Singapore’s sovereign wealth fund Temasek has entered into a strategic partnership with Indian fintech platform Zulia and an undisclosed Indian bank to drive innovation in digital banking and financial services. The collaboration is aimed at leveraging technology to deliver seamless, customer-centric solutions across the Indian financial ecosystem, addressing the growing demand for accessible and efficient banking services.

Zulia, known for its cutting-edge digital banking solutions, will work alongside Temasek and its banking partner to co-develop innovative platforms that cater to a diverse range of customer needs. The partnership focuses on creating digital-first solutions, integrating advanced technologies such as artificial intelligence and machine learning to enhance user experiences and operational efficiency.

This collaboration underscores Temasek’s commitment to fostering technological advancements in emerging markets like India, where digital transformation in banking has accelerated rapidly. By aligning with Zulia and its Indian banking partner, Temasek aims to strengthen its presence in the fintech space while contributing to the modernization of India’s financial landscape.

The initiative is expected to streamline services such as digital lending, payments, and wealth management, making them more accessible to underserved segments of the population. With India’s growing adoption of digital financial services, this partnership is poised to play a pivotal role in driving financial inclusion and economic growth in the region.

Through this alliance, Temasek, Zulia, and the Indian bank seek to redefine the future of banking in India by combining global expertise with local insights, fostering innovation, and delivering impactful solutions that benefit customers and businesses alike.