PNB partners with IIT Kanpur to set up Fintech Innovation Centre

Punjab National Bank lately announced an alliance with IIT Kanpur and the Foundation for Innovation & Research in Science & Technology (FIRST) for establishing a 'Fintech Innovation Centre (FIC)' as a vehicle to research and develop technological solutions to address challenges and explore opportunities in the BFSI space at the institute's campus.

PNB intends to create new products or solutions with technological innovations by creating a FIC involving IITK's experienced faculty members with the help of FIRST. The collaboration of technical prowess from IIT Kanpur and financial expertise of PNB make it an apt "Fin-Tech" partnership that will help build innovations and entrepreneurial excellence, the FIC will be supported by a holistic ecosystem of financial institutions, academia, VC funds, technology companies and key government organisations.

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