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Punjab National Bank on Thursday announced an alliance with IIT Kanpur and the Foundation for Innovation & Research in Science & Technology (FIRST) for establishing an innovation centre at the institute s campus. Under this partnership, PNB and IIT Kanpur will set up a Fintech Innovation Centre (FIC) as a vehicle to research and develop technological solutions to address challenges and explore opportunities in the BFSI space, the bank said in a statement. PNB intends to create new products or solutions with technological innovations by creating a FIC involving IITK s experienced faculty members with the help of FIRST, it said. The collaboration of technical prowess from IIT Kanpur and financial expertise of PNB make it an apt Fin-Tech partnership that will help build innovations and entrepreneurial excellence, it said, adding, the FIC will be supported by a holistic ecosystem of financial institutions, academia, VC funds, technology companies and key government organisation

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