IIT Bombay launches SBI Foundation Hub for Data Science and Analytics

ABHAY ANAND

Manager Editorial

New Delhi, Updated on Sep 20, 2023 14:11 IST

This Hub will include a dedicated lab space and is being set up under IIT Bombay's Centre for Machine Intelligence and Data Science (C-MInDS).

The Indian Institute of Technology Bombay has started ‘SBI Foundation Hub for Data Science and Analytics’ in partnership with the SBI Foundation. This Hub will leverage the Institute’s expertise in data science and analytics and artificial intelligence to address and solve real-world challenges in the Indian banking and financial services (BFS) sector.

As per a statement issued by IIT Bombay, the Hub is expected to play a key role in fostering innovation in the digital banking space, facilitate research in emerging areas in fintech, and broaden the community of banking analytics professionals.

It will also enhance competencies, expand the talent pool with expertise in banking analytics, and engage in other outreach activities. This Hub will include a dedicated lab space and is being set up under IIT Bombay's Centre for Machine Intelligence and Data Science (C-MInDS).

Speaking at the event, Chairman, SBI, Dinesh Khara said: “At SBI, Data and AI are not just tools but integral parts of our strategy, enabling us to provide greater convenience, reliability, and innovation to our customers. Together, with IIT Bombay, we endeavour to portray a new era in banking, fostering research, training, and upskilling, while enhancing our nation's AI capabilities in BFSI analytics. The setting up of the 'SBI Foundation Hub for Data Science and Analytics' at IIT Bombay is a testament to SBI's.”

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About the Author

ABHAY ANAND

Manager Editorial

Abhay an alumnus of IIMC and Delhi University, has over a decade long experience of reporting on various beats of journalism. During his free time he prefers listening to music or play indoor and outdoor games.