March 14: T-Hub, a leading startup engine powering entrepreneurship and innovation, announced the launch of the Arcade Series, the avenues for networking to enable productive synergies between industry players and startups. These series will focus on one vertical each month beginning March 2019 with fintech as the vertical in focus in partnership with UST Global.
The first event of the Arcade Series is focused on scouting innovative solutions for the financial and banking industry. Hundreds of startups participated. The target areas for FinTech Arcade were smart payments, wealth tech, robotic process automation (RPA), cybersecurity, lending, financial inclusion and next-gen analytics. T-Hub shortlisted 12 startups, with impressive product solutions, to pitch in front of more than 30 corporate giants such as UST Global, HDFC, HSBC, Citibank, PayPal and Kotak Bank and regulatory body representatives, such as NPCI, NABARD and consulting firms such as PwC, Deloitte and Capgemini.
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. The selected startups will get to co-create solutions and explore strategic partnerships with the industry players. UST Global, a leading digital transformation solutions company, has shortlisted five startups for further evaluation. UST Global works with Fortune 500 companies in banking and financial services, insurance, healthcare, retail, manufacturing, shipping, technology and telecom.
Ravi Narayan, CEO of T-Hub said, “We wanted a solid, yet regular series of a platform for corporates that enables them to constantly track and absorb innovations helping them stay ahead of the curve. 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. It’s a matter of bringing them together in the right manner at the right time, and we are glad that T-Hub’s Arcade Series is capable of getting that done.”
T-Hub will be launching platforms like the FinTech Arcade, under the Arcade Series focused on other verticals and technologies, such as healthtech, AgriTech/sustainability, smart cities, blockchain, Augmented Reality/Virtual Reality (AR/VR), Artificial Intelligence, Internet of Things (IoT) in the upcoming months.
Speaking about the event, Trent Mayberry, Chief Digital Officer, UST Global, said, “As part of our innovation ecosystem, we are constantly looking to partner with or invest in startups who have breakthrough digital products and solutions aligned to our business goals. We see an immense talent in India, and are delighted to have met these young entrepreneurs at T-Hub Fintech Arcade. We shared industry trends, challenges in adoption and discussed ways to strengthen these leading offerings in both impact and appeal. 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. I am confident that with our global market reach and joint innovation efforts, we are at the forefront of solving some of the trickiest business and technology problems of our Fortune 500 clients.”