State Bank of India (SBI) today signed an MoU with IIT Kharagpur to foster innovation in the financial technology space.
The wider programme includes ideation, incubation, experimentation and commercialization of new technology driven products and services for the banking sector, SBI said in a statement.
These institutions of national importance have come together to bring the benefits of synergy and complementing each other's capabilities to take innovation and fin-tech, it said.
The action plan includes collaborative research, Centre of Excellence (CoE) and running proof of concepts in various areas, it added.
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