STPI FinBlue, Chennai signs a memorandum of understanding with AFIN

Chennai, October 20

STPI FinBlue, Chennai, on Wednesday signed a memorandum of understanding with ASEAN Financial Innovation Network Ltd (AFIN) to explore cross-border collaboration. The signing of a memorandum of understanding with AFIN will strengthen collaboration to leverage the latter’s expertise and knowledge to enable start-ups incubated at STPI FinBlue, Chennai, to develop “world-class products” , indicates a statement from STPI Chennai.

STPI FinBlue, Chennai, is a domain specific facility for start-ups working in FinTech in Chennai. Set up by STPI, the CoE has an incubation center as well as SandBox and API Exchange access and provides the necessary support such as training, mentoring, marketing, access to funding resources, ‘IPR / patent assistance and any other support required for start-ups working in this field. domain.

Devesh Tyagi, Senior Director of STPI, said it was very appropriate for STPI to sign a MoU with AFIN so that the two major FinTech countries can collaborate with each other and share the best practices across the border, the statement said.

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