FIS’ Financial Inclusion Lab has been shortlisted as a finalist at the 2017 BAI Global Innovation Awards in the ‘Innovative Accelerator or Incubator’ category. BAI’s awards recognize innovators’ demonstrated excellence in a variety of core banking areas. FIS has been downselected from hundreds of nominations received by the BAI.
Based in Bengaluru, this lab aims to develop innovative ways to extend payments ecosystem to India’s millions of underbanked citizens. The lab has been designed to provide a collaborative environment for experts at FIS to interact with business leaders, government agencies and startups to co-create solutions that cater to those who are currently financially excluded. In addition, the lab also undertakes projects and partners with NGOs across the country to promote financial literacy.