Kotak Mahindra Bank and NASSCOM Launch a New Collaborative Platform for Start-ups

Mumbai, March 9, 2018: Kotak Mahindra Bank (Kotak) today announced the launch of an exclusive co-creation programme for start-ups and fintechs in association with NASSCOM. The Kotak Payment Co-creation Programme will build an ecosystem of collaboration and innovation for start-ups and fintechs in the digital payments space. Start-ups, with a compelling idea, seeking mentorship, a chance to work with Kotak’s Innovation Lab as well as an opportunity for a pilot launch can join the programme.

DeepakSharma, Chief Digital Officer, Kotak Mahindra Bank said, “At Kotak MahindraBank, we believe that innovation is a collaborative process. The KotakInnovation Lab evaluates and works closely with a number of start-ups andfintechs to co-create unique solutions across diverse areas in banking andfinance. The Kotak Payment Co-creation Programme is a focused value-drivenprogramme for digital payments.” 

“Throughthis initiative, mature fintechs with a disruptive idea can pitch theirofferings, and get a chance to work with Kotak’s Innovation Lab in co-creatinginnovative payment products. Such a programme will help further develop amature ecosystem for fintech-bank partnerships”, Sharma added. 

KSViswanathan, Vice President-Industry Initiatives, NASSCOM said, “Technology hasbeen one of the key drivers of the financial services industry. In recentyears, start-ups have disrupted the landscape with solutions that have made ourlives easier. NASSCOM and Kotak have a shared passion in supporting start-upsand the fintech sector in the country. This collaborative platform is a greatopportunity for fintech innovators to showcase their solutions and will helpbuild on our vision to support innovators in the emerging fintech sector. Welook forward to working together with Kotak to ensure the continued success offintechs in India.”  

All entrieswill undergo a rigorous evaluation process. Subsequently, shortlisted fintechswill present their solutions to a team comprising top technology and digitalleaders at the bank.

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