HSBC is partnering with T-Hub to access the start-up ecosystem for the Accelerator 2030 programme. The programme is focused on creating commercialisation opportunities for one of the world’s largest banking operations function, leveraging its data and global footprint.
Start-ups will be given the chance to pitch innovative ideas, from new technologies to new business models that can revolutionise the industry.
T-Hub is a unique public/private partnership between the government of Telangana, three of India’s premier academic institutes (IIIT-H, ISB and NALSAR) and key private sector leaders. T-Hub aims to forge many such partnerships with governments and corporates across the world to setup T- Bridge centers, strengthening trade relations and attracting investment into the state of Telangana.
T-Hub is one of the largest Start-up ecosystem builders in India, with over 2000 start-ups in its database clustered into various stages of growth across community development that is unique to Hyderabad. Such a unique model enables investors and corporates to plan programs and capacity building initiatives in a targeted and organized manner. T-Hub is also the only model where the government is working intensely with the investor and the partner to fuel innovation and facilitate enterprise.
For more information, visit: www.t-hub.co
“The pace at which the society and technology are evolving is faster when compared to the ability of organizations adapting to the changes. In India, on one hand, the number of start-ups in the FinTech domain have been growing significantly and on other hand, the government’s initiatives in cashless technologies space including BHIM, UPI, and others have restructured the financial sector. Considering all these changes in the recent time, we believe that this partnership will help HSBC to explore most innovative start-ups disrupting in delivering products and solutions.”
HSBC Global Operations run and deliver customer operations and help to manage change in the bank. The function manages about 1.7 trillion transactions a year and around 380 payments every second for HSBC’s 38 million customers worldwide. They support four global businesses – Retail Banking and Wealth Management, Commercial Banking, Global Private Banking and Global Banking and Markets – in delivering customer operations and services across the world.
Offshore operations are carried out from the Global Service Centres (GSCs) across five cities in India and six other countries. They support the operations of HSBC’s global businesses by performing processing and analytical tasks to fulfil customer payments, transactions, regulatory compliance and everyday banking needs.
“Technology and innovation are rapidly changing the way customers want to access banking services, so HSBC wants to try new ways of doing things. This collaboration with T-Hub is an opportunity for HSBC to partner with India’s innovative start-ups to help us deliver products and services in ways that are simpler, better and faster for our customers”
Head of Operations, Global Service Centres