State Bank of India (SBI) has launched Innovation Hub in partnership with APIX, a Singapore-based leading global collaborative innovation platform for financial institutions and fintechs at Singapore Fintech Festival being held on November 6, 2024- November 8, 2024. 

It is to provide dedicated space for fintechs, startups, and innovators worldwide to design next-generation financial solutions tailored to meet the digital needs of SBI’s diverse customer base. The initiative is aimed at driving financial innovation and digital transformation as well as advancing financial inclusion.

Designed to accelerate digital transformation, the SBI Innovation Hub allows participants to leverage SBI’s 250 plus financial service APIs to develop and customise solutions within a secure sandbox environment. Through structured challenges, hackathons, and partnership opportunities, the platform provides fintechs and startups with unique pathways to gain recognition, compete for official partnerships, and ultimately reach millions of users across India.

State Bank of India is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.