Your browser is not supported for the Live Clock Timer, please visit the Support Center for support.

PNB collaborates with IIT Kanpur & FIRST to set up Fintech Innovation Centre

CNM Business Reporter 

Nation’s leading public sector bank, Punjab National Bank (PNB), has announced an alliance with the prestigious Indian Institute of Technology (IIT), Kanpur & FIRST (Foundation for Innovation & Research in Science & Technology), to jointly establish the Punjab National Bank – IIT Kanpur Innovation Centre at the IIT campus.
The MoU was signed at the PNB Head Quarters, Dwarka, New Delhi, in the presence of Sh. CH S S Mallikarjunarao, MD & CEO of PNB and top officials from the Bank, IIT Kanpur & FIRST.
Under this partnership, PNB and IIT Kanpur will set up a “Fintech Innovation Centre (FIC)” as a vehicle to research and develop technological solutions to address challenges and explore
opportunities in the BFSI space. PNB intends to create new products / solutions with technological innovations by creating a Fintech Innovation Centre at IITK 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 Fintech Innovation Centre will be supported by a holistic ecosystem of financial institutions,academia, Venture Capital funds, technology companies and key government organizations.
Planned focus areas include Fintech, Digital Lending, Payments, Cyber Security, etc. The Bank will get access to the pool of Fin-Techs incubated by IIT-Kanpur along with their innovative solutions.
Sh. CH S S Mallikarjunarao, MD & CEO, Punjab National bank said, “It is an important day for PNB and IIT Kanpur, where we are embarking on journey to bring expertise of country’s premier
academic institution into Banking & Financial services. 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’s important to ensure 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 on the occasion, “With establishment of PNB-FIC at IIT Kanpur, World class research will be undertaken in Fintech related neo-technologies for developing advanced solutions for the Bank”.

More News from Uncategorized

Hemalini shares a memoir

  CNM Movie Reporter Bollywood dream girl Hema Malini is all set to make a comeback with Shimla Mirchi. Meanwhile, the actor shared an early picture of her film. The picture is very specific. This photo taken by Hemalini in the guise of Goddess is now the talk of the fans. The actor says that she […]

Renji Panicker to release first look teaser of ‘Oru Canadian Diary’

CNM Movie Reporter Debut director Seema Sreekumar who is the granddaughter of poet Kunhiraman Nair,directs the movie Actor-director Renji Panicker will release the first look teaser of ‘Oru Canadian Diary’, directed by debut director Seema Sreekumar under the banner of Sreem Productions, on his official Facebook page at 6 pm on October 14. The movie’s […]

Bollywood actor Saif Ali Khan as Ravana in Prabhas movie Adipurush

Bollywood actor Saif Ali Khan will play the role of Ravana in Prabhas’ movie Adipurush, which is being prepared by Om Rout based on the Ramayana story. This is the first time Prabhas and Saif Ali Khan have teamed up. Prabhas made the announcement on his social media account. Prabhas shared the poster saying that […]

Recent News

Education

Job openings at IIM-Kozhikode&Kochi campuses

January 25, 2021

CNM Career Reporter Recruitment of Support Engineer (IT) on contract Notification No. C-01/2021-IIMK.HR dated 18/01/2021. Indian Institute of Management, Kozhikode invites online applications from eligible candidates for one position of Support Engineer (IT) on contract at IIMK-Kochi Campus Office, Athulya Building, Infopark, Kakkanad, Ernakulam. Job Specification- Educational Qualification M.Tech (Computer Engineering & Network Technology/Computer Science and Engineering / Computer Network Engineering/equivalent)/M.Sc (Computer […]

Vedic IAS Academy launches scholarship program

CNM Reporter Vedic IAS Academy has launched its Vedic Erudite Scholarship Program  in Malabar with the aim of supporting IAS aspirants in the region. Transport Minister AK Sasindran inaugurated the program at a function held at Parambil Bazaar Alba Auditorium in Kozhikode. “ Civil Service is not an impossible task as many think. We need to mold socially responsible and efficient people in […]

December 27, 2020

Faculty deans appointed at Malayalam University

CNM Reporter Thunchath Ezhuthachan Malayalam University has appointed new faculty deans. Dr. TB Dr. Venugopal Panicker (Faculty of Malayalam Studies); C.P. Dr. Achuthanunni (Faculty of Literature), Kalamandalam Haimavathi (Faculty of Arts); Dr. MR Raghav Warrier (Heritage Faculty); KG Paul (Faculty of Traditional Knowledge Systems), prof. K. Karna Maharajan (Faculty of Media), Dr. P.K. . Poker […]

December 18, 2020

More News