India offers a unique opportunity for fintech Global Capability Centers (GCCs) to scale innovation, leveraging its deep talent pool and favorable government policies, according to Finance Minister Nirmala Sitharaman. Speaking at the Global Fintech Fest 2025, she emphasized that global financial services leaders can build, scale, and transform operations from India, shaping the future of global financial architecture.
Fintech’s Next Growth Chapter
“Just as the Internet and mobile technologies defined the first chapter of fintech’s growth story, the next chapter is being shaped by AI, blockchain, and intelligent finance,” said the Minister. She highlighted that India’s 1,800+ GCCs are at the forefront of technology-driven innovation, creating global impact in financial services and beyond.
Evolution of India’s GCC Landscape
Over the past decade, India’s GCCs have transitioned from cost-arbitrage hubs to high-value centers for engineering, R&D, and innovation. This transformation is particularly notable in the Banking, Financial Services, and Insurance (BFSI) sector, where GCCs now play a strategic role in:
- • Digital banking and payments
- • AI-enabled credit scoring
- • Regulatory compliance automation
- • Fraud detection and cybersecurity
Talent and AI Advantage
India contributes 16% of the global AI talent, ranking among the top three talent markets worldwide. Indians are also the second-largest contributors to public generative AI projects on GitHub.
Industry estimates indicate that AI-enabled GCCs could account for 30–35% of India’s AI services market revenue by 2028, underscoring the country’s competitive edge in technology-driven financial services innovation.
Government Policy Support
The government continues to strengthen the ecosystem for GCCs, focusing on:
- Innovation-friendly regulatory frameworks
- Policies that enhance operational efficiency
- Incentives to attract global financial service leaders
These measures aim to position India as the preferred hub for fintech GCCs, capable of serving global markets while driving cutting-edge research and innovation.
Conclusion
India’s fintech GCC landscape is entering a transformative phase, fueled by AI, blockchain, and deep talent. Finance Minister Nirmala Sitharaman’s remarks highlight the country’s potential to be not only a service center but also a strategic global hub for financial innovation and technology-driven impact.
The Raidurg land auction not only sets record-breaking valuations but also highlights the strategic role of GCCs and IT companies in shaping Hyderabad’s commercial real estate landscape. The city’s IT corridor continues to be a magnet for global investment, underpinned by policy support, infrastructure development, and a thriving GCC ecosystem.
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