Emagia And Osmania University Sign Pact To Accelerate AI And Fintech Innovation

A contract between Emagia and Osmania University is signed to promote AI and fintech innovation.

The cooperation intends to speed up advancements in Web3 and digital banking as well as build a sizable pool of future-ready professionals worldwide.

Hyderabad: Emagia, USA, today announced the opening of the Fintech Innovation Labs at OU in partnership with the Osmania Foundation, Hyderabad, as part of its ongoing commitment to innovations and a workforce prepared for the future. In order to focus on research and development of the most recent digital technology solutions using AI, ML, blockchain, Web3, IoT, and other technologies aimed at accelerating fintech innovations, Emagia and the Osmania Foundation will establish joint Emagia-OU Fintech Innovation Labs at the OU College of Engineering. An agreement to this effect was made between the Santa Clara, California, United States Indian city of Hyderabad's Osmania Foundation.

The market for fintech technologies is anticipated to increase at a CAGR of 20.3% between 2021 and 2030, reaching $698.48 billion.Fintech, which aims to improve and automate the delivery and use of financial services by implementing a number of technologies including application programming interfaces (APIs), artificial intelligence (AI), machine learning (ML), robotic process automation (RPA), blockchain, Web3 (including DeFi, CBDCs, NFTs, etc.), and data analytics, is the term for the application of new technological advancements to physical and software products and services in the finance industry.

Veena Gundavelli, founder and CEO of Emagia, says, "We look forward to developing the Emagia-OU Innovation Labs into a hub for ground-breaking financial solutions and a hub for enabling today's students to create the global digital future of tomorrow." According to Dr. Ravinder Dandaboina, vice chancellor of OU, "this relationship will serve to equip the OU students to become global innovators and increase the nation's workforce to efficiently go from classroom training to AI and Fintech professions in the global market."

With autonomous finance and digital payment solutions for multinational corporations, Emagia is the industry leader in fintech. Over 300,000 students attend Osmania University's campuses and associated institutions, making it one of the most renowned universities in India. The invention will be provided by Emagia-OU Fintech Innovation Labs.

a plan, mentoring, and direction for students at the OU College of Engineering for R&D in Fintech utilising the most recent and cutting-edge digital technology.

With OU, Emagia will provide training sessions, international hackathons, and research and development initiatives. Additionally, it consents to provide OU final-year students positions and internships in Emagia and affiliated businesses.

Emagia also consents to support innovative prizes for OU final-year students. Additionally, to encourage young women to participate in this digital financial revolution, add the "Women Innovator Award" to further promote women's empowerment in the technology industry.