Banks back fintech start-ups, eye access to tech solutions in return

Banks back fintech start-ups, eye access to tech solutions in return

Kotak Mahindra Bank’s chief digital officer Deepak Sharma says the bank has worked with 100 start-ups in the last 18 months. Photo: Aniruddha Chowdhury/Mint Mumbai: Banks are fast emerging as accelerators for financial technology (fintech) start-ups, offering them opportunities to build proof of concept and scale in return for their products or technology solutions. Some lenders also provide the fintech start-up platforms to secure venture capital finance and allow them to co-develop solutions under their guidance. State Bank of India (SBI), Yes Bank Ltd, Kotak Mahindra Bank Ltd, RBL Bank Ltd, HDFC Bank Ltd and ICICI Bank Ltd are […]