AJNIFM signed MoU with Microsoft

Published on July 03, 2021
Current Context: The Arun Jaitley National Institute of Financial Management (AJNIFM) signed MoU with Microsoft to develop a strategic partnership to build an AI and emerging technologies Centre of Excellence (CoE) at AJNIFM.
AJNIFM signed MoU with Microsoft
  • This partnership will enable us to explore the role of cloud, AI and emerging technologies in order to transform public finance management in India.
  • The CoE at AJNIFM will be a central research body that will allow research in AI scenario envisioning and tech-led innovation.
  • Both the entities will jointly explore the use cases of emerging technologies in finance and allied areas at central, state, public sectors.
  • The tech giant Microsoft will define the future of public finance and it will offer technological tools and resources to develop a strong financial ecosystem in India.
  • Both the entities will also offer training sessions to the public sector officials about the application of emerging technologies in finance management so that they can address various risks and issues like money laundering. They will be able to use ML-based modules to make decisions, incorporate tech in finance etc.
  • Both Microsoft and AJNIFM will involve partners, academia and MSMEs to perform innovation in financial management.
  • Static Part: 
    • HQ of Microsoft: Redmond, Washington, United States
    • CEO of Microsoft: Satya Nadella
    • HQ of AJNIFM: Faridabad, Haryana

Question: 

Q.1 With which tech giant has Arun Jaitley National Institute of Financial Management (AJNIFM) signed MoU to develop a strategic partnership to build an AI and emerging technologies Centre of Excellence (CoE) at AJNIFM?
a. Google
b. Intel
c. Microsoft
d. Accenture

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