"Firms are emerging in areas such as building financial products, distribution, payment and analytics.

Top bankers recently met at a luxury hotel in Bengaluru to discuss how to innovate startups, from sourcing ideas to influencing direction of new product development. The theme of the event revolved around how to combine the spirit of traditional business powerhouses with startups. In fact one of the guests confessed that he didn't know much about the new age firms and he had to actually Google the word 'startup'.

The chief information officers of..."

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