The Indian Institute of Banking & Finance (IIBF) and Institute for Development & Research in Banking Technology (IDRBT) have taken an initiative to jointly commence a “Research Fellowship in Banking Technology.” It aims to sponsor technically and economically feasible research projects which has the potential to contribute significantly to the Banking and Finance industry.

The trust areas identified to undertake research in Banking Technology are:

• Cyber Security
• Analytics
• Mobile Banking
• Emerging Technologies
• Payment Systems

Once selected, the researcher has to complete the research within 6 months. During the period of six months, the awardee can avail the infrastructural facilities available at IDRBT for a maximum period of four weeks. This phase which will be available twice during the six-month period, can be used by the awardee to carry out his/her research, test the same in simulated conditions, interact with the faculty of IDRBT and with CTOs/CISOs of banks and financial institutions. The selected research project carries a cash award of Rs.5,00,000/- (Rupees Five lakhs only). This will be fully funded by IIBF.