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<br />As more millenials are foraying into the workforce with digital and tech skills, India has emerged as a strong Science, Technology, Engineering and Mathematics (STEM) talent pool. India has seen exponential growth in coworking spaces over the last 12 months with the top global workspaces established in India, which has fueled the expansion of Fintech hubs in India.<br /><br />According to<a href="https://fintegrate2019.gomedici.com/india-fintech-report-2019"> India FinTech Report 2019</a> by a global innovation platform MEDICI, India is now the world’s second biggest FinTech hub, after the US — with over 2,000 startups nourishing in the zone.<br /><br />As Maharashtra has become the first state in India that announced FinTech policy, Mumbai has emerged as the leading FinTech hub in India — with Mumbai and Bangalore being a home to nearly <a href="https://www.inventiva.co.in/2019/03/04/india-worlds-second-biggest-fintech-hub-with-mumbai-and-bengaluru-leading-the-charge-study/">42%</a> startups.<br /><br /><strong>Here are the top FinTech hubs housing most of India’s startups:</strong><br /><br /><strong>Mumbai<br /><div type="image" title="itzcash" tempid="11549" msid="68882666" hostid="261"></div>

</strong><br /><strong>Bangalore<br /><div type="image" title="Capitalfloat" msid="68882651" hostid="261"></div>

</strong><br /><strong>Delhi<br /><div type="image" title="paytm" tempid="11593" msid="68882667" hostid="261"></div>

</strong><br /><strong>Gurugram<br /><div type="image" title="MobiKwik" msid="68882652" hostid="261"></div>

</strong><br /><strong>Hyderabad<br /><div type="image" title="paynear" msid="68882653" hostid="261"></div>

</strong><br />

These are the top Fintech hubs in India — Bangalore, Mumbai leads the race

<ul><li><keyword id="7772275" type="UNKNOWN" weightage="20" keywordseo="Mumbai-Fintech-Hub">Mumbai Fintech Hub</keyword> has launched an investment platform <keyword id="6384865" type="UNKNOWN" weightage="20" keywordseo="Find">FinD</keyword>. </li><li>India has over 2,000 <keyword id="2461546" type="PERSON" weightage="20" keywordseo="FinTech">fintech</keyword> startups with most of them based out of <keyword id="6358070" type="DEFINITION" weightage="20" keywordseo="mumbai">Mumbai</keyword> and <keyword id="6354321" type="CITY" weightage="20" keywordseo="Bengaluru">Bengaluru</keyword>.</li><li><keyword id="6356172" type="UNKNOWN" weightage="20" keywordseo="Maharashtra-government">Maharashtra government</keyword> had launched a fintech policy in February 2018. </li></ul>Mumbai Fintech Hub, an initiative of the Maharashtra Government, has announced the launch of an investment platform called FinD. <br /><br />The platform aims to bridge partnerships between fintechs, investors and partners; and boost investment. <br /><br />“FInD is yet another initiative by Mumbai FinTech Hub to foster our vision of making Mumbai a global FinTech Hub. The unique value provided by the programme makes it crucial for all stakeholders involved, and helps unleash the true potential of India’s FinTech ecosystem,” said Suniti Nanda, Chief FinTech Officer, Mumbai FinTech Hub. <br /><br />Mumbai is the financial capital of India, and is home to a host of fintech startups. According to a <a href="https://yourstory.com/2019/03/india-second-biggest-fintech-hub-ld0slui9fn">report </a>in March 2019, India has over 2,000 fintech startups with most of them based out of Mumbai and Bengaluru, making the country the world’s second biggest fintech centre. <br /><br />“Providing access to capital and global or home-grown investors will eventually put us on the world map for fostering next-gen innovation and creating globally competent firms,” said Nanda.<br /><br />This investment platform is powered by PriceWaterhouseCoopers (PwC) and Medici with other partners like Aimcrest, NASSCOM, IVCA (Indian Venture Capital Association), among others. <br /><br />In February 2018, the Maharashtra government <a href="https://www.livemint.com/Politics/hRG81g8w6hvgFBEfCAwCAJ/Maharashtra-government-unveils-financial-technology-policy.html">announced</a> a fintech policy under which the state would facilitate startups with a ₹2 billion fund to be one of the top five fintech hubs in the world. According to the website, it has made way for 500 jobs in fintech sector.<br /><br />The Andhra Pradesh government too but an ecosystem for startups at Fintech Valley Vizag in the coastal city, in December 2016. The state had also held a fintech festival to promote innovation. <br /><br /><strong>See Also:</strong><br /><a href="https://www.businessinsider.in/these-are-the-top-fintech-hubs-in-india-bangalore-mumbai-leads-the-race/articleshow/68882150.cms">These are the top Fintech hubs in India — Bangalore, Mumbai leads the race</a><br />

