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‘I-Sprint’21’—IFSCA and GIFT City

Published on October 10, 2021
Current Context: The International Financial Services Centres Authority (IFSCA) and GIFT City launched I-Sprint’21.
‘I-Sprint’21’—IFSCA and GIFT City
  • The I-Sprint’21 is the global FinTech Hackathon Series S’print01: BankTech’.
  • It focuses on fintech for the banking sector.
  • The Banktech is hosted by IFSCA and GIFT city in partnership with NITI Aayog.
  • The ICICI Bank, HSBC Bank, iCreate, Zone Startups, and Invest-India are the partnered entities of the hackathon.
  • The hackathon will work to connect IFSCA and GIFT IFSC with fintech.
  • It will also work to solve the business problems for various banking units at GIFT IFSC.
  • The hackathon will prove a platform for the promotion of retail business for the banking units at GIFT IFSC center.
  • Under the hackathon, the final participants will be given an entry into IFSCA Regulatory/Innovation Sandbox and will be made to work directly with the partner banks.
  • The prize for the hackathon is Rs 24 lakh.
  • Static Part: 
    • HQ of IFSCA: GIFT city in Gandhinagar, Gujarat

Question: 

Q.1 In partnership with which organisation has IFSCA and GIFT city launched I-Sprint’21 which is the global FinTech Hackathon Series S’print01: BankTech’?
a. NABARD
b. SEBI
c. SIDBI
d. NITI Aayog
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