Kanpur: The Indian Institute of Technology (IIT), Kanpur and National Payments Corporation of India (NPCI) have signed a Memorandum of Understanding (MoU) for sharing knowledge on innovative ideas and to collaborate on the development of indigenous digital payments solutions. The collaboration will also help in the augmentation of cybersecurity controls for NPCI and its subsidiaries’ products and services. The MoU will precipitate a wide array of collaborative efforts between NPCI and IIT Kanpur.
With this collaboration, eminent faculty members from the institute will conduct deep informative sessions and deliver lectures for NPCI personnel on Cybersecurity and the new trends in Artificial Intelligence (AI), Machine Learning (ML), Security Product Roadmaps, and Distributed ledger technologies (DLT). NPCI, on the other hand, will offer internship opportunities to IIT Kanpur students, providing them an invaluable experience of working on live projects of NPCI. The domain-centric knowledge and expertise of IIT Kanpur scholars will aid NPCI in expeditiously executing the ever-evolving requirements of consumer-oriented offerings.
Commenting on the MoU, Prof. Abhay Karandikar, Director, IIT Kanpur said, “IIT Kanpur has been at the forefront when it comes to developing secure and innovative solutions to digital transaction and storage of data.”
Antony Prakash, Chief Information Security Officer (CISO), NPCI said, “At NPCI, we are committed to building a robust digital payments infrastructure and are constantly creating innovative offerings for a seamless payments system. The association provides NPCI and IIT-K an excellent opportunity to develop advanced technical solutions.”