Ericsson & IIT Delhi’s FITT Join Forces to Advance Fintech Innovation

Ericsson has joined hands with the Foundation for Innovation and Technology Transfer (FITT) at the Indian Institute of Technology Delhi (IIT Delhi) to drive fintech innovation through strategic research collaboration. This initiative seeks to harness India's advanced fintech ecosystem to create scalable solutions addressing real-world financial challenges.

As part of this partnership, Ericsson’s Mobile Financial Services (MFS) R&D team will work closely with IIT Delhi’s faculty and students to explore critical aspects of financial technology. Key focus areas include security frameworks, scalable fintech models, and global industry use cases. The collaboration will begin with a Proof-of-Concept (PoC) project, tackling a specific digital finance challenge, with future expansion into AI-driven financial 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 significance of this collaboration, stating, “India’s fintech ecosystem is among 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.”

Dr. Nikhil Agarwal, Managing Director of FITT at IIT Delhi, highlighted the partnership’s impact, saying, “This collaboration is a 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.”

The Memorandum of Understanding (MoU) was officially signed by Rajesh Gupta, Whole-Time Director, and Abhishek Kumar, Head of People Function at Ericsson India, alongside Dr. Nikhil Agarwal from IIT Delhi. Senior representatives from Ericsson MFS and IIT Delhi’s leadership attended the signing ceremony, marking the beginning of a long-term collaboration to advance fintech research, nurture industry-ready talent, and position India as a global leader in digital financial solutions.