Maharashtra Government launches an investment platform for fintech startups

<ul><li>The UK-based <keyword id="3165837" type="General" weightage="20" keywordseo="Fintech-company" source="Orion">fintech company</keyword> is looking forward to hiring 600 tech professionals by the end of 2026.</li><li>Earlier this year in June, the financial services company also announced its hiring plans of 1,000 people in India.</li><li>Click <a href="https://www.businessinsider.in/newsletter-17-december-2021/binewsletter/88306447.cms?utm_source=bi&amp;utm_medium=email_newsletter&amp;utm_campaign=Business_Insider_Newsletter">here</a> for simple, fun and yet insightful explainers on the hottest news developments every week.</li></ul><keyword id="45792" type="General" weightage="20" keywordseo="Tide" source="Orion">Tide</keyword>, a United Kingdom-based financial and banking services platform, is looking forward to hiring 600 tech professionals by the end of 2026 for its office in Hyderabad, which is the tech centre of the company in India. <br /><br />The neobank ⁠— which operates in partnership with RBL Bank in India ⁠— needs 300 engineers, with a particular focus on backend engineers in Java and Python, across various roles. It is also looking for experts in data science and Flutter.<br /><br />Founded in 2015 and launched in 2017, the fintech ⁠— valued at $650 <a href="https://timesofindia.indiatimes.com/business/india-business/tide-raises-100-million-in-series-c-funding/articleshow/84341739.cms">million</a> ⁠— will include training and hiring fresh graduates from institutes like Indian Institutes of Technology (IIT), National Institute of Technology (NIT) through an ‘Internship to hire’ programme.<br /><br />Interns who successfully complete the programme will be offered a full-time opportunity.<br /><br /><table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">What is Tide?<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">What does it do?<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">A digital financial and banking services platform with its India headquarters in Hyderabad and Gurgaon.<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Offers business accounts, related banking services and administrative solutions to small and mid-size enterprises (SMEs)<br /><br /></td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table><br />Earlier this year in June, the financial services company also announced its hiring plans of 1,000 people in India. “So out of 1,000, 200 have already been hired and overall, we have a team size of over 350 today in India,” <keyword id="12753669" type="General" weightage="20" keywordseo="gurjodhpal-singh" source="Orion">Gurjodhpal Singh</keyword>, chief executive officer (CEO) at Tide (India) told Business Insider in an interaction.<br /><br />Other than tech professionals, the company will also be hiring people across business profiles for their Gurugram office, which is the business hub of the company. He further said, “Along with techies, we are also actively hiring for business teams and business roles. So that is another aspect of the 1,000 employees that we are looking to hire.”<br /><br />When asked about how the company will fund the new hiring plans, he said, “We have raised a decent Series-C earlier this year. So, both these put together put us in a position where now we can invest into further growth and that is what we are intending to do. Our growth journey will also be focused on growing in terms of revenue and market share. All that will go into investing into a larger team and building a more robust product.”<br /><br /><table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total funding raised so far<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Key investors<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Key competitors<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$195.2 million <br /><br /><br /><br />Source: Crunchbase<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Augmentum Fintech, Apax Digital, Passion Capital and SBI Group <br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">InstantPay, Open, Revolut etc.<br /><br /></td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table><br />In an interview with Business Insider, Singh, also mentioned the aggressive growth plans in India in the next five years but did not reveal much details. He said, “ We have aggressive growth plans for the next 5-years. Considering that India has 10% of global SMEs, our aspiration is to impact 25% of the global SME base through Tide.”<br /><br />Singh mentioned his plans about launching new products in the Indian market and setting up of new offices in different states of the country. “ In parallel we will also be expanding our product foothold across the country, apart from Delhi and Hyderabad with our banking partner (RBL Bank). We're a very open and agile organization and would be open about moving into some more cities as well in India if need be. But for now, this is the plan,” said Singh.<br /><br /><strong>SEE ALSO:<br /></strong><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/bank-of-baroda-recruitment-check-all-the-details-including-eligibility-last-date-to-apply/articleshow/88383348.cms"><strong>Bank of Baroda is looking for at least 52 engineers in Mumbai and Hyderabad to improve the app, user experience and quality</strong></a><br />

British neobank Tide wants to hire 600 techies and business execs in Hyderabad and Gurugram

