Kotak and Nasscom launch a collaborative platform for startups

Kotak Mahindra Bank (Kotak)  on Wednesday announced the launch of an exclusive co-creation programme for startups and FinTechs in association with Nasscom, reports DHNS from Bengaluru.

The Kotak Payment Co-creation Programme will build an ecosystem of collaboration and innovation for startups and FinTechs in the digital payments space. Startups, 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, a company release said.  

Deepak Sharma, Chief Digital Officer, Kotak Mahindra Bank said, "At Kotak Mahindra Bank, we believe that innovation is a collaborative process. The Kotak Innovation Lab evaluates and works closely with a number of startups and FinTechs to co-create unique solutions across diverse areas in banking and finance. The Kotak Payment Co-creation Programme is a focused value-driven programme for digital payments."

K S Viswanathan, Vice President-Industry Initiatives, Nasscom said, "Technology has been one of the key drivers of the financial services industry. In recent years, startups have disrupted the landscape with solutions that have made our lives easier. Nasscom and Kotak have a shared passion in supporting startups and the FinTech sector in the country. This collaborative platform is a great opportunity for FinTech innovators to showcase their solutions and will help build on our vision to support innovators in the emerging FinTech sector."