India, May 29 -- Bajaj Finserv has launched Finserv Intelligence, a group-wide strategic initiative focused on applied research, innovation, and investments in next-generation technologies.

The initiative will begin with a partnership with the Indian Institute of Technology Bombay (IIT Bombay) to support research in artificial intelligence (AI), cybersecurity, quantum technologies, retail experience, and innovation.

Bajaj Finserv companies also plan to invest Rs 1,500-2,000 crore over five years in startups and early-stage companies with strong scalability potential across AI, cybersecurity, quantum technologies, fintech, and consumer technology platforms.

The company said Finserv Intelligence will focus on high-tech, low unit-cost, an...