Ericsson partners with IIT Delhi’s FITT to foster fintech innovation through research collaboration, targeting scalable solutions for real-world financial challenges.
Ericsson, a global leader in mobile technology, has partnered with the Foundation for Innovation and Technology Transfer (FITT) at the Indian Institute of Technology Delhi (IIT Delhi), a prestigious institution known for cutting-edge research and development in technology. This collaboration aims to accelerate fintech innovation by combining academic excellence with industry expertise to create scalable solutions for real-world financial challenges.
The partnership will see Ericsson’s Mobile Financial Services (MFS) R&D team working closely with IIT Delhi’s faculty and students. Together, they will explore key areas of fintech such as security frameworks, scalable models, and the application of AI in digital finance. The initiative will kick off with a Proof-of-Concept (PoC) project, targeting specific challenges in the digital finance landscape, with future plans to expand into AI-driven solutions and regulatory technologies.
Industry-Academia Collaboration to Drive Next-Gen Digital Finance Solutions
Jon Påhls, Head of Engineering at Ericsson Mobile Financial Services, emphasized the importance of India’s fintech ecosystem, which is considered one of the most advanced in the world.
By combining academia’s research excellence with industry expertise, we aim to drive meaningful advancements in mobile financial services that will benefit global markets.”
Jon Påhls, Head of Engineering at Ericsson Mobile Financial Services
This partnership is a significant step forward in fostering research-driven innovation in digital finance. By leveraging cutting-edge technology, we aim to enhance financial inclusion and shape the future of fintech solutions.”
Dr. Nikhil Agarwal, Managing Director of FITT at IIT Delhi
The Memorandum of Understanding (MoU) was officially signed by Rajesh Gupta, Whole-Time Director, and Abhishek Kumar, Head of People Function at Ericsson India, along with Dr. Nikhil Agarwal from IIT Delhi. The signing ceremony was attended by senior representatives from both organizations, marking the beginning of a long-term collaboration to advance fintech research, develop industry-ready talent, and position India as a global leader in digital financial solutions.
