Global Fintech Hackathon Series i-Sprint21 Launched By IFSCA

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09 October 2021 Current Affairs:‘I – Sprint’ 21’ is launched by International Financial Services Centres Authority (IFSCA)

♦ The Global FinTech Hackathon series ‘I- Sprint’21’  has been launched and the first set in the sprint is ‘Sprint01: BankTech’.
♦ The First sprint focuses on the Banking sector, which is organised by  IFSCA and GIFT city in collaboration with NITI Aayog.
♦ ICICI Bank, HSBC Bank, iCreate, Zone Startups and Invest-India are the partners of Hackathon.
♦ This will be virtually conducted globally and open for all eligible Fintechs
♦ The prize money for the Hackathon is Rs 24 lakh.
♦ IFSCA was founded by the Ministry of Finance on April 27 2020 to regulate all financial products, services and institutions.
♦  These financial products, services and institutions are regulated in the International Financial Services Centres (IFSCs) in India with its headquarters in GIFT city in Gandhinagar, Gujarat.

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