IISc Bangalore Partners with NPCI to Establish CoE for Deep Tech Research and Development

Ankita Garkoti Senior Content Writer

Senior Content Writer

Research at the NPCI–IISc Centre of Excellence (CoE) will use tools like distributed systems, cryptography and machine learning to come up with scalable blockchain payment systems. Read full details here!

New Delhi: The National Payments Corporation of India (NPCI) has signed a Memorandum of Understanding (MoU) with IISc Bangalore to establish the NPCI–IISc Centre of Excellence (CoE) for Deep Tech Research & Development.

The CoE will enable the NPCI and IISc Bangalore to jointly conduct research on AI and Blockchain Technology, especially on scalable blockchain platforms and using muit-modal analytics for fintech data.

Vishal Kanvaty, Chief Technology Officer at NPCI, spoke about the potentials of the partnership at the event. “At NPCI, we continuously explore new possibilities to augment the consumer experience by leveraging emerging technologies. This latest development marks an important step towards achieving that goal, and we take immense pride in collaboration with IISc”.

The inauguration of the NPCI - IISC CoE for Deep Tech Research and Development

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Speaking about the change that the joint research projects at the CoE could bring about in how payments are made across India, he also said, “As our nation progresses towards digital sustainability, we recognize the significant potential for research in deep technologies such as blockchain and AI to further enhance the payment landscape, and we are grateful to have the bright minds assist us in this ambitious endeavour.”

Prof Yogesh Simmhan, Associate Professor at the Department of Computational and Data Sciences, IISc, also lauded the program and its measured outcomes. “The joint research envisioned between NPCI researchers and IISc faculty members working on distributed systems, cryptography and machine learning provides a unique opportunity for translational research that can enhance the scalability and effectiveness of the billion-scale platforms managed by NPCI,” he said at the event.

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