IDFC FIRST Bank along with NASSCOM COE to grow the innovation ecosystem
By MYBRANDBOOK
IDFC FIRST Bank and NASSCOM Centre of Excellence (COE) have partnered to grow the innovation ecosystem through an exclusive range of banking solutions.
A Memorandum of Understanding (MoU) was signed between IDFC FIRST Bank and NASSCOM COE appointing the Bank as a Preferred Banking Partner for startups, at an event in Bangalore attended by startup founders.
IDFC FIRST Bank will offer its curated products and solutions for startups including Zero Balance Startup Current Account, uniquely designed Working Capital solutions for pre-profit startups, Business Credit Cards for Startups with step-up credit, a tailored ‘Founder Success Program’ and 40+ Beyond Banking offers from its partners.
While NASSCOM CoE will bring in technology and domain expertise to the partnership, IDFC FIRST Bank will offer tailored financial products to support innovation and entrepreneurship. NASSCOM COE and IDFC FIRST Bank will collaborate across a range of initiatives such as Investor Connect, Knowledge Sharing sessions and Tech Conclaves to engage with the Startup community extensively.
NASSCOM Center of Excellence (CoE) is the country’s largest Deeptech innovation ecosystem comprising startups, innovators, enterprises, and the government. The CoE focuses on accelerating the impact and implementation of solutions that solve real-world challenges through the utilization of deep technologies with extensive academic research.
Bhavesh K Jatania, Head - Startup Banking, IDFC FIRST Bank said, “Startups have led to innovation, employment and dynamism in Indian business. As a bank, we are committed to creating a strong ecosystem that enables grassroot level startups to prepare for the road ahead and help startups achieve critical milestones. Our range of financial solutions under FIRST Wings Startup Banking are customised and take into account the specific needs of this segment through their lifestages. We are absolutely delighted to join hands with NASSCOM COE to harness synergies and support the startup ecosystem.”
Sanjeev Malhotra, CEO of NASSCOM Center of Excellence, said, “We are looking to increase the impact from the young companies and they can have to be guided on technology side and also on the financial side and we are happy that IDFC brings that expertise.”
IDFC FIRST Bank’s Startup banking program under FIRST WINGS is designed to power the startup ecosystem by offering solutions that complement their inclination to innovation, technology and aggressive growth through life stages. Bank’s special ‘Founders Success’ program offers mentoring services and supports aspiring business owners in every aspect of setting up business.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Icons Of India : Anil Kumar Lahoti
Anil Kumar Lahoti, Chairman, Telecom Regulatory Authority of India (TR...
Icons Of India : MADHABI PURI BUCH
Madhabi Puri Buch is the first-female chairperson of India’s markets...
Icons Of India : Girish Mathrubootham
Girish Mathrubootham is the Founder of Freshworks (previously known ...
RailTel Corporation of India Limited
RailTel is a leading telecommunications infrastructure provider in Ind...
BEL - Bharat Electronics Limited
BEL is an Indian Government-owned aerospace and defence electronics co...
IREDA - Indian Renewable Energy Development Agency Limited
IREDA is a specialized financial institution in India that facilitates...
Indian Tech Talent Excelling The Tech World - JAY CHAUDHRY, CEO – Zscaler
Jay Chaudhry, an Indian-American technology entrepreneur, is the CEO a...
Indian Tech Talent Excelling The Tech World - Rajiv Ramaswami, President & CEO, Nutanix Technologies
Rajiv Ramaswami, President and CEO of Nutanix, brings over 30 years of...
Indian Tech Talent Excelling The Tech World - Steve Sanghi, Executive Chair, Microchip
Steve Sanghi, the Executive Chair of Microchip Technology, has been a ...