Infosys Opens New Tech Hub in GIFT City, Creating Over 1,000 Jobs

Infosys has officially opened a new development center at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar. This facility is designed to accommodate over 1,000 employees in a hybrid working model and will serve as a TechFin hub, delivering advanced digital solutions for global Banking, Financial Services, and Insurance (BFSI) clients.

The center will focus on key areas such as digital banking, regulatory affairs, trade finance, capital markets, cards & payments, and risk & compliance management. It will leverage cutting-edge technologies like AI, generative AI, cloud computing, APIs, cybersecurity, and blockchain to provide seamless cross-border services and strengthen India's position in global financial technology.

 

Infosys' new development center in GIFT City is expected to create over 1,000 jobs in a hybrid working model. Beyond direct employment, the expansion strengthens India's position as a global financial technology hub, potentially attracting more fintech firms and investment, leading to thousands of additional jobs in the broader ecosystem.

The center will focus on Al, cloud computing, blockchain, and cybersecurity, fostering demand for specialized tech talent. With GIFT City emerging as a fintech powerhouse, experts estimate 30,000 to 40,000 jobs could be generated across financial services and technology.

Gujarat Chief Minister Bhupendrabhai Patel inaugurated the center, highlighting its role in fostering talent, collaboration, and innovation in financial services. Infosys CFO Jayesh Sanghrajka emphasized that this move aligns with the company’s vision of leading innovation in financial services from within India’s foremost international financial hub.

This development is a significant step in Infosys’ global delivery strategy, reinforcing its capabilities in tech-enabled financial services.

Bahrain Invites India's Fintech Startups To Relocate Offices

Indian Fintech industry has caught Bahrain's attention. During a recent visit to the Indian subcontinent, Simon Galpin, Managing Director, Bahrain Economic Development Board (EDB) revealed the kingdom's plan to set up a Fintech Centre by next year.

The Centre, which is expected to go live by February/March 2018, will be providing accelerators and co-working spaces for fintech companies. In addition to this, it will also be providing networking opportunities to startups and financial institutions interested in the making it big in the fintech industry.

EDB's Galpin was in the country last week as part of his country's efforts in pursuing Indian fintech startups and manufacturing companies in pharmaceuticals and food processing industries who are looking for opportunities to expand to locate to Bahrain and make use of the liberal environment that the country has to offer.

According to him, the country isn't necessarily looking at early stage companies, it is in fact more in the favour of firms that have already established a name for themselves in their own home country and are now looking for ways to spread their ground.

Galpin has been always appreciative of India's fintech industry, especially of the mobile payments space. He believes that the companies can have a brighter future on the Gulf Cooperation Council (GCC) market. According to him, since a majority of foreign workers in Bahrain are here without local bank accounts, mobile payments can be of big help in the country.

In addition to the Fintech centre plans, Bahrain had recently launched a regulatory sandbox that allows startups and fintech companies to test and experiment their banking ideas and solutions.

The regulatory sandbox provides a great opportunity for fintech businesses around the globe to expand and thrive in the Gulf and puts Bahrain in a strong position as a fintech and financial services hub in the GCC.

World’s Biggest FinTech Hub To Open In Vishakhapatnam, India; To Host 100 Tech Startups

Singapore-based Lattice80, which claims to be the world’s largest FinTech Hub and prides itself on creating an ecosystem for FinTech startups to collaborate, connect and co-create, is now coming to India. Expected to go live by next month, the Indian office is a part of the firm's global expansion plans.

The fintech hub is contemplating opening the office in Visakhapatnam and is currently in the midst of negotiations with 30 tenants for the 30,000 square-foot space, which is about 800 kilometers (500 miles) from Bengaluru, India's IT capital, revealed Joe Seunghyun Cho, CEO, Lattice80 in an interview to Bloomberg. The hub will be able to host as many as 100 tech startups at a time.

