Kolkata :
Indian Institute of Technology, Kharagpur and State Bank of India are collaborating to develop a customized portal for launching ‘Intellectual Property Development as a service’ (IPDaas) for Intellectual Property Rights generation. Mr. Mrutyunjay Mahapatra, Deputy Managing Director and CIO of SBI launched this project today at IIT-Kharagpur.
A symbolic submission of a patentable project was made by him in the preliminary version of IPDaas.
A MoU has already been signed between India’s largest commercial bank and the largest IIT in the country for a larger gamut of collaborations in the FinTech domain. Four departments from the Institute are engaged in this collaboration.
SBI has a history of creating innovative banking and IT solutions in-house. The IPDaas will facilitate streamlining patent applications for solutions developed internally and thereby making them available for external use through licensing. Since solutions created by SBI are based on actual challenges faced by the organization, they would prove to be useful for various bottlenecks experienced by financial institutions that too in the Indian scenario.
It will also tap the huge technical expertise of seasoned banking professionals in the organization. “It is trend-setting for an organization like SBI to move towards holistic IP creation. This would create an ecosystem for organizations in India especially in the financial sector to promote their technical expertise. With the exponentially growing economy of India such solutions will decide the quality and efficiency of financial services which would be provided to customers in India and similar other regions” said Partha Pratim Chakrabarti, Director, IIT Kharagpur.
IIT-Kharagpur will work with SBI Collaborative Innovation Centre (CIC) team. Going forward, this premier technology institute of the country with unique distinction having an IPR law school in the campus will assist in review and associated activities for a full-fledged offer of IP as a service.
Mrutyunjay Mahapatra, Deputy Managing Director and CIO of SBI visited several labs focused on research related to security solutions for mobile banking, hardware such as ATM, POS machine, IoT, intelligent asset tracking etc.
There were further discussions pertaining to commercialization of such products developed by IIT-Kharagpur through SBI.
“This is merely the beginning of what could be termed as a long-term association between SBI and IIT-Kharagpur. IIT has proposed several solutions for real challenges faced by banks in IT, user application, security, management of human resources etc. For e.g. tracking of hypothecated or lien property, prevention of erroneous usage of administrative rights, voice identification of caller, tracking of human resources and office stationary on premise and many more. Some of the solutions are already existing which needs to be customised for SBI’s requirements while some problem situations or feedback SBI will share with IIT based on which they will develop the solutions. We have found several of the solutions intriguing and further discussion would be held to collaborate on those projects,” Mahapatra added.
source: http://www.timesofindia.indiatimes.com / The Times of India / News> City News> Kolkata / by Somdatta Basu, TNN / January 31st, 2017