PNB collaborates with IIT Kanpur to set up Fintech Innovation Centre

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.

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, the bank said in a statement.

he 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.

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, it said

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