NPCI Partners with IISc for Joint Research on Blockchain and AI

In an ambitious move to enhance technological advancements in financial technology, the National Payments Corporation of India (NPCI) has entered into a strategic collaboration with the Indian Institute of Science (IISc) in Bangalore. This partnership, set against the backdrop of a rapidly evolving digital landscape, is focused on joint research efforts in the areas of blockchain and Artificial Intelligence (AI).

Foundation of a Research Alliance

Both institutions have come together to set up the 'NPCI-IISc Centre of Excellence for Deep Tech Research & Development' to spearhead innovation in the realm of deep technologies. The endeavor aims at creating scalable blockchain platforms and employing multi-modal analytics on extensive fintech data, which has the potential to revolutionize the payment sector and beyond. This initiative marks a significant commitment to sustained research and development in cutting-edge technologies that could redefine how we interact with financial services.

Melding Minds and Expertise

Bringing together the best of both worlds, the collaboration will see IISc's leading faculty members from five distinct departments joining forces with NPCI's researchers. Together, they will tackle practical challenges associated with scalability, privacy, neural networks, Graph AI, and Large Language Models, among others. As one of India's most esteemed academic institutions, IISc will bring a wealth of knowledge and experience to the table, thereby magnifying the expertise applied to these complex technological areas.

Expected Outcomes and Impact

Through this synergistic partnership, NPCI and IISc anticipate the devising of innovative solutions to the intricate issues of engineering and technology in the financial domain. These solutions will likely have a significant impact on the efficiency, security, and reliability of digital transactions, bolstering India's position as a global leader in fintech innovation.

NPCI, IISc, Blockchain, AI, Fintech, Collaboration, Research, Technology, Innovation