Goyal assures Govt support
A lot of Fintech work still needs to be done in the banking, financial services and insurance (BFSI) sector although India is the world’s second largest hub for this technology.
Highlighting this, Commerce and Industry Minister Piyush Goyal assured continued Government support to investors and startups.
He pointed out that India is a safe investment destination today for investors, even the smallest of investors.
Goyal was speaking at the inauguration of National Stock Exchange (NSE) Knowledge Hub in New Delhi on 6 Jan 2020.
He said the Artificial Intelligence (AI) powered Knowledge Hub is a learning ecosystem that will assist the BFSI sector.
The Hub will strengthen and empower those working in the BFSI sector and will benefit investors and the financial services to give world class services through knowledge, innovation and value- addition.
The Hub will enhance skills and help academic institutions in preparing future-ready talent for the financial service industry.
It is also available on mobile and attempts to bring together world class content and learners through this state- of- the- art and future- ready platform.
The use of AI will ensure that the skill upgradation is affordable and accessible and helps in the creation of a workforce that is adequate for the requirements of the sector, said Goyal.
AI and Machine Learning will contribute US$1 trillion by 2035. This is a good beginning by NSE to tap the potential of AI and use it as a tool to create a workforce in the BFSI sector in India, he said. fiinews.com