Five fintech startups, in the areas of artificial intelligence, quality assurance, mobile, and biometric payments, were selected as the winners of HDFC Bank’s Digital Innovation Summit. The startups are Senseforth Technologies, Tagnpin, Safe to Pay, Bugclipper Technologies, and Tapits Technologies. They were selected from a shortlist of about 30 Fintech startups from the total the 105 applicants.

These startups will get a chance to deploy their products in the bank, after they are further evaluated on technical, business, security, and compliance parameters. Some of them are also working with other banks or running pilots.

Let’s have a look at the 5 startups.

Senseforth Technologies

sense

Founders: Shridhar Marri, Ritesh Radhakrishnan, and Krishna Kadiri

Founded In: 2012

Offering: Customer response system powered by artificial intelligence.

Bangalore based Senseforth’s ‘Humanlike Computing’ is a form of artificial intelligence and computational linguistics, that provides natural language customer interactions at scale. Deployed on a big data platform, the software helps enterprises understand, actionize and respond to customers in an automated, real-time, and contextualized way.

Tagnpin

invite

Founders: Siddharth Gupta and Aman Gupta

Founded In: 2013

Offering: Customer Engagement

Gurgaon-based Tagnpin or InviteReferrals works in the area of customer engagement, and enables personalization of messages to consumers, or directed messages, based on their past data. InviteReferrals is one of the simplest tools to launch referral campaigns. This enables organisations to personalize the experience for its consumers, rather than showing the same message to all.

Safe to Paysafe

Founders: Nirmal Juthani and Aditya Agarwal

Founded In: 2013

Offering: QR code based mobile payments

Mumbai based Safe to Pay (S2Pay), developed by Net Vigil Software, is a mobile wallet for making payment to anyone, anytime, and anywhere in a quick and safe way for users even without internet. It enables two-factor authentication payment in a single step, on any phone. The app acts like an electronic chequebook wherein a consumer can simply make payment at any local store by entering a pin on his phone, which becomes his signature. The app generates a single-use QR code for payments, and the settlements happen real-time in a single step.

Bugclipper Technologies bugclipper

Founder: Puneet Sharma

Founded In: 2013

Offering: In-app feedback and reporting tool

Bugclipper works in the area of quality assurance and helps organisations increase productivity while testing apps. Beta testers or end users can report issues quickly by sending screenshots, highlighting the issue with annotation, and marking the criticalness of the issue directly from inside the app itself.

Tapits Technologies fingpay

Founders: Pratyush Halen

Founded In: 2016

Offering: Biometric Payments

Tapits Technologies or FingPay works on making payments simpler and secure with technologically advanced solutions. Fingpay will allow consumers to go shopping phoneless, cashless, walletless, and cardless, by enabling biometric payments at merchants. The biometrics would be authenticated by Aadhar and it would be a 3-factor authentication, allowing payments to go through in as less as seven seconds.
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