NPCI Launches NTSL Subsidiary to Focus on AI and Blockchain

“Advancements in artificial intelligence and other emerging technologies are creating new possibilities across digital infrastructure and financial services,” Dilip Asbe, Managing Director and CEO of the National Payments Corporation of India, said. The organization has launched NPCI Tech Solutions Limited (NTSL), a new subsidiary focused on AI and blockchain, fintechnews.sg reported.

NTSL will serve as the NPCI Group’s technology and innovation arm, concentrating on digital financial infrastructure. The company will also develop capabilities in Global Capability Centre services and provide technology services for projects including eKYC Setu, the Unified Ticketing Platform and other digital public infrastructure programmes.

Vishal Kanvaty Appointed Managing Director and CEO

NPCI has appointed Vishal Kanvaty as Managing Director and CEO of NTSL. Kanvaty has worked at NPCI for nearly a decade, leading the development and commercialisation of several technology platforms that are now among NTSL’s areas of focus.

Fourth Wholly Owned Subsidiary Clears Regulatory Approval

NTSL is NPCI’s fourth wholly owned subsidiary. The company was established with approval from NPCI’s board and the Reserve Bank of India. Asbe said NTSL has been established to focus on opportunities created by AI and other emerging technologies and to further strengthen the NPCI Group’s technology capabilities.

What Readers Need to Know About NTSL

What technologies will NTSL focus on? The subsidiary will concentrate on artificial intelligence and blockchain.

Which existing projects will NTSL support? NTSL will provide technology services for eKYC Setu, the Unified Ticketing Platform and other digital public infrastructure programmes.

Who approved the new subsidiary? NTSL was established with approval from NPCI’s board and the Reserve Bank of India.

NTSL joins three other wholly owned subsidiaries under the NPCI Group.