The Minister of Commerce and Industry has inaugurated the NSE knowledge hub in New Delhi.

Commerce and Industry & Railways Minister Piyush Goyal today inaugurated the National Stock Exchange (NSE) Knowledge Hub in New Delhi, an Artificial Intelligence (AI) powered learning ecosystem that will assist the banking, financial services, and insurance (BFSI) sector. Speaking on this occasion, the Commerce & Industry Minister said that although India has developed as the second-largest fintech hub in the world, a lot of work still needs to be done in the BFSI sector. He hoped the Knowledge Hub created by NSE would fill these gaps and help the financial industry move into the future.

The NSE Knowledge Hub will enhance skills and help academic institutions prepare future-ready talent for the financial service industry. It is also available on mobile and attempts to bring together world-class content and learners through this state-of-the-art and future-ready platform.

The Minister of Commerce and Industry said that this industry-driven learning ecosystem will help India build next-generation skills and capabilities in the BFSI sector. The use of AI will ensure that the skill up-gradation is affordable and accessible and helps create a workforce that is adequate for the requirements of the industry, said Piyush Goyal. AI and Machine Learning will contribute USD 1 trillion by 2035, and this is a good beginning for NSE to tap the potential of AI and use it as a tool to create a workforce in the BFSI sector in India, added the Minister.

Commerce and Industry Minister assured continued Government support to investors and startups and said that India is a safe investment destination today for investors, even the smallest of investors, and this Knowledge Hub by NSE will strengthen and empower those working in the BFSI sector and will benefit investors and the financial services to give world-class services through knowledge, innovation and value- addition.

Source: Press Release
Release ID: 1598513
Date: January 06, 2020
PIB Delhi
Ministry of Commerce & Industry