WHY IN THE NEWS?

• The International Financial Services Centres Authority (IFSCA) has launched the global FinTech Hackathon Series ‘I-Sprint’21’.
• The first Sprint of the series is “Sprint01: BankTech ”, which focuses on FinTechs for the Banking sector. Sprint01: BankTech is organised jointly by IFSCA and GIFT city in collaboration with NITI Aayog.
• IFSCA was established by the Ministry of Finance on April 27 2020, as a unified regulator of all financial products, financial services, and financial institutions in the International Financial Services Centres (IFSCs) in India. It has its headquarter at GIFT city in Gandhinagar, Gujarat.