Ericsson and the Foundation for Innovation and Technology Transfer (FITT) at the Indian Institute of Technology Delhi (IIT Delhi) announced a strategic research collaboration focused on the advancement of financial services.
This partnership aims to enhance fintech innovation, develop industry-aligned talent, and strengthen India’s role in shaping the future of digital finance. With the leverage of India’s fintech leadership, it develops scalable solutions addressing real-world industry challenges.
The MoU was signed by Rajesh Gupta, Whole-Time Director, and Abhishek Kumar, Head of People Function from Ericsson India, along with Dr. Nikhil Agarwal. The signing ceremony was attended by senior representatives from Ericsson Mobile Financial Services and IIT Delhi’s leadership.
Ericsson’s Mobile Financial Services (MFS) R&D team that focuses on Mobile Financial Services will join with FITT at IIT Delhi’s faculty and students to look into important areas of financial technology, such as ways to keep data safe, building strong fintech systems, and examples from around the world.
The research will start with a Proof-of-Concept (PoC) project to test a specific challenge in digital finance, and there is a chance to expand their work into other areas like smart financial solutions using AI and technology for following rules and regulations.
Jon Påhls, Head of Engineering at Ericsson Mobile Financial Services, said, “This collaboration with FITT at IIT Delhi aligns with our commitment to innovation-led research. India’s fintech ecosystem is among the most advanced in the world, and by bringing together academia and industry, we aim to drive meaningful advancements in mobile financial services that can benefit global markets.”
Also Read: Ericsson Launches Cognitive Labs to Propel Open-Source AI ResearchDr. Nikhil Agarwal, Managing Director of FITT, at IIT Delhi stated, “The MoU signing between Ericsson MFS and FITT, at IIT Delhi marks a significant partnership, fostering research and development in mobile financial services. This collaboration is expected to drive innovation, advance financial inclusion, and shape the future of digital finance through cutting-edge technological advancements.”
