Telangana emerging global AI-Fintech hub: Sridhar Babu

metro india news  I hyderabad

Telangana is rapidly emerging as a global hub for artificial intelligence–driven financial technology, with several leading global financial institutions establishing major innovation and engineering centres in the city, said D. Sridhar Babu, Minister for IT, Industries and Commerce.

Addressing the CFO Summit organised by Federation of Indian Chambers of Commerce & Industry (FICCI), the Minister said artificial intelligence is transforming the role of technology in organisations—from a cost centre into a strategic value-creation engine that drives growth, innovation and better financial decision-making.

He said Hyderabad has built one of the world’s strongest financial technology ecosystems, with global financial majors such as Vanguard, UBS, Wells Fargo, Bank of America, MassMutual, Franklin Templeton, JPMorgan Chase, Goldman Sachs and Citigroup operating large technology and analytics centres in the city.

The Minister noted that Hyderabad currently hosts nearly 400 Global Capability Centres, employing more than three lakh professionals, while Telangana’s technology sector generates over $40 billion in IT exports.

He said the state is now focusing on the next phase of growth through major initiatives such as AI City, Future City, and AIKAM and developing large-scale talent for the AI-driven economy.

The Minister said CFOs are increasingly becoming key drivers of digital transformation, guiding investments in technology, artificial intelligence and data-driven capabilities.

Former chief vigilance Commissioner K. V. Chowdary, noted film producer and President of Vignana Jyothi Institute of Management (VJIM) Daggubati Suresh Babu, FICCI CFO Council Chairman Rajneesh Jain, Co-Chairman Subbaiah Kumar, and Vignana Jyothi Institutions CEO and former DGP Anuradha, among others, participated in the summit.