Bank of Baroda

Bank of Baroda Innovation Center (BOBIC)

Located within IIT Bombay’s campus the Innovation Center is the first of its kind initiative. This industry-academia partnership focuses on FINTECH between a leading BFSI organization and a Technology Institute of Eminence. The objective of the center is to evaluate and adopt emerging technologies, develop a culture of Innovation, foster innovations in the financial hardware space and contribute to bank’s digital strategy. The center is expected to be the fountainhead of innovation for the entire Bank of Baroda group including Capital Markets, Asset Management, Insurance, Shared Services etc.

Research Areas

The Innovation Centre will act as an innovation fountainhead and generate inventive solutions to the software and hardware challenges faced by the banking industry as a whole.

Bank of Baroda will also institute the ‘100 Ideas Program’ at the Innovation Center to support the creation of 100 start-ups and R&D projects over a period of five years. The ‘100 Ideas Program’ is divided into four categories: Pre-Incubation, Incubation, Acceleration and R & D projects.

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About BOBIC

The ‘100 Ideas programme is divided into Pre-Incubation, Incubation, Acceleration and R & D projects.