The first event of the Arcade Series is focused on scouting innovative solutions for the financial and banking industry. The target areas for FinTech Arcade were smart payments, wealth tech, robotic process automation (RPA), cybersecurity, lending, financial inclusion, and next-gen analytics. Out of the hundred startups that participated, T-Hub shortlisted 12 to pitch in front of more than 30 corporate giants such as UST Global, PayPal, and Kotak Bank.
The Fintech Arcade has enabled the participating industry players to explore innovative products and assess their chances to invest in or partner with future-ready solutions that could potentially transform their business.
UST Global, which works with Fortune 500 companies in the fields of insurance, healthcare, retail, manufacturing, among others, has shortlisted five startups for further evaluation.
Trent Mayberry, Chief Digital Officer, UST Global, said in a statement, “We see an immense talent in India, and are delighted to have met these young entrepreneurs at T-Hub Fintech Arcade. I believe T-Hub is uniquely positioned in Hyderabad to foster such industry collaboration at the forefront of emerging challenges in the FinTech industry. We are happy to shortlist Pencilton, PayBee, Taxilla, Finoremic, and Monech, for further evaluation.”
T-Hub will be launching platforms like the FinTech Arcade, under the Arcade Series focused on other verticals, such as healthtech, smart cities, blockchain, Artificial Intelligence, among others in the upcoming months.
Ravi Narayan, CEO of T-Hub, said in a statement, “We wanted a solid, yet regular series of a platform for corporates that enables them to constantly track and absorb innovations. Indian startups are ready to make the most use of such opportunities now and expand their business revenues by evaluating collaboration opportunities with global corporates.”