Government of Odisha’s Electronics and Information Technology (E&IT) Department and GFTN sign a Memorandum of Understanding (MoU) to establish a FinTech Hub in Bhubaneswar

Shri Mohan Charan Majhi, Chief Minister of Odisha said: “Odisha has emerged as a leader...

The MoU aims to support India’s national vision of "Insurance for All" by 2047...

"GFTN’s partnership with the Government of Odisha..." said Sopnendu Mohanty, Group CEO Designate of GFTN. 

Principal Secretary Electronics & IT, Odisha, Shri Vishal Dev, added: “Odisha is a state with immense potential...

Principal Secretary, Finance, Odisha, Shri Saswata Mishra said: "Financial inclusivity remains a cornerstone...”

The InsureTech Hub developed in Odisha in partnership with GFTN will aim to: 

• Establish an InsureTech Global Competency Centre to drive innovative product development...

• Build an Advanced Skilling and Upskilling Centre dedicated to InsureTech product development...

• Develop an Annual Forum that brings together thought leaders...

• Establish and Deploy a National and Global Sandbox Platform for innovation...

• Create an Investor Ecosystem designed to strengthen startups and scale-ups...

• Pilot and Scale Environmental, Social and Governance (ESG) Disclosure Infrastructure using GFTN's Disclosure Platform Gprnt (Greenprint)...

• Develop an Integrated Platform to Combine Finance, ESG, and Insurance to enhance Odisha's digital economy

Special Secretary Electronics & IT, Odisha, Shri Manas Ranjan Panda noted: “Singapore has emerged as a global FinTech Hub...”

About the Global Finance & Technology Network (GFTN) 

The Global Finance & Technology Network (GFTN) set up by the Monetary Authority of Singapore drives global impact in finance, technology, and sustainability...

For more information on GFTN and the InsureTech Hub initiative, contact: 

Preeti Dawra 

Press Advisor, GFTN 

Email: Preeti.dawra@gftn.com

ANNEX 

Areas of Collaboration between GFTN and the Government of Odisha

Talent Development: Aligned with industry needs, create specialized training programs...

Capital Facilitation: Establish local venture capital funds...

Policy Enablement: Facilitate the formulation of business-friendly policy frameworks...

Innovation Ecosystem Development: Foster collaboration among startups and institutions...

Sustainability Platforms: Establish a platform focused on sustainability technology...

Annual Global Forum: Organise an annual global forum as part of GFTN global network...