The Government of Odisha and the Singapore-Headquartered Global Finance & Technology Network (GFTN) Partner to Develop an Integrated Global Financial Technology Capability Hub in Bhubaneswar

The Financial Technology Hub Bhubaneswar will officially launch on 21 August 2025. The Government of Odisha and Global Finance & Technology Network (GFTN) are spearheading this innovative project, which positions Bhubaneswar as a hub for inclusive FinTech development and digital innovation. Odisha aims to meet international standards forfinancial technology skills and infrastructure through the I-GFTCH platform.

This marks the first time Odisha is launching a FinTech capability initiative of this scale and global integration. The I-GFTCH launch positions Bhubaneswar at the forefront of India’s evolving financial technology ecosystem and aligns with its national development objectives.

This marks the first time Odisha is launching a FinTech capability initiative of this scale and global integration. The I-GFTCH launch positions Bhubaneswar at the forefront of India’s evolving financial technology ecosystem and aligns with its national development objectives.

The Government of Odisha is undertaking a comprehensive, globally integrated four-pronged strategy to establish the state as a leader in Financial Technology innovation and capability. 

1. Global Learning: Odisha has partnered with NUS-AIDF and GFTN to launch a future-proof FinTech and InsurTech professional certification programme. This five-month hybrid course – combining online modules, two weeks of on-campus sessions in Bhubaneswar, hands-on projects, and internship placements – is designed to be inclusive and employment-oriented. The initiative aims to empower over 7,000 students from all districts across Odisha with pragmatic expertise spanning technology, regulatory frameworks, and business operations in Financial Technology and InsurTech sectors. The initiative will be supported by the Skill Development Institute and the Union Education Ministry.  
   
   
2. Global Mindshare: In the first quarter of 2026, Bhubaneswar will host the Black Swan Summit (BSS) India, a forward-looking global forum accelerating the adoption of frontier technologies. BSS convenes leading technologists, policymakers, investors, and innovators to explore paradigm shifts in tokenisation, AI, quantum computing, semiconductor breakthroughs, and digital infrastructure. Launched this year in Perth, Western Australia, the Summit now anchors the Black Swan Network, GFTN’s flagship multi-location, global platform for collective foresight and international collaboration. Beyond the Black Swan Network, GFTN also convenes a suite of high-impact forums, including Point Zero Forum (Zurich), GFTN Forum Japan (Tokyo), the Inclusion FinTech Forum (Rwanda) and the world’s largest FinTech gathering – the Singapore FinTech Festival. These forums span Asia, Europe, and Africa offering Odisha’s students, professionals and startups a direct gateway into global job pipelines, cross-border venture opportunities, and future-ready digital economy networks. 
   
   
3. Global Innovation: Odisha will establish a Centre of Excellence to drive digital transformation and advance pioneering solutions. The Hub will accelerate innovation through a full stack of support for startups – offering incubation, mentorship, masterclasses, bootcamps, market readiness programs, and venture development – drawing on GFTN’s international expertise to nurture a robust, future-ready Financial Technology ecosystem. 
   
   
4. Financial Technology Global Capability Hub: Odisha is also developing a strategic offshore or nearshore hub for global and national GFTN’s partner financial institutions, leveraging the I-GFTCH Global Learning talent pool. These centres will transcend traditional cost-efficient models to serve as dynamic nodes for business growth and agility, enabling collaboration among startups, corporates and innovators via shared workspaces and integrated resources.

This multi-pronged approach underscores Odisha’s commitment to building an internationally competitive, innovation-led and inclusive Financial Technology landscape.

The I-GFTCH initiative, under the leadership of the Honourable Chief Minister Mr. Mohan Charan Majhi and supported by the Department of Electronics & IT and the Department of Higher Education, will begin with the roll-out of its first pillar – Global Learning – in September 2025.

The NUS-AIDF Certificate in FinTech & InsurTech (CFI) programme under the Global Learning pillar is supported by the Skill Development Institute, Bhubaneswar as a designated Centre of Excellence with a view toward future national accreditation, in consultation with the Indian Union Ministry of Education.

“By combining local potential with world-class institutions like NUS-AIDF, we are investing in the youth of Odisha to thrive in the $1.8 trillion global digital economy,” said Shri Dr Mukesh Mahaling, Hon’ble Minister for Electronics & IT, Government of Odisha.  

“This partnership places Odisha on the global map of digital skilling,” said Shri Suryabanshi Suraj, Hon’ble Minister of Higher Education, Government of Odisha. “We are committed to building a talent pipeline that can power India’s innovation economy, and this certification is a powerful step forward.”

“It’s remarkable to see how swiftly the leadership of Odisha has executed the Financial Technology partnership with Singapore – from an MoU signed during the 17 – 18 January 2025 State Visit of His Excellency Mr. Tharman Shanmugaratnam, President of Singapore – into tangible, forward-looking action,” said Sopnendu Mohanty, Group CEO of GFTN and former Chief FinTech Officer at the Monetary Authority of Singapore.  

“Odisha’s bold vision to become a global FinTech innovation hub is coming to life through world-class certification programmes and a cutting-edge Capability Hub – unlocking global opportunities for local talent and building a future-ready digital economy,” said Mr. Mohanty.

By establishing the Financial Technology Hub Bhubaneswar, Odisha is advancing its vision of digital leadership and global FinTech integration.