As per a recent <keyword id="2325711" type="ORGANIZATION" weightage="20" keywordseo="Nasscomm">NASSCOMM</keyword> report, India continues to harbour the third largest startup base, marginally behind the UK.<br />
<br /> Titled "Indian Startup Ecosystem Maturing - 2016", it states that the ecosystem is poised to grow by 2.2X to reach more than 10,500 <keyword id="6362513" type="ORGANIZATION" weightage="20" keywordseo="Startups">startups</keyword> by 2020. <br />
<br />
The report released on the sidelines of Nasscom Product Conclave 2016 in Bengaluru on Wednesday predicted continued growth in the number of startups in 2016, with Bengaluru, NCR, and Mumbai continuing to lead as the major startup hub for the nation.<br />
<br />
In terms of vertical growth, investors are looking at domain like Healthtech, Fintech, and Edutech. With a total funding of approximately $4 billion, close to 650 startups were funded signifying an aware and healthy growth of the ecosystem.<br />
<br />
R Chandrashekhar, president, Nasscom, said, "Technology startups are creating a new identity for India and its technological prowess. They are defining the way the world operates making life better and easier for people and businesses alike. Our startup report is a testimony to the potential of the startup landscape and the scope of growth and opportunity that India presents. Nasscom has always been working towards creating a heterogeneous bond between all stakeholders and craft a conducive and innovative environment for start-ups to grow."<br />
<br />
According to the report, the number of tech startups in India is expected to grow by 10-12% to over 4,750 startups by the end of 2016.<br />
<br />
Interestingly, over 1,400 new startups emerged in 2016 denoting that that the ecosystem is becoming prudent with both investors and startup founders focusing on profitability and optimising the overall spend. With this impetus, India will become home to over 10,500 startups by 2020, employing over 210,000 people reveals the report.<br />
<br />
Furthermore, incubators and accelerators are playing a substantial role in strengthening the startup community throughout India. The report highlights the significant rise in number of accelerators to improve startups' outcomes and provide them with a support that they require.<br />
<br />
With impetus from the government and corporates, there is a 40% increase in the number of active incubators and accelerators in 2016 with over 140 active incubators, helping entrepreneurs experiment with new ideas by offering them functional expertise and resources.<br />
Over 30 new academic incubators have been established under the government's 'Startup India Standup India' initiative this year. With the country showing signs of increased interest in entrepreneurship, Tier-II/III cities have established 66% of the new incubators.<br />
<br />
The report reveals an increased interest from student entrepreneurs this year. Growth of 25% has been witnessed in 2016 with over 350 startups founded by young students. Median age of startup founders has reduced marginally from 32 years in 2015 to 31 years in 2016.<br />
<br />
Talking about investments, the report states that investors are increasingly looking at opportunities in startups in areas other than online retailing. The sentiments are high for ventures in verticals like Fintech, Healthtech, Edutech, data analytics, B2B commerce and artificial intelligence.

