Question

International Financial Services Centres Authority (IFSCA) has inked an MoU with IHub-Data & ________    to collaborate in supporting and facilitating FinTech and TechFin entities.

A IIT Hyderabad Correct Answer Incorrect Answer
B IIT Madras Correct Answer Incorrect Answer
C IIT Mandi Correct Answer Incorrect Answer
D IIT Guwahati Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

International Financial Services Centres Authority (IFSCA) has inked an MoU with IHub-Data & IIT Hyderabad.    This MoU aims to put in place a framework for cooperation and understanding between IFSCA and IHub-Data, IIT Hyderabad to collaborate in supporting and facilitating FinTech and TechFin entities.    This MoU will enable cooperation and collaboration on diverse initiatives regarding FinTech. FinTechs and TechFins registered with IHub-Data, IIIT Hyderabad may be facilitated to access IFSCA’s Regulatory and Innovation Sandbox and apply to the IFSCA (FinTech Incentive) Scheme 2022.    IHub-Data is a Technology Innovation Hub for Data Banks, Data Services, and Data Analytics (IHub-Data) at IIIT Hyderabad which was established by IIIT Hyderabad under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS) scheme funded by DST, Govt of India with an objective to bring closer different stakeholders – research community, academics, government officials, NGOs, industry leaders, incubating start-ups and social science critics -for enhancing or exploring mutual collaboration.

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