RBI, BIS launch global technology competition ‘G20 TechSprint’

RBI, BIS launch global technology competition ‘G20 TechSprint’

• Reserve Bank of India(RBI) and Bank for International Settlements (BIS) have launched G20 TechSprint, a global technology competition. RBI and the BIS Innovation Hub have jointly announced the fourth edition of the G20 TechSprint.
•  RBI said that the 2023 TechSprint will focus on developing innovative technology solutions for cross-border payments.
• Shortlisted teams will be invited to develop their solutions over a six-week period and each team will be eligible for a stipend of eight lakh rupees approximately 10,000 US dollar. An independent panel of experts will select the most promising solution to each problem statement from the shortlisted solutions. The winners for each problem statement will receive an award of Rs40 lakh rupees approximately 50,000 US dollar.

April Weekly Current Affairs (National) Bitbank: Where was the G20 Science Summit on Clean Energy for Greener Future held?

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Published date : 05 May 2023 04:30PM