Banking & Financial Services
From the establishment of The Madras Bank in 1682 to today, AP has consistently been a pivotal player in the financial services industry. Now poised to become a global FinTech hub, the region hosts approximately 15% of BFSI (Banking, Financial Services, and Insurance) Global Capability Center operations in India. This highlights its transformation into a center of financial, technological, and corporate excellence.
60%
of Fortune BFSI Companies have a presence in Andhra Pradesh
100+
FinTech Startups
10%
of India's specialized talents in AI/ML, cybersecurity.
40%+
participating Chartered Accountants being women
Highlights
Gender Diverse Talent Pool:
Gender-diverse talent pool, including 15 out of the top 100 engineering talents, 9 of the top 50 research institutes, and over 3000 actively participating Chartered Accountants, with more than 40% being women
Specialized Skillset Hub:
Home to more than 10% of India's specialized talents in AI/ML, cybersecurity, AML-KYC, product testing, risk analysis, and analytics. Prestigious institutions like the Madras School of Economics and the Chennai Mathematical Institute are renowned for producing top-notch Mathematics and Statistics experts
Cutting-edge Research Centers:
The State is a hub for cutting-edge research and centers of excellence in cybersecurity, AI, ML, mathematics, and banking management.
Robust Infrastructure:
Features state-of-the-art facilities including Fintech City at Nandambakkam, dedicated Special Economic Zones for IT & ITeS companies, and ELCOT SEZs.
Policy Support:
Dedicated policy support through initiatives like the GCC subsidy, Andhra Pradesh Fintech Policy and Andhra Pradesh Research and Development Policy, fostering an environment conducive to innovation and investment.
Booming Tier-2 Destinations:
Emerging tier-2 locations like Coimbatore, Salem, and Madurai that host operations of international BFSI majors such as State Street, First American, Toppan Merrill, and Solartis
