Five start-ups have been selected under the Accelerator 2030 programme that banking and financial services major HSBC had announced in association with tech startup incubator T-Hub in April.
The startups had presented proof of concepts to HSBC as part of the programme that provides support and mentoring for the selected startups for 10-weeks. They would develop innovative products and solutions for HSBC.
The cohort of start-ups had a unique opportunity to work with leaders from HSBC Operations and within the bank’s digital infrastructure to create a Proof of Concept (PoC) for their solutions, a release from T-Hub said.
The startups are Abda Digital, Tookitaki Technologies, Capital Quant Solutions, vPharse Analytics Solutions, and Morph.ai. Their PoCs pertained to various areas of HSBC’s operations.
Under the programme launched in April, the startups were asked to use Artificial Intelligence and Machine Learning in developing PoCs which were presented to a judging panel of leaders from HSBC Operations and a T-Hub team of finance, marketing, and emerging technology experts, the release said.
T-Hub CEO Jay Krishnan said the startups have proved to be exceptionally talented, developing cutting-edge technologies that will play a role in helping HSBC source innovative interventions within their banking value chain. Global Head of Strategy and Innovation, HSBC Operations, Tom Acton said the quality of ideas “we saw from the start-ups was very impressive, made it a “difficult task to shortlist these five solutions.”