India’s Fintech GCCs are Building Tomorrow’s Digital Banks today: Nasscom
India’s fintech GCCs provide global companies with a clear strategic advantage through access to top STEM talent, a collaborative culture and a favorable business environment.
India’s fintech Global Capability Centres (GCCs) are playing a pivotal role in the country’s transformation into a hub for technology-driven innovation and enterprise impact, according to a latest post by Nasscom.
The report highlights that India’s fintech GCCs are redefining their roles, moving away from traditional cost-arbitrage models and becoming global R&D leaders that shape the future of intelligent finance. With over 1,760 GCCs and 2,975 units in India as of FY2024, collectively generating US$64.6 billion in revenue and employing over 1.9 million professionals, the country’s GCC sector is a significant contributor to the economy.
Fintech GCCs in India are driving tech-enabled solutions like real-time trading platforms, advanced risk modeling systems and automated compliance frameworks. Companies such as Goldman Sachs, Broadridge Financial, JP Morgan Chase, Mastercard and HSBC are leveraging India’s talent pool and technological infrastructure to develop innovative financial solutions.
The report notes that AI and automation are central to the transformation within India’s fintech GCC ecosystem. Over 70% of AI/ML/GenAI algorithm development at leading BFSI GCCs is focused on advanced banking applications, including fraud detection, real-time credit scoring and conversational AI for customer support.
India’s fintech GCCs offer a clear strategic advantage to global companies, providing access to top STEM talent, a collaborative culture and a favorable business environment. The country’s traditional hubs like Bengaluru, Pune, Hyderabad and Mumbai provide the right ecosystem, while Tier-II cities like Ahmedabad, Thiruvananthapuram and Coimbatore are emerging as centers of innovation and talent acquisition.
The report notes that fintech GCCs in India are consistently enabling multinationals to launch new digital products, lower costs, reduce time-to-market and deploy robust, AI-led financial services at scale. With their dynamic blend of talent, technology infrastructure and innovation readiness, Indian fintech GCCs are leading global trends and cementing India’s role as a critical engine for the fintech industry’s digital future.
