Use Tech Solutions Of Three Startups From Its Accelerator
Axis Bank has selected three fintech startups from its 'Thought Factory' accelerator programme, to incorporate solutions in operational efficiency, lending and tax planning which it will commercially deploy at its business units, it announced at an event in Bengaluru on Friday.
The bank will collabborate with Pally, FintechLabs and Gieom out of the six startups, namely S2Pay, Pally, Perpule, FintechLabs, Paymatrix and Gieom, that ran in its first startup programme.
"We identified three proofs of concept of solutions that will help improve our processes and offer new products to our customers," said Rajiv Anand, executive director at Axis Bank. "While the startups are free to partner with others, the solutions developed with Axis Bank will be exclusive."
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