Mumbai Citi announced the award recipients of Tech for Integrity (T4I) Challenge in India. In Hyderabad, 19 shortlisted technology companies presented their solutions to the esteemed jury at the Demo Day on June 13. The initiative from Citi, in collaboration with private and public sector partners, offered technology companies an opportunity to innovate in the areas of financial transactions, cyber security, financial education, grievance redressal, cutting red tape, and other such spaces.
The award recipients included:
In India, T4I was supported by the Ministry of Electronics and Information Technology (MeitY), the Digital India Foundation, and several leading private sector companies including IBM, PwC, Microsoft, Mastercard, Facebook, Let’s Talk Payments and Wipro. The tech solutions received were evaluated by a jury and the selected finalists then showcased their innovations to a wide and knowledgeable audience at the ‘Demo Day’ in Hyderabad. Out of the 19 shortlisted teams, 16 teams that presented were from India, two from Kenya and one from Ukraine. They were judged on six criteria – Global Reach, Innovation, Scalability, Integrity Impact, Functionality, and Implementation Feasibility.
“T4I successfully brought all stakeholders onto one common platform in a bid to accelerate solutions that are required in today’s increasingly digital environment. This initiative gave our partners and the Government the opportunity to tap into new ideas and projects for public services,” said Anand Chopra, Head of Operations and Technology, Citi South Asia, at the press conference that presented the shortlisted finalists.
Out of the 1,000+ applications received from across the world, 213 teams qualified for the accelerator program and 103 finalists presented across the six demo days hosted in Mexico, Buenos Aires, Dublin, Singapore and Abu Dhabi, besides Hyderabad. India received 309 entries.
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Citi India offers consumers including Non Resident Indians, corporates and financial institutions, a comprehensive range of financial products and services. These include retail banking, mortgage finance, credit cards, personal loans, corporate and investment banking, foreign exchange, securities brokerage, transaction services and wealth management. Citi is an employer of choice and serves more than 2.3 million customers ranging from India's top corporate houses, multinationals operating in India, SMEs, self-employed entrepreneurs, households and individuals. Citi India has leading market shares in a number of areas in India's banking industry, including in credit cards, distribution of mutual funds, e-commerce banking, investment banking and foreign exchange. In addition, Citi India, through its network of Citi Service Centres, has been a leading offshoring unit for Citigroup globally, providing employment opportunities in the areas of technology, processing, analytics and financial processes.
Citi India is also committed to enabling socio-economic progress in the communities where we live and work. Since 1999, Citi Foundation through its partnerships, has helped further the financial inclusion agenda through education, and has created livelihood opportunities for youth and marginalized families in India. In addition, Citi has been committed to preserving India’s heritage through its programs focused on art and culture. These efforts, over the past 16 years, have benefited more than 2.5 million people across the country. Citi India continues to promote an inclusive and responsible society through its various CSR initiatives.