HDFC & IvyCamp are introducing Finnovation, a startup engagement program for innovative tech startups to work with one of India’s leading Housing Finance companies, to test and scale solutions targeted at specific business challenges, and to add value.
Startups will have the opportunity to access knowledge, infrastructure, and support from HDFC and transform business processes through technology!
Opportunity to co-innovate and collaborate with HDFC
Engage with customers to test and validate solutions for product-market fit
Potential commercial partnership with HDFC after a successful pilot
Access to investment opportunities from the IvyCamp network
We are looking for innovative solutions in the following areas:
AI/ML-based solutions to detect & prevent risk, and fraud activities in post-approval and at the disbursement stage of loans.
Metaverse solutions for customer experience and engagement.
short listing of startup applications
Face to Face meeting
with IvyCamp and HDFC
PRN Fincon offers innovative risk solutions through a mix of sophisticated products and bespoke services
RecoSense offers AI- Powered Data Intelligence Solutions
Finnovation is a corporate engagement program to identify innovative tech startups with relevant and scalable solutions. The selected startups will get an opportunity to work with the HDFC team and scale their solutions. Some of the key areas in which solutions are sought are AI/ML for Fraud Detection and Metaverse applications.
The program is aimed at early-stage startups in the insurance and fin-tech space. Your company has to be established with founders working full-time at your company.
Finnovation is a corporate engagement program, where the shortlisted startups will pitch to HDFC Senior Management for an opportunity for a Proof of Concept, Strategic Alliance, and/ or Investment Opportunity
Once the application is received, the outcome of the application will be updated through a call or email from the IvyCamp team within 3 weeks.
The call for applications will be open until 30th November 2022. Please apply at the earliest.
Mr. Abhijit Singh, Member of Executive Management, is the Chief Information Technology & Digital Officer of the
Corporation. He is a qualified MBA in Finance from Jamnalal Bajaj Institute of Management Studies, Mumbai, India
and holds a Bachelor’s degree in Engineering from University of Mumbai. He was the Chief Operating Officer (COO)
and Chief Technology Officer (CTO) at OakNorth Bank, London. Prior to OakNorth, he worked with ICICI Bank in
various senior positions including Head – Technology Group, last being Head- Strategic Initiatives.
Within the Corporation, Abhijit is responsible for driving the organization wide Digital transformation program. This program aims to improve customer experience and enterprise-wide adoption of digital technologies as well as using new age AI/ML solutions. He is also responsible for technology strategy and working towards the creation of a future ready digital enterprise.
Mr. Singh is a veteran in Banking technology, emerging technology and fintech with 25+ years of extensive background in product development, large scale digital transformation, project execution and running of Operations of a digital bank. Career-spanning multiple countries, and cultures and working with a diverse set of internal teams and partners across European MNC Banks, large Indian Private Sector Banks and a UK Challenger Bank. He has done pioneering work in game-changing financial solutions in emerging technologies like blockchain and aiding in digital transformation of large organizations.
He is a member of the IT Strategy Committee of the Corporation. He is also on the Board of HDFC Capital Advisors Limited.
Abhijit SinghMember of Executive Management,
Innovative startups working in metaverse applicability and fraud detection have been invited to submit applications until 30th November 2022.
HDFC, a housing finance company, and IvyCamp, an initiative of IvyCap Ventures Advisors, have jointly launched the second phase of their Finnovation program.