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Mumbai Fintech Hub, FinTech Convergence Council announce India FinTech Festival

India FinTech Festival

Suniti Nandi, Fintech Officer, Govt of Maharashtra; Ajit Patil, IAS-MD, Maharashtra IT Corp Ltd; Naveen Surya, Chairman Fintech Convergence Council at the curtain raiser of IFF 2020

Mumbai Fintech Hub (MFH) and FinTech Convergence Council (FCC) are collaborating to conduct India Fintech Festival (IFF), a global platform to showcase the opportunities in the industry, as well as to discuss the key challenges and the possible solutions to counter the same.

IFF 2020 is backed by the Government of Maharashtra (GoM) and will be driven by GoM Fintech Policy, operationalized under MahaIT.The platform is powered by World Bank, NITI AAYOG and Invest India, while MEDICI, a global innovation and insights platform for fintech, is the program partner.

The GoM and FCC are aiming to foster next-generation innovation enabling financial empowerment and technological advancement across the entire financial services ecosystem, thus nurturing the sector for global competence, they said in a statement.

“India has led its digital Initiatives across the globe thanks to the potential of innovation, investment and collaboration in the country. This sector though evolving rapidly is still in its nascent stage. It is therefore imperative for opportunities to be harnessed in the right ways thus cementing India’s position as a leader in the digital landscape. IFF was conceived as that global platform to facilitate communication and collaboration through shared learning experiences across the globe..,” said Naveen Surya, Chairman, Fintech Convergence Council.

The festival is scheduled in the first week of March 2020. About 5000 delegates across 50+ countries comprising of Fintech start-ups are expected to attend the event along with regulators, key financial institutions, tech companies, governments, industry bodies, corporates and students.

The festival will have an advisory board consisting of Suniti Nanda, Fintech Officer, Government of Maharashtra, Naveen Surya, Chairman, Fintech Convergence Council; G Padmanabhan, Ex-RBI Executive Director, Current Non- Executive Chairman at Bank of India; Dilip Asbe, Managing Director & CEO at National Payments Corporation of India; Srinivas Jain, Executive Director and Chief Marketing Officer, SBI Mutual Fund; and Mohan Tanksale, Strategic Consultant, SWIFT among others.

This is similar to the much-coveted Singapore FinTech Festival organized by the Monetary Authority of Singapore, in partnership with the Association of Banks in Singapore. The event, which is scheduled from November 11 to 15 this year,  attracts more than 40,000 participants, decision-makers and investors from around the world.

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