Welcome to India, The Third Largest Startup Base in the World

<p><em>Welcome to <strong>The Fintech Briefing</strong>, a morning email providing the latest news, data, and insight into disruptive fintech in the <keyword id="6354868" type="COUNTRY" weightage="60" keywordseo="UK">UK</keyword> and Ireland, the Continent, and beyond, produced by <a href="https://intelligence.businessinsider.com/" target="_blank">BI Intelligence</a>.</em></p><p><strong>Want to receive The Fintech Briefing to your inbox? Enter your email in the box below.</strong></p><form action="http://e.businessinsider.com/s/Fintech+Briefing" method="post" target="_blank"><p><label>Email:</label>  <button style="border: none; padding: 6px 8px; vertical-align: top; font-family: helvetica,arial,sans-serif; font-size: 12px; font-weight: bold; text-transform: uppercase; color: #fff; background: #ff722d;" type="submit" value="Subscribe">Subscribe</button></p></form><p><strong>FINANCIAL SERVICES FIRMS FEAR FINTECH. </strong>The global financial services industry is being disrupted by fintech, and executives at financial institutions fear losing a quarter of their business to new players by 2020, <a href="https://www.pwc.com/gx/en/advisory-services/FinTech/PwC%20FinTech%20Global%20Report.pdf">according to PWC.</a> </p><ul><li>Financial services executives suspect that they could lose 28% of their payments and transfer business due to fintech challengers. </li><li>Banks risk losing nearly a quarter of their business according to the same group. </li><li>Executives fear that 22% of their asset/wealth management business is under threat and 21% for insurance firms.</li></ul><p>A key driving force behind this disruption is that at its most basic level financial services is about transferring and storing information, and organizations benefit greatly from transitioning those operations to digital. Another is consumer centricity - offering solutions that better address customer needs. This is something fintechs are mostly better at than incumbents. </p><p><strong>Disruption isn't the only option for legacy firms. </strong>Fintechs<strong> </strong>often provide a better user<strong> </strong>experience than legacy players because consumers moving to digital and fintechs are good at tech.<strong> </strong>Over 80% of fintechs believe they are fully consumer-centric (compared to 53% of incumbents). But they're not necessarily good at the finance aspect of fintech. Further, they often don't have the funding, reach, and licenses necessary to scale quickly. That's where legacy firms have an advantage and a potential point of collaboration. </p><p><div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image"><a title_source="BI Intelligence" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/56eba773dd08952b588b45b2-960/share of business.png"><span class="sprites click-to-enlarge-icon" title="Click to enlarge"></span></a><p class="source"><span>BI Intelligence</span></p></div><p></p></div></div></p><p><strong>INNOVATE FINANCE WANTS TO MAKE IT EASIER FOR FIRMS MOVE ACROSS BORDERS. </strong>Differences in financial regulatory approaches between countries create a barrier for fintechs to scale across borders. This week Innovate Finance, which represents the UK's global fintech community, and US lending platform OnDeck, launched the Transatlantic Policy Working Group (TPWG) to try and address those differences between US and UK policy. The TPWG will include stakeholders from fintechs, incumbents, government, trade bodies, think tanks and academia to ensure all aspects of policy relating to fintech are discussed by the group. </p><p><strong>Opposite ends of the spectrum. </strong>Both the UK and US boast thriving fintech communities, but the UK is a long way ahead in its regulatory approach to the industry. The US has traditionally had a more restrictive approach, thanks in part to the heavy involvement of large banks in the development of regulation. The TPWG initiative hopes to improve the environment through dialogue on different global approaches to regulation and how they encourage fintech innovation.</p><p><strong>SOUTH KOREA WARMS TO FINTECH. </strong>The country's economy has recently <a href="http://www.bbc.co.uk/news/business-34612397">suffered</a> as a result of a drop in tourism and falling exports. The government is taking number of actions to recover, including loosening regulation in the financial services industry to encourage the growth of fintechs, <a href="http://english.yonhapnews.co.kr/news/2016/03/15/0200000000AEN20160315004800320.html">according</a> to Yonhap News. In particular, non-banks can now facilitate money transfers, resulting in <a href="http://uk.businessinsider.com/fintech-briefing-uk-regulator-on-robo-advisors-baap-in-germany-2016-3">foreign money transfer</a> firms entering the country. The country also plans to lift restrictive policies <a href="https://www.google.co.uk/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;cad=rja&amp;uact=8&amp;ved=0ahUKEwi7g6HlisjLAhVG_A4KHe1QCH4QFggcMAA&amp;url=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fb950264e-3c13-11e5-8613-07d16aad2152.html&amp;usg=AFQjCNGorUe-dqqMOja0n0i_aQcz3TSAnA&amp;bvm=bv.117218890,d.bGs" target="_blank">to allow</a> internet-only banking.</p><p><strong>The strategy is working. </strong>VC firm Altos Ventures has<a href="http://techcrunch.com/2016/03/16/super-hot-korea-gets-a-new-startup-fund/?ncid=rss&amp;ct=t(FinTech_for_RSSFEED_DATE_4_16_2015)"> just raised</a> a £77 million ($110 million) fund to invest in the country and is "very interested" in putting that money into fintech, specifically mobile payment platforms and P2P lending. Permissive regulation and increased funding, combined with South Korea's vibrant technology sector and successful ecommerce industry, could lead the country to become a global fintech hub to rival Singapore and Hong Kong in Asia. </p><p><strong>Enjoying The Fintech Briefing? Enter your email to receive it directly to your inbox.