Religare Enterprises and Nasscom Coe have partnered to enhance Religare’s business processes and solution landscape through the infusion of cutting-edge technology. The collaboration aims to improve customer experience, drive operational efficiencies, and create long-term value within the sector.

Collaboration between Religare and nasscom CoE: A Step towards Technological Advancement in the Financial Services Sector

One of the key highlights of this partnership is the access that Religare will gain to nasscom CoE’s vast network of startups and SMEs specializing in emerging technologies such as AI, ML, AR/VR, Robotics, Blockchain, Drones, and IoT. This access to relevant innovators and their technology will empower Religare to leverage the expertise of these startups in bridging the gaps in their business operations and solution landscape. The potential for tailored collaborations and opportunities within the enterprise and BFSI sector is truly exciting.

The launch of the Fifth version of the Healthcare Innovation Challenge (HIC) by nasscom CoE is an additional aspect of this partnership that deserves recognition. By working closely with Religare Group’s Care Health Insurance Ltd, nasscom CoE aims to bring digital technology solutions to the health insurance industry. This initiative aligns with the larger goal of digital transformation within the healthcare sector, contributing to increased efficiency, improved patient care, and better overall outcomes.

Dr. Rashmi Saluja, Executive Chairperson of Religare Enterprises Ltd, rightly emphasizes the significance of integrating technological innovations in their core and future businesses. This collaboration paves the way for Religare to become a 360-degree financial services provider, delivering unparalleled value to their customers and shareholders. The vision to support startups born in India, focusing on India-specific solutions, not only aligns with the government’s Atmanirbhar Bharat initiative but also strengthens India’s global leadership in technology and innovation.

The partnership between Religare and nasscom CoE encompasses various initiatives that have the potential to reshape the future of financial services. The opportunity for Religare to gain access to a curated pool of innovators, identify strategic investment opportunities in startups, and mentor CoE-incubated startups is incredibly promising. This alliance will further propel Religare’s digital transformation journey, positioning the company at the forefront of the industry.

Overall, the collaboration between Religare Enterprises Limited and nasscom CoE for IoT & AI signifies a significant milestone in the financial services sector’s technological advancement. By leveraging the strengths of both organizations and harnessing the power of emerging technologies, this partnership has the potential to drive operational efficiencies, enhance data security, and deliver innovative solutions that will shape the future of the industry.

Religare-nasscom CoE Collaborate to Drive Tech Innovation

Religare Enterprises Limited (REL), India’s leading diversified financial services group, and nasscom CoE for IoT & AI, have entered a strategic partnership to strengthen REL’s business processes & solution landscape, making it future-ready through the infusion of cutting-edge technology and innovation. The collaboration will harness the collective strengths of both organisations to enhance customer experience and drive operational efficiencies and data security while creating long-term value within the sector.

nasscom CoE’s expertise in co-creation and vast network of startups and SMEs specializing in emerging technologies such as AI,ML, AR/VR, Robotics, Blockchain, Drones, and IoT, will present Religare Group the access to relevant innovators and their technology. The Group will continue to explore potential business collaborations tailored to the company’s specific needs and seize possible opportunities to benefit the enterprise and BFSI sector.

With the announcement, nasscom CoE has also launched the Fifth version of the Healthcare Innovation Challenge (HIC), a one-of-its-kind initiative to tackle the challenges healthcare providers face in their journey to digital transformation. Religare Group’s Care Health Insurance Ltd, a leader in the health insurance space, will work with nasscom CoE in bringing digital technology solutions for the health insurance industry.

Announcing the partnership, Dr Rashmi Saluja, Executive Chairperson, Religare Enterprises Ltd said: “Our collaboration with nasscom CoE signifies a significant milestone in our journey towards becoming a 360-degree financial services provider by nurturing, adopting, and integrating technological innovations in our core and future businesses. By harnessing the power of emerging technologies, we aim to strengthen our business operations, enhance diligence, and deliver unparalleled value to our customers and shareholders. It is our vision that this partnership will not only accelerate our digital transformation but also enable us to support other players in the financial services sector to undertake this journey.”

“Furthermore, our vision is to support startups that are born in India and focused on India-specific solutions. In doing so, we are aligning ourselves with the government’s vision of an Atmanirbhar Bharat – a self-reliant and economically strong nation. Nurturing these startups will enable us to retain talent and ownership of India-centric solutions, thereby strengthening our global leadership in technology and innovations.”

The strategic partnership between Religare and nasscom CoE encompasses several key initiatives that aim to shape the future of financial services. Religare will gain access to a curated pool of innovators through regular pitch sessions, opening doors for potential collaborations in the near future. Additionally, Religare will have an early advantage in identifying strategic investment opportunities in startups, fostering innovation, and driving growth.

Emphasizing the potential of this partnership Mr Sanjeev Malhotra, CEO, nasscom CoE said: “Religare and its entities will jointly work on use-cases and co-create solutions with the startup ecosystem that will promote homegrown tech innovation driving significant impact on enterprises and create business value.”

As part of this partnership, Religare will also have the opportunity to mentor two CoE-incubated startups, leading to the nurturing of entrepreneurial talent. This strategic partnership will propel Religare’s digital transformation journey and position the company at the forefront of the industry, delivering cutting-edge solutions and unprecedented value to its customers.