HDFC Bank Wednesday announced the launch of its Accelerator Engagement Programme (AEP) under the bank's Centre of Digital Excellence (CODE).
In this first-of-its-kind programme, HDFC Bank will partner with leading start-up accelerators from across the world to gain early access to potential fintech ideas and innovative solutions in the area of artificial intelligence (AI), machine learning (ML), analytics, and robotic process automation etc, the bank said in a statement.
In the first phase, the Bank launched the programme in association with the United Kingdom's Department for International Trade (UK DIT) and start-up accelerators 91SpringBoard and IvyCamp.
Through the AEP, the bank will now have access to cutting edge technologies and platforms for potential use. It creates a win-win situation as the start-ups and fintechs also get the opportunity to deploy their solutions.
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Axis Bank launches mobile app
* Axis Bank Wednesday introduced Axis Tap & Pay', a mobile application that will allow its customers to make transactions by just tapping their NFC-enabled android mobile phones on contactless merchant terminals.
This feature will be available for all MasterCard and Visa, debit and credit cards issued by the bank, Axis Bank said in a statement.
The bank has leveraged HCE (Host Card Emulation) technology for this feature to make the payment process safer and faster, thereby enhancing the overall customer experience.
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