</strong></p><form action="http://e.businessinsider.com/s/Fintech+Briefing" method="post" target="_blank"><p><label>Email:</label>  <button style="border: none; padding: 6px 8px; vertical-align: top; font-family: helvetica,arial,sans-serif; font-size: 12px; font-weight: bold; text-transform: uppercase; color: #fff; background: #ff722d;" type="submit" value="Subscribe">SUBSCRIBE</button></p></form><p><strong>CROWDFUNDING PLATFORM PARTNERS WITH LONDON STOCK EXCHANGE. </strong>It's difficult or impossible for many individuals to buy stock in private companies, or participate in pre-IPOs or discount placings, because brokers usually require a high net-worth in order to participate. UK crowdfunding platform <a href="https://www.syndicateroom.com/press/syndicateroom-brings-crowdfunders-to-ipo-market.aspx">SyndicateRoom</a> wants to change that, by giving individual investors access to these opportunities typically reserved for <a href="http://uk.businessinsider.com/syndicateroom-get-intermediary-status-with-london-stock-exchange-2016-3">professionals</a> (e.g. VCs and Angels). It recently received intermediary status from the London Stock Exchange (LSE) bringing it closer to achieving this goal. This allows it to offer investors access to IPOs of companies listing shares on the London stock market, through its online platform.</p><p> </p><form action="http://e.businessinsider.com/s/Fintech+Briefing" method="post" target="_blank"></form><p><strong>MEET US AT MONEY20/20 EUROPE.</strong> BI Intelligence analysts will be at Money20/20 Europe. <a href="http://www.businessinsider.com/meet-business-insider-at-money2020-europe-2016-3?IR=T" target="_blank">Sign-up to meet the analysts here</a> and don't forget to attend Managing Analyst John Heggestuen's fireside chat with MoneyGram CEO Alex Holmes.</p><p><strong>Around the world ...</strong></p><p><strong>GOLDMAN SACHS BACKS MOBILE WALLET IN VIETNAM.</strong> Vietnam-based M-Service, which operates e-wallet MoMo, received a £19.5 million ($28 million) Series B round from Standard Chartered Private Equity and Goldman Sachs, <a href="http://in.reuters.com/article/momo-investment-stanchart-idINL3N16O3JM" target="_blank">according</a> to Reuters. Goldman Sachs had previously funded MoMo in 2013, while Standard Chartered provided the bulk of the funding in the current round. The e-wallet facilities online payments and domestic remittances, as well as in-store payments in select locations. MoMo claims 2.5 million users in Vietnam and a bricks-and-mortar agent network with over 4,000 locations. </p><p><strong>JPMORGAN HIRES OBAMA-ADMIN ALUM TO LEAD FINTECH STRATEGY. </strong>Seth Wheeler, former economic adviser to US President Barack Obama, will join JPMorgan's consumer and community banking team to lead fintech and innovation strategy, <a href="http://qz.com/639818/jpmorgan-chase-appoints-a-former-obama-advisor-to-lead-its-fledgling-fintech-strategy/" target="_blank">according</a> to Quartz. JPMorgan has been an active player in fintech over the past year announcing partnerships with small business lender On Deck, investing in P2P lender Prosper, and testing blockchain transfers between New York and Tokyo. <strong><br /></strong></p><p><strong>BARCLAYS OPENS FINTECH ACCELERATOR IN INDIA.</strong> The Rise fintech accelerator program is coming to Mumbai in the second quarter, <a href="https://www.Finextra.com/newsarticle/28622/barclays-opens-rise-fintech-hub-in-mumbai" target="_blank">according</a> to Finextra. Rise offers physical and virtual workspaces where fintech entrepreneurs can meet and receive guidance from a global network of fintech experts. Rise locations are offered in cities around the world including London, New York, Manchester, Cape Town, and Tel Aviv through a partnership between British bank Barclays and network-provider 91springboard. The news adds to a growing trend of collaboration rather than competition between fintechs and legacy banks.</p><p><strong>HITACHI ESTABLISHES FINTECH RESEARCH LAB IN SILICON VALLEY. </strong>The Japanese conglomerate <a href="http://www.businesswire.com/news/home/20160316005469/en/Hitachi-Establish-FinTech-Research-Organization-North-America" target="_blank">announced</a> yesterday that it will launch the Financial Innovation Laboratory as part of its Silicon Valley-based Global Center for Social Innovation. The aim of the initiative is to "accelerate research &amp; development of blockchain technology, collaborative creation with customers, and development of solutions to support business innovation in financial institutions." </p><p> </p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/little-known-google-features-2016-3">5 awesome Google features you didn't know about</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="J5Y2U3bzoIG_b9FvwXC1b1SZa9sN8clG" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

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These are the top Fintech hubs in India — Bangalore, Mumbai leads the race

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Maharashtra Government launches an investment platform for fintech startups

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British neobank Tide wants to hire 600 techies and business execs in Hyderabad and Gurugram

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Welcome to India, The Third Largest Startup Base in the World

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FINTECH BRIEFING: Fintechs could take 23% of financial services - Korea loosens regulations - Crowdfunding platform partners with LSE

Sarah Kocianski,John Heggestu…

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