Hyderabad, Aug 27 (IANS): T-Hub, a global startup catalyst and HSBC, one of the world's largest banking and financial services organizations, on Monday announced the selection of five startups in the first wave of the Accelerator 2030 programme.

Launched in April, the programme provides support and mentoring for five startups for 10-weeks to help them develop innovative products and solutions that will drive world-class banking operations of the future, according to a statement here.

The cohort of startups had a unique opportunity to work with the leaders from HSBC Operations and within the bank's digital infrastructure to create a Proof of Concept (PoC) for their solutions.

The startups were asked to use Artificial Intelligence (AI) and Machine Learning in developing the PoCs which were presented to a judging panel of leaders from HSBC operations and a T-Hub team of finance, marketing, and emerging technology experts.

"The startups have proved to be exceptionally talented, developing cutting-edge technologies that will play a role in helping HSBC, source innovative interventions within their banking value chain," said Jay Krishnan, CEO, T-Hub.

"We are excited about the possibilities of working with these startups to help improve our customer journeys, and look forward to continuing our collaboration with them," said Tom Acton, Global Head of Strategy and Innovation, HSBC Operations.

The start-ups which presented PoCs to HSBC were Abda Digital, Tookitaki Technologies,

Capital Quant Solutions (CQS), vPhrase Analytics Solutions and Morph.ai