FinTech and TechFin

With continuously evolving technologies innovations, India’s financial technology (FinTech) revolution has set a benchmark for other economies. Considering the fast-paced technological developments in sectors such as banking, financial services and insurance sector, the IFSC has opened a doorway to tap into the vast opportunities available for FinTech entities in the global market.

Backed by a unified regulator (IFSCA), with the advantage of proximity to multiple financial service players, GIFT IFSC offers an international platform for developing the FinTech and technology finance (TechFin) sectors.

To encourage sectorial development, the IFSCA has not only set up a framework for FinTech and TechFin entities but also provides various grants, incentives, a FinTech bridge with other regulators, etc. These benefits – backed by state incentives such as the Gujarat Information Technology and Information Technology-enabled Services (IT/ITeS) policy, access to a talent pool and availability of the requisite infrastructure – help build a lucrative and financially viable environment for TechFin/ FinTech start-ups and well-established entities to set up a business in the IFSC.