29 C
Guwahati
Saturday, July 13, 2024

HDFC Bank, RBI Innovation Hub unveil i-Innovate

- Advertisement -
- Advertisement -

HT Bureau

GUWAHATI, Dec 7: In a groundbreaking collaboration, HDFC Bank has joined forces with the Reserve Bank Innovation Hub (RBIH) to introduce i-Innovate, a strategic initiative poised to reshape the landscape of financial inclusion for differently abled individuals. This nationwide program is meticulously designed to spotlight FinTechs dedicated to this segment, harnessing the potential of Assistive Technology (AT) to redefine accessibility in the financial sphere. The partnership is further fortified by the inclusion of the AssisTech Foundation (ATF) as a supporting partner, bringing valuable expertise to the table for innovating and nurturing startups catering to this demographic.

- Advertisement -

With over 2.2% of the population falling into this category, i-Innovate is strategically positioned to implement programs that foster innovation and inclusivity in the financial sector for differently abled persons. This collaboration aims to conduct an in-depth analysis of the current financial landscape, identifying key market gaps and challenges at the intersection of assistive technology and finance. The initiative encompasses a spectrum of activities, including innovation challenges, hackathons, acceleration programs, and awards, all geared towards actively supporting and acknowledging startups committed to crafting solutions for the financial inclusion of differently abled persons.

Smita Bhagat, Retail Branch Banking Head at HDFC Bank, underscored the significance of this initiative, stating, “HDFC Bank is collaborating with RBIH to innovate inclusive financial products that empower persons with special needs. Our goal is clear – to build a banking system that is as diverse as India itself.”

Shalini Sahay, head of corporate communications, marketing, and partnerships at RBIH, emphasized the importance of this partnership in fostering innovation and inclusivity in finance, stating, “Through i-Innovate, we commit to bringing forth groundbreaking solutions at the intersection of assistive technology and finance.”

- Advertisement -
The Hills Times
The Hills Timeshttps://thehillstimes.in/
Welcome to The Hills Times, your trusted source for daily news and updates in English from the heart of Assam, India. Since our establishment in 2000, we've been dedicated to providing timely and accurate information to our readers in Diphu and Guwahati. As the first English newspaper in the then undemarcated Karbi Anglong district, we've forged a strong connection with diverse communities and age groups, earning a reputation for being a reliable source of news and insights. In addition to our print edition, we keep pace with the digital age through our website, https://thehillstimes.in, where we diligently update our readers with the latest happenings day by day. Whether it's local events, regional developments, or global news, The Hills Times strives to keep you informed with dedication and integrity. Join us in staying ahead of the curve and exploring the world through our lens.
Latest news
- Advertisement -
Related news
- Advertisement -
Explore These Iconic South Indian Desserts 10 Best Destinations To Visit In July 7 Health Benefits Of Jackfruit Best Honeymoon Destinations in North East India 10 Indian Steamed Recipes To Try In Monsoon