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 advancing financial services. This partnership aims to leverage India’s fintech leadership to develop scalable solutions addressing real-world industry challenges.
As part of this initiative, Ericsson’s Mobile Financial Services (MFS) R&D team will collaborate with FITT at IIT Delhi’s faculty and students to explore key aspects of financial technology, including security frameworks, scalable fintech models, and global use cases. The research will commence with a Proof-of-Concept (PoC) project tackling a specific business challenge in digital finance, with the potential for expansion into broader areas such as AI-driven financial solutions and regulatory technologies.
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.”
Dr. 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.”
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, attended by senior representatives from Ericsson Mobile Financial Services and IIT Delhi’s leadership, marks the beginning of a collaboration that aims to enhance fintech innovation, develop industry-aligned talent, and strengthen India’s role in shaping the future of digital finance.
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