Bajaj Finserv unveils “Finserv Intelligence,” an organization-wide applied research and innovation platform centered on artificial intelligence (AI), cybersecurity, quantum technologies, and digital financial services, emphasizing the financial services conglomerate's strategic investment in internal technology development.

The firm stated it intends to allocate Rs.1,500–2,000 crore in the next five years to AI-driven innovation startups — from seed stage to Series B — via the platform.

It has formed collaboration with the Indian Institute of Technology (IIT) Bombay to create a joint research center dedicated to emerging technologies.

“The upcoming ten years of value generation in financial services will be dominated by those who develop the technology that drives it. We have decided to develop, and to develop in India,” stated Sanjiv Bajaj, chairman and managing director of Bajaj Finserv.

The initiative arises amid India’s private-sector research and development (R&D) expenditures still falling behind global counterparts. The company stated that the platform seeks to connect academia, industry, and national priorities by uniting research institutions, startups, and in-house experts within one innovation ecosystem.

Rajeev Jain, vice chairman and managing director of Bajaj Finance, stated that the platform would provide startups with more than just funding.

Jain stated that startups will connect directly with Bajaj Finserv’s enterprise ecosystem, which includes our governance structures, financial prudence, operational expertise, and market knowledge.

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The project will primarily concentrate on AI uses within the banking, financial services, and insurance (BFSI) industry, along with cybersecurity, quantum technologies, and transforming physical retail experiences. Eventually, the platform is anticipated to grow into areas of digital financial inclusion, health technology, and climate risk solutions.

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Prof. Shireesh Kedare, director of IIT Bombay, stated that the partnership would enhance the industry-academia relationships essential for speeding up the commercial implementation of research-based technologies.

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The platform is designed with a five-to-10-year outlook and will function through a combination of research laboratories, centers of excellence, venture-driven approaches, and academic partnerships.