National Payments Corporation of India (NPCI) has forged a strategic partnership with the Indian Institute of Science (IISc), Bangalore, to conduct joint research on Blockchain and Artificial Intelligence (AI) technology. This collaboration aims to establish the “NPCI–IISc Centre of Excellence (CoE) for Deep Tech Research & Development” to drive innovation in the fintech sector.
Partnership Focus Areas
- Scalable Blockchain Platforms: Addressing scalability challenges in blockchain technology for enhanced performance and efficiency.
- Multi-Modal Analytics over Fintech Data: Developing advanced analytics techniques to derive insights from diverse financial data sources.
Collaborative Efforts
- Interdisciplinary Faculty Engagement: Faculty members from five departments at IISc will collaborate with NPCI researchers to tackle practical challenges in scalable blockchain platforms and multi-modal analytics.
About NPCI
National Payments Corporation of India (NPCI) is India’s leading organization for operating retail payments and settlement systems. Since its inception in 2008, NPCI has pioneered transformative payment solutions such as RuPay card, UPI, and BHIM, driving India towards a digital economy.
About Indian Institute of Science (IISc), Bangalore
Established in 1909, IISc is India’s premier institute for advanced scientific and technological research. Recognized as an Institution of Eminence (IoE) by the Government of India, IISc is committed to fostering innovation and excellence in education and research.
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