Roinet Solution & IIT-Patna sign MoU to Foster Research and Development


Patna: 27 April 2023 :: Roinet Solution Pvt. Ltd., a leading provider of innovative technology solutions, has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology- Patna (IIT-P) to collaborate on several research initiatives aimed at developing cutting edge solutions for the last-mile underserved populations, small & micro businesses and the Indian diaspore worldwide.

The MoU was signed on April 27, 2023, by Sameer Mathur, Managing Director of Roinet Solution, and Prof. T.N. Singh, Director of IIT -Patna, during a ceremony on the institute campus at Patna. The signing was witnessed by Dr. Lim Chon- Phung, Director on the board of Roinet Solution, and other senior officials from both organizations.

Under this industry-academia collaboration, Roinet Solution and IIT- P will jointly undertake research projects over the next three years in the domains of digital lending, wealth management, cross- border payments, secure audio/video conferencing and the application of advanced technologies such as machine learning, artificial intelligence, and data analytics.

The signing of the MoU marks an important milestone for Roinet Solution and IIT-P, and their commitment to fostering research and development in India. The collaboration is expected to have a significant impact on society and create a better future for all.

Dr. Lim Chon- Phung, Director of Roinet Solution, said, “We are thrilled to collaborate with IIT-P, a leading institution known for its research and academic excellence. This partnership will enable us to leverage the expertise of IIT- P in various domains of engineering and technology, and jointly develop cutting-edge solutions that address the challenges faced by small businesses and underserved communities.”

Prof. T.N. Singh, Director of IIT-P, said, ​”​ We are glad to have signed this MoU with Roinet Solution Pvt. Ltd., a leading provider of innovative technology solutions​. This collaboration will provide a platform to take up research and development for cutting-edge solutions to India-specific and industry-relevant problems. This will also open up a new avenue for entrepreneurship and innovation, which is extremely important in today’s challenging scenario to make the institution as well as the nation self- sustainable.

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