In the interview, Cho also revealed the reason behind his firm's interest in India. According to him, the exceptional pool of engineers available in the country is what primarily attracted the fintech hub to have a office in the country. Further, when this pool is combined with low labor costs available in the country, India becomes one of the best places on the planet to make tech resources.

Starting its journey in the heart of Singapore in November last year, the hub has grown to provide office space and infrastructure to 85 startups in Singapore in such a short interval of time.

In March, we had reported how Marvelstone Group, which is the private investment group behind Lattice80, had entered into a memorandum of understanding (MoU) with the Andhra Pradesh government to open the first Lattice80 office outside of Singapore. Considering the fact that within 4 months of signing the MoU, the Indian office is ready to open its doors next month, one can vouch for Lattice80's punctuality and seriousness for the Indian fintech market.

According to the Singapore-based fintech hub, India’s Fintech market is forecast to be worth US$2.4 billion by the year 2020, a figure which is a two-fold increase on the market size in 2016.

Commenting on the MoU signed back then, J A Chowdary, special adviser to the Andhra Pradesh Chief Minister on IT had said that the MoU isn't an effort towards just promoting Fintech ecosystem in the country, but a step towards encouraging and developing a whole Fintech culture of its own.

According to Cho, some of the firms that will take space in its Visakhapatnam office are already operating in the Singapore hub and are seeking to expand their operations overseas. Some of the startups that are part of the Singapore hub and have confirmed to come to India include robo-advisers Bambu and Smartfolios, and Miss Kaya, an online bank for women.

In addition to India, the company is planning to have a presence in the Middle East this year, then open branches in London, New York and Silicon Valley by next year.

World’s Biggest FinTech Hub To Open In Vishakhapatnam, India; To Host 100 Tech Startups

Singapore-based Lattice80, which claims to be the world’s largest FinTech Hub and prides itself on creating an ecosystem for FinTech startups to collaborate, connect and co-create, is now coming to India. Expected to go live by next month, the Indian office is a part of the firm's global expansion plans.

The fintech hub is contemplating opening the office in Visakhapatnam and is currently in the midst of negotiations with 30 tenants for the 30,000 square-foot space, which is about 800 kilometers (500 miles) from Bengaluru, India's IT capital, revealed Joe Seunghyun Cho, CEO, Lattice80 in an interview to Bloomberg. The hub will be able to host as many as 100 tech startups at a time.

In the interview, Cho also revealed the reason behind his firm's interest in India. According to him, the exceptional pool of engineers available in the country is what primarily attracted the fintech hub to have a office in the country. Further, when this pool is combined with low labor costs available in the country, India becomes one of the best places on the planet to make tech resources.

Starting its journey in the heart of Singapore in November last year, the hub has grown to provide office space and infrastructure to 85 startups in Singapore in such a short interval of time.

In March, we had reported how Marvelstone Group, which is the private investment group behind Lattice80, had entered into a memorandum of understanding (MoU) with the Andhra Pradesh government to open the first Lattice80 office outside of Singapore. Considering the fact that within 4 months of signing the MoU, the Indian office is ready to open its doors next month, one can vouch for Lattice80's punctuality and seriousness for the Indian fintech market.

According to the Singapore-based fintech hub, India’s Fintech market is forecast to be worth US$2.4 billion by the year 2020, a figure which is a two-fold increase on the market size in 2016.

Commenting on the MoU signed back then, J A Chowdary, special adviser to the Andhra Pradesh Chief Minister on IT had said that the MoU isn't an effort towards just promoting Fintech ecosystem in the country, but a step towards encouraging and developing a whole Fintech culture of its own.

According to Cho, some of the firms that will take space in its Visakhapatnam office are already operating in the Singapore hub and are seeking to expand their operations overseas. Some of the startups that are part of the Singapore hub and have confirmed to come to India include robo-advisers Bambu and Smartfolios, and Miss Kaya, an online bank for women.

In addition to India, the company is planning to have a presence in the Middle East this year, then open branches in London, New York and Silicon Valley by next year.