Swiss-based financial institution and investment bank UBS has opened a brand-new Global Capability Centre (GCC) in the city of Hyderabad. The decision to open a brand-new GCC in the city is testimony to the financial institution’s long term strategy and outlook on the fintech and operational landscape in the country. The GCC is expected to offer 3,000 jobs in the coming couple of years, further reinforcing the city’s position in the country’s high-value services scene. Meanwhile, the centre will drive the advancement of technology development, which includes AI technology, digital operations, and sophisticated finance operational capabilities. Industry voices cite talent availability, conducive policy, and infrastructure as the major attractions to Hyderabad that are home to global lenders seeking innovation-focused operational capabilities.
According to state officials, these investments are a collaborative progression as there is growing international confidence in the Indian market due to its favourable policy and its workforce. UBS officials explain the investment will support Global Operations out of the Hyderabad campus while developing technology advancement. It is also believed that the investment will catalyse greater cooperation along the India-EU-Switzerland route, securing India’s position as a strategic partner in the changing landscape of the global financial service industry map. With the need for AI-powered operations within financial services and other related digital solutions, the new investment is expected to fuel more innovation and the expansion of the global India capability centres.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.