FinBlue: Powering India’s FinTech revolution
As India accelerates towards becoming a global FinTech leader, a quiet yet powerful transformation is underway. At the forefront of this evolution is FinBlue, a dedicated Centre of Entrepreneurship (CoE) in FinTech established by the Software Technology Parks of India (STPI) under the aegis of the Ministry of Electronics and Information Technology (MeitY), with active support from the Government of Tamil Nadu. Since its inception in 2019, FinBlue has been nurturing start-ups that are building the next generation of secure, scalable, and inclusive financial technologies.
India’s FinTech industry is experiencing meteoric growth. As per a report by Treelife, the FinTech industry in India is growing at an impressive CAGR of 31 per cent over the past decade and projected to reach $420 billion by 2029. This growth is being driven by mobile-first consumers, a robust digital payments infrastructure, enabling regulations and the government’s push for financial inclusion. However, the rapid expansion of the sector requires a structured ecosystem that supports deep-tech innovation and addresses both local and global financial........
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