scorecardresearch
Follow Us:
Sunday, July 25, 2021

IIT-Kanpur to set up Fintech Innovation Centre

The IIT claims that the centre will "research and develop technological solutions to address challenges and explore opportunities in the BFSI space". The Bank will get access to the pool of Fin-Techs incubated by IIT-Kanpur along with their innovative solutions.

By: Education Desk | New Delhi |
Updated: January 8, 2021 10:04:12 am
IT-Kanpur, said with the establishment of PNB-FIC at IIT-Kanpur research will be undertaken in Fintech related neo-technologies for developing advanced solutions for the Bank. (Image by Pixabay/Representational)

The Indian Institute of Technology (IIT), Kanpur will set-up a fintech innovation centre at its campus in partnership with the Punjab National Bank (PNB).

The IIT claims that the centre will “research and develop technological solutions to address challenges and explore opportunities in the BFSI space”. The bank will get access to the pool of Fin-Techs incubated by IIT-Kanpur along with their innovative solutions.

Read | IIT-Kanpur launches diploma programme in Earth Science

“The Fintech Innovation Centre will be supported by a holistic ecosystem of financial institutions, academia, venture capital funds, technology companies and key government organisations. Planned focus areas include fintech, digital lending, payments, cybersecurity, etc,” the official notice stated.

CH S S Mallikarjunarao, MD & CEO, Punjab National bank said, “This shall provide an opportunity to the start-ups and Fintech companies incubated by IIT Kanpur to develop technological solutions for Punjab National Bank and financial ecosystem. We need to provide omni-channel solutions to various segments of customers like retail, agriculture, MSMEs etc. with forward and backward linkages. It is important to ensure the last mile connect and Turn Around Time (TAT) in satisfying the customer requirements through digital or physical touch-points at every link. The fintech players and startups can participate in developing customer-facing technology solutions to extend the link between customer and bank through peripheral solutions, open banking etc.”

Prof. Amitabha Bandyopadhyay from IIT-Kanpur, said with the establishment of PNB-FIC at IIT-Kanpur research will be undertaken in Fintech related neo-technologies for developing advanced solutions for the Bank.

Emerging courses to pursue: Virology | Actuarial science |  Pharma Marketing | FinTech Coronavirus | Robotics | Healthcare Engineering | Cyber Security | Data Science | Petroleum and Energy | Design Strategy | Business analytics | Digital auditing | Digital marketing | Luxury management | Machine learning | Gaming Industry | Product design | Transport mobility design | IoT and social media

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Education News, download Indian Express App.

  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
Advertisement

Advertisement
Advertisement
Advertisement