9th Global Economic Summit to be a gateway for Indian FinTech Companies to gain the spotlight

by  EVENTFAQS Bureau Industry Watch | June 18, 2024 | News

Global Economic Summit FinTech: Accelerating the Digital Revolution World Trade Center Mumbai All India Association of Industries

World Trade Center Mumbai and All India Association of Industries are all set to host the 9th edition of their flagship event, the Global Economic Summit, themed "FinTech: Accelerating the Digital Revolution," from August 8-10, 2024. The Summit will discuss pathways and strategies to meet the unmet credit needs of MSMEs, women entrepreneurs and under-served communities through digital solutions such as paper-less credit, account aggregator framework, cash-flow based funding, alternative credit scoring methods and so on. World-over, central banks are encouraging their traditional banks to deploy technologies to promote digital supply chain financing for MSMEs and digital payments.

According to the UK Sinha-led Expert Committee of RBI, MSME sector faces credit gap to the extent of Rs. 20-25 lakh crore and fintech can be a key enabler of credit accessibility and affordability for small scale enterprises.

Dr. Vijay Kalantri, Chairman, MVIRDC World Trade Center Mumbai said, “India has the fastest growing fintech industry in the world and the Summit will add further momentum to this growth by connecting local companies to their global counterparts, fostering opportunities for investment, exchange of technology and business partnerships. This also aligns with the government’s initiative to take India’s fintech innovations such as UPI to the global market.”

The key highlights of the Summit are Conference, Exhibition, Networking Session, and Awards Ceremony.  The Summit will be an ideal platform for delegates and around 100 exhibitors to showcase their products and services among more than 5,000 visitors and 300 delegates from 10 countries, including policymakers, regulators, diplomatic corps and fintech industry leaders.

The Conference will be addressed by distinguished experts/bankers like P. Vasudevan, Executive Director, RBI; Amor Maclang, Co-Founder, International Digital Economies Association (IDEA); Dr. Dirk Zetzsche, Professor of Financial Law, University of Luxembourg; T Koshy, CEO, ONDC; Jatinder Handoo, CEO, Digital Lenders Association of India (DLAI) and other fintech leaders from India and around the World.

The Summit will also host notable speakers like: Makoto Shibata, Head & Chief Community Officer, FINOLAB Inc; Mihir Gandhi, Partner and Leader, Payments Transformation, PwC India; Hrushikesh Mehta, Senior Vice President - Financial Services, ONDC; Ajay Rajan, Country Head- Transaction Banking, Yes Bank; Amit Purohit, VP and Head - Digital Business, Aditya Birla Sun Life AMC; Sanjay Agarwal, Co-Founder and Director, Moneyview; Manish Lunia, Co-Founder, Flexiloans; Shilpa Mankar Ahluwalia, Senior Partner, Shardul Amarchand Mangaldas; Dr. Pawan Bakhshi, India Lead- Inclusive Financial Systems, Bill & Melinda Gates Foundation; Sashank Rishyasringa, Co-founder, Axio; Jaideep Pawar, Founder & CEO, GRAMePAY; Smita Jha, Partner, Khaitan & Co; Mandar Agashe, Founder, Managing Director & Vice Chairman, Sarvatra Technologies.

These speakers will discuss and deliberate on evolving market trends, critical emerging technologies, public digital infrastructure, frictionless lending, guardrails, compliance procedures and investment outlook.

Rupa Naik, Executive Director, MVIRDC World Trade Center Mumbai said, “The fast-growing fintech sector has transformed the lives of millions of consumers and businesses, ranging from self-employed persons to women entrepreneurs and large corporate houses. Fintech is the key driver of financial inclusion, gender equality, easy access to credit in rural areas and sustainable development goals.”