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Kerala Startup Mission has tied up with whom to promote fintech startups?
A)
IFSCA
B)
Meta
C)
Google
D)
NITI Aayog

Correct Answer :   IFSCA


Kerala Startup Mission has tied up with the International Financial Services Centres Authority (IFSCA) for stronger support to nascent fintech and techfin firms through increased capital and a wider global network in the next 3 years.

KSUM and IFSCA signed a memorandum of understanding, subsequently interacting with select fintech startups and holding a session on the international authority’s services as well as schemes.

The pact was inked between KSUM Chief Executive Officer Anoop Ambika and IFSCA Chief Technology Officer Joseph Joshy.

The MoU permits seeking inputs from each other on developmental matters relating to the fintech industry, while also collaborating on events that include global hackathons and education programs.


The parties can jointly hold symposia, webinars, and conferences for the growth of fintech at IFSC in GIFT (Gujarat International Financial Tec-City) of Gandhinagar, pointed out Ambika, noting that the agreement will enable KSUM startups to know more about the global trends in the domain.

Fintechs are businesses that use technology to modify, enhance, or automate financial services for businesses or consumers, while techfins provide software solutions that are not primarily finance-related.

As per the MoU, KSUM-registered fintechs can find listed on international exchanges within IFSC to raise capital. The signatories can create a Joint Working Group or similar mechanisms to discuss mutual interests and remove difficulties..

Source : The Hindu Businessline

Published On : July 28, 2023
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