SBI Partners with APIX to Launch Innovation Hub at Singapore Fintech Festival.

Banking & Finance

Mumbai (Maharashtra)-based State Bank of India (SBI) launched the 'SBI Innovation Hub' in partnership with APIX, a platform connecting financial institutions and fintechs, during the Singapore Fintech Festival (SFF 2024) held from 6th to 8th November 2024 in Singapore.


      - SBI Innovation Hub will offer a platform for fintechs, startups, and innovators worldwide to design next-generation financial solutions to meet the digital needs of SBI's customers.

      - This initiative aims to drive financial innovation, digital transformation, and advance financial inclusion.

     

Main Points:-   (i) The Hub allows participants to leverage SBI's 250+ financial service Application Programming Interfaces (APIs) to develop and customize solutions within a secure Sandbox environment.

      (ii) This platform will enable fintechs and startups to gain recognition, compete for official partnerships, and reach millions of users across India through structured challenges, hackathons, and partnership opportunities.


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