Cognizant to Launch New Techfin Centre in GIFT City for BFSI Digital Transformation

Introduction

Cognizant has announced the launch of a **techfin centre in GIFT City, Gandhinagar**. Set to open in February 2025, this new centre aims to bring advanced tech solutions to the banking, financial services, and insurance (BFSI) sector. Initially housing 500 associates, the centre plans to scale to 2,000 employees over the next three years, making it a central player in India's tech-driven financial landscape.

Why Cognizant Chose GIFT City for its Techfin Centre

- **Strategic Location**: GIFT City offers a unique ecosystem designed for financial and technological innovation.

- **Business-Friendly Policies**: Gujarat’s policies make GIFT City attractive for international enterprises.

- **Infrastructure and Support**: With cutting-edge infrastructure, GIFT City is ideal for high-tech, finance-centric operations.

The Role of the Techfin Centre in BFSI Innovation

Cognizant’s new facility will provide specialized support to **BFSI clients** in areas such as:

- **Digital Transformation**: Assisting clients in transitioning to modern, digital frameworks.

- **Customer Experience Enhancement**: Creating seamless digital customer journeys.

- **Regulatory Compliance**: Ensuring clients meet local and global regulatory standards.

This initiative reinforces Cognizant's commitment to the BFSI industry, aligning with **Gujarat Chief Minister Bhupendra Patel’s vision** for GIFT City as a hub for world-class enterprises.

Benefits of Cognizant’s Techfin Centre in GIFT City

1. **Job Creation and Economic Impact**: By expanding to 2,000 employees, Cognizant contributes to job creation and economic growth in Gujarat.

2. **Support for India’s Digital Growth**: This centre will facilitate digital expansion within BFSI, helping India progress towards its digital economy goals.

3. **Increased Foreign Investment**: The presence of global firms like Cognizant bolsters GIFT City’s appeal, attracting more foreign investment.

Future of BFSI Services in GIFT City and Cognizant’s Vision

Cognizant envisions its techfin centre to play a transformative role in BFSI:

- **Long-Term Growth**: Cognizant’s strategic placement in GIFT City aligns with the company’s plans to lead in financial tech solutions.

- **Industry Partnerships**: Collaborations with GIFT City authorities and other industry leaders will enable innovation and service improvement for BFSI clients.

Conclusion  

The inauguration of Cognizant’s techfin centre at **GIFT City, Gandhinagar** marks a significant step for India’s BFSI sector, offering technological advancement, job opportunities, and fostering a future-ready environment for global and local businesses alike.