Current Affairs - Banking - Discussion

The State Bank of India (SBI) has taken a significant step in driving financial innovation and digital transformation by launching the 'SBI Innovation Hub' in partnership with APIX at the Singapore Fintech Festival. This initiative provides a dedicated space for global FinTechs, startups, and innovators to create next-generation financial solutions catering to SBI's diverse customer base. The hub offers access to over 250 financial service APIs, a sandbox environment, and opportunities for collaboration, hackathons, and strategic partnerships. This move underscores SBI's commitment to financial inclusion, customer-centric solutions, and its vision for digital transformation.