Emagia and Osmania University sign pact to accelerate AI and Fintech innovation
HYDERABAD:- Furthering its commitment to innovations and future-ready workforce, Emagia, USA today announced the launch of Fintech Innovation Labs at OU in collaboration with Osmania Foundation, Hyderabad. Emagia and Osmania Foundation will set up joint Emagia-OU Fintech Innovation Labs at the OU College of Engineering to focus on research and development of the latest digital technology solutions using AI, ML, Blockchain, Web3, IoT and other technologies that aim to accelerate fintech innovations. An agreement to this effect was signed between Emagia, headquartered in Santa Clara, California USA, and the Osmania Foundation, Hyderabad, India.
The global fintech technology market is a rapidly growing market and is expected to reach $698.48 billion by 2030, growing at a CAGR of 20.3% from 2021 to 2030. Financial technology (Fintech) is the application of new technological advances to physical products and software products and services in the financial industry and aims to refine and automate the delivery and use of financial services by implementing multiple technologies such as application programming interface (API), artificial intelligence (AI), machine learning (ML), robotic process automation (RPA), blockchain, Web3 including DeFi, CBDCs, NFTs etc and data analytics.
“We look forward to making Emagia-OU Innovation Labs a hub for cutting-edge fintech solutions and a hub for empowering today’s students to build tomorrow’s global digital future,” – Veena Gundavelli, Founder and CEO of Emagia. “This partnership will help empower OU students to become global innovators and grow the nation’s workforce to move effectively from classroom training to AI and Fintech careers in the global marketplace,” said Dr. Ravinder Dandaboina, OU Vice-Chancellor.
Emagia is a leader in fintech with autonomous financing and digital payment solutions for global companies. Osmania University is one of the most prominent universities in India with over 300,000 students in its campuses and affiliated colleges. Emagia-OU Fintech innovation labs will provide the innovation roadmap, mentoring and guidance for OU College of Engineering students for R&D inFintech using the latest and emerging digital technologies.
Emagia will conduct training sessions, global hackathons and research development programs with OU. It also agrees to provide internship opportunities and placements for OU final year students with Emagia and its related companies.
Furthermore, Emagia agrees to sponsor innovation awards for OU final year students. In addition to promoting women’s empowerment in the technology sector, the Women Innovator Award adds to motivate young women to be part of this digital fintech revolution.
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Please contact Osmania University
Visit the website: https://www.osmania.ac.in
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