MeitY has initiated a Centre of Excellence (CoE) on FinTech at STPI, Chennai to provide infrastructure, resources, coaching/ mentorship, technology support and funding to emerging start-ups in the FinTech sector. The proposed CoE would establish ecosystem around FinTech with the latest trends and technologies in the financial services sector through a collaborative approach including NPCI, UIDAI and Partner Banks. The purpose of the FinTech CoE is to create holistic ecosystem so as to enable start-ups to experiment their innovative financial products or services within a well defined space and duration. The project aims to support 58 start-ups over a period of 5 years.
