Now Reading: IIT-M, CAMS expand fintech tie-up through innovation lab
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IIT-M, CAMS expand fintech tie-up through innovation lab
IIT-Madras and Computer Age Management Services (CAMS) have renewed and expanded their fintech collaboration through the CAMS-IIT-M FinTech Innovation Lab (CIFIL). A new MoU was signed on Wednesday at the IIT-M campus,…
The Story in Brief
IIT-Madras and Computer Age Management Services (CAMS) have renewed and expanded their fintech collaboration through the CAMS-IIT-M FinTech Innovation Lab (CIFIL). A new MoU was signed on Wednesday at the IIT-M campus, extending the partnership first established in 2022 under CAMS’ CSR initiatives.
The lab will now focus on emerging areas such as AI in financial services, digital payments, blockchain, tokenisation, cybersecurity, RegulatoryTech, WealthTech, InsurTech, digital lending, data analytics, and financial inclusion. It will also expand research, develop intellectual property, and support commercialisation. IIT-M students will get opportunities for industry-linked research, internships, hackathons, and startup mentoring.
The Indian Opinion
This renewed lab could be another paper MoU unless it delivers measurable outcomes. The hoopla around AI, blockchain, and tokenisation sounds familiar, many industry-academia pacts fade after the press release. What matters is how many students land jobs through the hackathons, how many startups graduate from the mentoring programme, and whether any research actually reaches the market. The test is simple: in two years, count the patents filed and the products commercialised. Until then, scepticism is fair.
Source: deccanchronicle.com
This story was synthesised by AI from the source linked above.
