UK Based Natwest Group To Invest Upto $2 Mn In AI Digital Startups In India

(MENAFN- KNN India) New Delhi, Sep 23 (KNN) UK-based NatWest Group is strengthening its focus on technology innovation and expanding its engineering presence in India.

The bank plans to invest between $250,000 and $2 million in early-stage Indian startups, particularly those working on artificial intelligence, payments, and digital tools.

These investments aim to foster partnerships with tech startups and enhance NatWest's digital capabilities.

Alongside startup investments, NatWest is expanding its Global Capability Centres (GCCs) in India, with plans to hire an additional 3,000 engineers.

Currently, over half of the bank's engineering team is based in India, highlighting the country's importance in its digital transformation journey.

The expanded Bengaluru GCC will focus on building customer-facing solutions that leverage digital and AI technologies.

NatWest's strategy reflects a growing trend among global banks to tap into India's skilled technology workforce. India hosts more than 1,700 global capability centres, contributing significantly to the country's tech and financial sectors.

By investing in local startups and expanding its engineering team, NatWest aims to drive innovation, improve digital services, and strengthen its competitive edge in the financial industry.

This move underscores India's emergence as a key hub for technology and innovation in the global banking sector. NatWest's investments and talent expansion not only benefit its own digital initiatives but also contribute to the broader startup ecosystem in India.

(KNN Bureau)

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