14 startups pitched Fintech solutions related to expanding distribution reach for digital lending, improving efficiency and developing new digital product proposition

Mumbai, July 22, 2019: PNB MetLife, one of the top 10 private life insurance companies in India (fiscal 2018, Source - CRISIL), hosted  the first day of Mumbai Fintech Week at their Corporate Office in Goregaon on 22nd July 2019. This initiative is a part of the Company’s tie-up with The Fintech Meetup , a convention of startup founders and other stakeholders, for the program – “Fintech Yatra”. The Mumbai edition of Fintech Yatra is scheduled from 22nd – 26th July and will be held in  the offices of five Fintech Meetup partners.  Today, 11 startups pitched their solutions to PNB MetLife related to expanding distribution reach for digital lending, improving efficiency and developing new digital product proposition.

The Fintech Yatra is a collaboration aimed at understanding the fintech startup ecosystem of India, their challenges, providing insight on their outreach efforts, and providing them a platform to effectively market their solutions . The epic Yatra will cover 10,000 km journey spanning across 17 cities of India aimed at understanding and leveraging opportunities in the technology space including artificial intelligence/machine learning, blockchain, data sciences, IOT, robotic process application, and computational linguistics, etc. offered by these startups.

Samrat Das, Chief Information Officer, PNB MetLife , said, “As a part of our 3Ds approach – Data, Digitize and Disrupt, we are constantly looking at the solutions to deliver superior customer experience. Through our association with The Fintech Meetup, our aim is to bring in disruptive technologies, which will enhance our efficiencies and help reaching out to new customers.”

Abhishant Pant, Founder, The FinTech Meetup , said, “Access to innovation, creative ideas and right  talent is key to the growth of Insurtech Industry and we are glad that PNB Metlife has joined this mission to act as a catalyst”. 

In 2018, Fintech Yatra was flagged off by  Mr. Devendra Fadnavis, Chief Minister of Maharashtra, from Mumbai, which covered 10,000 Kms in 50 days spanning across 14 cities and 500 startups such as Finlok, HuePay, Bon, Crelytics and many others, participated in the event.

This year’s Fintech Yatra will cover 17 cities across the Country.

About PNB MetLife India Insurance Company Limited
PNB MetLife India Insurance Company Limited (PNB MetLife) has as its shareholders MetLife International Holdings LLC. (MIHL), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji Group and other private investors, with MIHL and PNB being the promoters. 

For more information, follow us on twitter @PNBMetLife1, www.facebook.com/PNBMetLife or visit PNB MetLife

• The marks “PNB” and “MetLife” are the registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks”

About The Fintech Meetup

The Fintech meetup is a Mumbai based Fintech ecosystem builder. It created Mumbai Fintech Accelerator (India’s first and largest PPP Fintech Accelerator), runs The Fintech yatra and drives leadership engagement on Fintech via MDP with IIM-Bangalore.