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

Banking & Finance | Dated: 23 Nov 2024

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.

🎯 Key Highlights:

  • - 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.

💡 Other Important Facts:

  • (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.

📚 Test Your Knowledge:

Recently, which organization launched an Innovation Hub in partnership with APIX at the Singapore Fintech Festival?

Correct Answer: SBI

🚀 Quick Recap: