Odisha Partners with Singapore's GFTN to Establish FinTech Hub in Bhubaneswar
| Aspect | Details |
|---|---|
| Why in News | Odisha-Singapore MoU to establish a FinTech hub in Bhubaneswar. |
| MoU Signatory | Odisha's Electronics and IT Department and Singapore's GFTN (Global Finance & Technology Network). |
| Focus Area | InsureTech innovation, financial inclusion, and technology-driven solutions in the insurance sector. |
| Partnership Goals | Drive innovation in FinTech, focusing on financial inclusion and achieving "Insurance for All" by 2047. |
| Significance of MoU | Strengthens Odisha's position in the global FinTech landscape. |
| Supporting India's Vision | Aligns with India's national vision of "Insurance for All" by 2047, ensuring accessible insurance for every citizen. |
| Leadership Involved | Chief Minister Mohan Charan Majhi (Odisha), Sopnendu Mohanty (CEO Designate of GFTN, Singapore). |
| Key Objective | Create a sustainable InsureTech ecosystem, leveraging global expertise for financial innovation and inclusion. |
| Additional MoUs Signed | 8 MoUs signed during Singapore President Tharman Shanmugaratnam's visit, covering skill development, green energy, and industrial park development. |