innovation in the BFSI sector, Thought Factory, Axis Bank’s Innovation Lab,
today entered into a strategic collaboration with AISPL, the India affiliate of
Seattle – headquartered AWS, and Singapore – headquartered Oversea-Chinese
Banking Corporation Limited (OCBC) bank, to provide a global platform to the
Indian start-up community to consistently innovate in the Fintech domain.
Executive Director, Axis Bank said: “Our Thought Factory in Bengaluru is
equipped with state of the art infrastructure and technology designed to foster
entrepreneurship and innovation in Banking & beyond. We are happy to
collaborate with Global Financial and Technology companies to create a vibrant
ecosystem of Banks, startups & tech innovators. Our first batch of
startups, due to join in September, will build interesting use cases for AI,
Blockchain, Big Data Analytics, robotics and much more that can take Consumer
Banking to the next level.”
to contribute to the development of the startup community in India. Startups at
Thought Factory will have access to an “Ask an Architect” counter managed by
AISPL solution architects, where startups can get in-person answers to their
AWS-related technical questions – at no cost. AISPL will also host events at
Thought Factory for further engagement with startups.
Bank on the Thought Factory ‘Social’ and we see this as an opportunity to further
promote the startup ecosystem by hosting interesting startup events, thought
leadership talks, boot camps, start-up pitches, etc. Start-ups will also get to
benefit from regular architecture review and Ask-an-architect sessions to
improve their technology stack implementation”, said Bikram Bedi, Managing
Director, AISPL, India.
Accelerator Program, ‘The Open Vault at OCBC’ will drive innovation in Asia
through creating the desired ecosystem for the start-up communities in India
and Singapore. Both the banks have collaborated to offer mentorship to the
Start-ups and share research and findings that will drive innovation in
Factory & Visa, will work towards
co-creation of innovative digital commerce solutions leveraging Visa’s suite of
products and services. Visa will also make available the Visa Developer
platform that provides open access to its payment capabilities to startups
signed up under Thought Factory.