IFSCA signs Memorandum of Understanding with IHub-Data and IIIT Hyderabad

Current Context: The MoU was signed on April 28, 2023 at IIIT Hyderabad campus. This MoU will enable cooperation and collaboration on diverse initiatives regarding FinTech, such as accessing IFSCA’s Regulatory and Innovation Sandbox and applying to the IFSCA (FinTech Incentive) Scheme 2022

• This MoU aims to put in place a framework for cooperation and understanding between IFSCA and IHub-Data, IIIT Hyderabad to collaborate in supporting and facilitating FinTech and TechFin entities.
• FinTech and TechFin are terms that refer to the use of technology to provide or enhance financial services.

Question:

Q.1 What is the name of the Technology Innovation Hub for Data Banks, Data Services, and Data Analytics at IIIT Hyderabad?
a. IHub-Data
b. IHub-Tech
c. IHub-Fin
d. IHub-Info