back Back

Afthonia Lab partners with DBS Bank India to nurture FinTech innovations

By Leandra Monteiro

April 05, 2022

  • Afthonia Lab
  • Collaboration
  • DBS Bank India
Share

Afthonia LabAfthonia Lab, a private FinTech incubator, announced a strategic partnership with DBS Bank India Limited to empower FinTech start-ups to bring innovative solutions to transform the traditional Indian financial industry. Through this partnership, start-ups from Afthonia Lab can tap into the DBS network to receive a safe ecosystem to experiment, test their ideas and grow.

Startups with Afthonia Lab will access a secure and safe ecosystem and blueprint to conduct their business operations supported by DBS. With Afthonia Lab’s technological expertise and DBS Bank’s digital infrastructure, these startups can prepare for the next inflexion point in their journeys to move ahead in their respective marketplaces.

Speaking on this partnership, Tanul Mishra, CEO, Afthonia Lab, said, “We are glad to be associated with DBS Bank since we believe that the traditional financial industry is on the cusp of a digital revolution, and fintech start-ups are leading this change. Partnering with DBS was an obvious choice because of our shared ideology that fintech start-ups are the principal growth drivers of the economy, currently in the aftermath of Covid. With DBS, we want to ensure a holistic and safe environment for start-ups to not only grow but thrive.”

Commenting on this partnership, Sudarshan Chari, Executive Director & Head – Business Banking, DBS Bank India, said, “The world today is moving towards integrating seamless digital experiences for various banking requirements of users. As a digital-first bank, we are aligned with the vision to empower innovation and design end-to-end digital solutions that would ease financial access for customers. True to Startup India’s ethos, we take pride in partnering with a like-minded fintech incubator like Afthonia Lab to catalyse startup culture and build an inclusive ecosystem for innovation. The partnership offers an opportunity for startups to build an integrated platform that will shape the future of financial services in the country. This shift to platform-based models is a win-win for both fintechs and banks as it provides benefits to both.”

Previous Article

April 05, 2022

Alipay+ partners with BKN301 to launch in San Marino

Read More
Next Article

April 05, 2022

Vervent expands credit card business with acquisition of First Equity Card

Read More










IBSi Daily News Analysis

January 27, 2023

Afthonia Lab

Embedded finance, Web3 to trigger FinTech investment in 2023 amid looming recession

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

January 27, 2023

7 FinTech tweets you should see!

Read More

January 27, 2023

Klarna provides overview of spending in 2022 with ‘Money Story’

Read More

January 27, 2023

Temenos boosts platform capabilities to accelerate Banking-as-a-Service

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q4 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q4 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q4 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q4 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022