Latest news with #InsurTech
New Indian Express
7 days ago
- Business
- New Indian Express
Odisha set to unveil India's first global FinTech hub in Bhubaneswar on August 21
BHUBANESWAR: In a significant move that may reshape Odisha's digital economy, the state government on Thursday announced the launch of Integrated Global Financial Technology Capability Hub (I-GFTCH) in the city. The government had signed an MoU with Singapore-based Global Finance and Technology Network (GFTN) and Asian Institute of Digital Finance at National University of Singapore (NUS-AIDF) during the visit of the country's President Tharman Shanmugaratnam in January. The I-GFTCH will be inaugurated by Chief Minister Mohan Charan Majhi on August 21 after the selection of the first batch of students. The first-of-its-kind FinTech capability centre will make over 7,000 graduates job-ready with professional training in FinTech and InsurTech domains in next five years. Minister for Electronics and IT Mukesh Mahaling said with I-GFTCH, Odisha not only enters the FinTech race, it aims to set the pace. 'Odisha's financial services sector, now contributing around eight per cent to the state's gross state value added (GSVA), has been earmarked for rapid expansion under Vision Odisha 2036 and 2047. The state aims to boost the GSVA share to nearly 49 pc by 2047 by focusing on advanced banking, insurance, payments and emerging FinTech solutions,' he said. As part of the initiative, I-GFTCH will offer a future-proof FinTech and InsurTech professional certification programme to job aspirants to be selected through an online test. This five-month hybrid course with online modules, on-campus sessions and internship placements has been designed for final year undergraduate and postgraduate students seeking to build a career in the financial sector.
New Indian Express
31-07-2025
- Business
- New Indian Express
Odisha to house India's first integrated FinTech capability hub in Bhubaneswar
BHUBANESWAR: In a significant move poised to reshape Odisha's digital economy, the state government on Thursday announced the launch of the Integrated Global Financial Technology Capability Hub (I-GFTCH) in the city. Being set up in collaboration with Singapore-based Global Finance and Technology Network (GFTN) and the Asian Institute of Digital Finance (AIDF) at the National University of Singapore (NUS), this first-of-its-kind FinTech capability centre will make over 7,000 graduates job-ready with professional training in FinTech and InsurTech domains over the next five years. Minister for Electronics and IT Mukesh Mahaling said that with I-GFTCH, Odisha not only enters the FinTech race but also aims to set the pace. 'Apart from the direct value creation of ₹299 crore, an indirect economic impact is estimated at ₹898 crore over five years through the initiative by strengthening employment, service exports, and sector-wide innovation,' he said. 'Odisha's financial services sector, now contributing around eight per cent to the state's Gross State Value Added (GSVA), has been earmarked for rapid expansion under Vision Odisha 2036 and 2047. The state aims to boost the GSVA share to nearly 49 per cent by 2047 by focusing on advanced banking, insurance, payments, and emerging FinTech solutions,' he added. As part of the initiative, I-GFTCH offers a future-proof FinTech and InsurTech professional certification programme to job aspirants, who will be selected through an online test. This five-month hybrid course includes online modules, two weeks of on-campus sessions in Bhubaneswar, hands-on projects, and internship placements. It has been designed for final-year undergraduate and postgraduate students seeking to build a career in the financial sector. They will receive certificates from NUS-AIDF upon completion of the course. Minister for Higher Education Suryabanshi Suraj said this initiative places Odisha on the global map of digital skilling, aligning seamlessly with India's broader technological aspirations. 'We are committed to building a talent pipeline that can power India's innovation economy, and certification is a powerful step forward,' he said. The programme, commencing in September, adopts a hybrid learning format, with 60 per cent virtual lessons and 40 per cent in-person sessions. Selected students will be trained in AI, insurance, blockchain, governance, and finance. The programme is also expected to directly contribute to job creation, with 2,000 projected jobs linked to the capacity-building and talent development programme over five years.
The Print
31-07-2025
- Business
- The Print
Odisha announces launch of financial tech capability hub
Over the next five years, more than 7,000 students from every district of Odisha will gain 'futuristic and job-ready skills in AI, blockchain, InsurTech and digital finance', an official release said. The I-GFTCH will be set up in partnership with the Global Finance & Technology Network (GFTN) and the Odisha government, officials said. Bhubaneswar, Jul 31 (PTI) The Odisha government on Thursday announced the launch of the Integrated Global Financial Technology Capability Hub (I-GFTCH), in a bid to establish the state as a centre of excellence in digital financial technologies and talent development. A collaborative initiative between the Department of Electronics & Information Technology and the Department of Higher Education, in partnership with the GFTN, the hub is set to be inaugurated on August 21 in Bhubaneswar. The announcement in this regard was made at a function attended by Health, Electronics & IT Minister Mukesh Mahaling and Higher Education Minister Suryabanshi Suraj. 'This initiative blends global academic excellence with Odisha's growing potential. By collaborating with institutions like the National University of Singapore (NUS), we aim to prepare our youth for active participation in the USD 1.8 trillion global digital economy. The I-GFTCH will build a future-ready, innovation-led talent ecosystem, significantly contributing to the state's GDP,' Mahaling said. PTI AAM RBT This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
News18
31-07-2025
- Business
- News18
Odisha announces launch of financial tech capability hub
Agency: PTI Bhubaneswar, Jul 31 (PTI) The Odisha government on Thursday announced the launch of the Integrated Global Financial Technology Capability Hub (I-GFTCH), in a bid to establish the state as a centre of excellence in digital financial technologies and talent development. The I-GFTCH will be set up in partnership with the Global Finance & Technology Network (GFTN) and the Odisha government, officials said. Over the next five years, more than 7,000 students from every district of Odisha will gain 'futuristic and job-ready skills in AI, blockchain, InsurTech and digital finance", an official release said. A collaborative initiative between the Department of Electronics & Information Technology and the Department of Higher Education, in partnership with the GFTN, the hub is set to be inaugurated on August 21 in Bhubaneswar. 'This initiative blends global academic excellence with Odisha's growing potential. By collaborating with institutions like the National University of Singapore (NUS), we aim to prepare our youth for active participation in the USD 1.8 trillion global digital economy. The I-GFTCH will build a future-ready, innovation-led talent ecosystem, significantly contributing to the state's GDP," Mahaling said. PTI AAM RBT view comments First Published: July 31, 2025, 22:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Globe and Mail
28-07-2025
- Business
- Globe and Mail
Reliance Global Group Schedules Second Quarter 2025 Financial Results and Business Update Conference Call
Lakewood, NJ, July 28, 2025 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (NASDAQ: RELI) ('Reliance' or the 'Company'), announced today that it will host a conference call Wednesday, July 30, 2025, at 4:30 PM Eastern Time to discuss financial results for the second quarter 2025 and provide a business update. The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 627850. A webcast of the call may be accessed at or on the investor relations section of the Company's website, A webcast replay will be available on the investor relations section of the Company's website at through July 30, 2026. A telephone replay of the call will be available approximately one hour following the call, through August 13, 2025, and can be accessed by dialing +1 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code 52790. About Reliance Global Group, Inc. Reliance Global Group, Inc. (NASDAQ: RELI) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company's business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company's business-to-consumer platform, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail 'brick and mortar' insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products. Further information about the Company can be found at
