This year, in Finnovatica, around 200 students from six premier engineering institutions will showcase their digital innovations in financial space
Fullerton India Credit Company Ltd (Fullerton India), a leading organisation in non-banking financial space, has launched the second round or Appathon round of Finnovatica programme this year. The company’s Finnovatica programme, which enters the second year, is a platform that seek out ideas of talented students for developing innovative digital solutions that can be used to redefine the retail and rural lending landscape in India.
Focus on digital innovations
The initiative is in alignment with Fullerton India’s agenda of continued focus on digital innovations to improve consumer experience. Finnovatica programme of Fullerton consists of three stages:
- Genesis: In the first stage, ideas from students are received;
- Appathon: This is the second stage, where shortlisted teams are first mentored by senior executives of Fullerton India and subsequently, the ideas are presented to an eminent jury, and;
- The Final Arena: In the final stage, the shortlisted teams give a demo of their fully functional prototypes and after that the winners are announced.
Students to be mentored on business viability of ideas
Finnovatica programme, this year, has got an active participation from around 200 students from six premier engineering institutions from across the country. During the second round, the aspirants will be counselled and mentored by senior executives of Fullerton India, on the business viability of their ideas. The ideas presented by the participating teams at the programme will facilitate utilisation of new technology to improve customer experience, introduce innovative ways to redefine business processes and discover new channels for customer acquisition.
Speaking on the Finnovatica programme, Rajashree Nambiar, MD & CEO, Fullerton India, said, “We launched Finnovatica last year to boost entrepreneurship skills among promising students and encourage the young minds to bring in new ideas that can help improve efficiencies in our day-to-day business.”
“We will continue to support these bright minds to create new technological solutions and guide them to transform their ideas into scalable business models. This initiative is a part of our overall agenda of being a digitally-driven organisation to offer enhanced consumer experience,” she added.
Fullerton India has been dedicated to enhancing customer experience and to increase its reach through the digital assets development by using unique initiatives for ensuring speedy and hassle-free loan processing.