Category Archives: News

NBFCs like SAVE Solutions Innovate to Serve Underserved Populations

Non-Banking Financial Companies (NBFCs) are well-positioned to enhance customer service by drawing on the successful strategies of Microfinance Institutions (MFIs). Since 2015, MFIs have promoted financial inclusion and social impact through resilience, regulatory adaptation, and digital transformation. By adopting technologies like mobile banking, AI, and digital payments, MFIs have streamlined operations, reduced costs, and improved customer experiences. NBFCs can follow suit by leveraging big data to offer personalized financial products and flexible repayment schedules. Additionally, investing in financial literacy programs can empower customers and build trust. By embracing these strategies, NBFCs can build stronger customer relationships, build trust, and remain vital players in the financial sector.

Mr. Ajeet Kumar Singh, MD, and Co-Founder, SAVE Solutions Pvt. Ltd. says “Financial inclusion is a growing concern, and incentivizing Non-Banking Financial Companies (NBFCs) to reach more underserved segments can be achieved through several key enablers. A supportive regulatory environment is essential, encouraging innovation and reducing barriers to entry. Allocated government funds for equity support can provide NBFCs with the necessary capital to expand their services. Additionally, offering tax incentives to impact investors and venture capitalists can stimulate investment in NBFCs, further enhancing their ability to serve underserved populations.”

By implementing these measures, NBFCs will be better positioned to promote financial inclusion and reach those most in need. This strategic approach will not only enhance the reach and impact of NBFCs but also ensure that underserved communities have access to essential financial services. The combined efforts of regulatory bodies, government support, and private investment will play a crucial role in driving financial inclusion and enhancing economic growth.­­­­­­­­­­­

Microfinance Institutions (MFIs) in rural India face several key challenges in addressing the needs of unbanked and financially excluded segments. These challenges include unseasoned income, irregular cash flows, and high borrowing costs, which lead to higher rates of interest that adversely affect both MFIs and their customers. Additionally, MFIs encounter higher operational costs and a lack of digital infrastructure and literacy in rural areas, further complicating their mission to provide financial services to underserved populations.

In the digital era, extensive efforts in digital financial literacy are essential. Overcoming these challenges requires a combination of policy support, technological innovation, and capacity building. By cultivating a supportive regulatory environment, investing in digital infrastructure, and enhancing financial literacy programs, MFIs can sustainably serve rural populations and promote financial inclusion. This strategic approach will enable MFIs to address the unique financial needs of rural India, ultimately driving economic growth and improving the quality of life for these communities.

The relationship between Non-Banking Financial Companies (NBFCs) and traditional banks is poised to evolve into a more collaborative and symbiotic partnership. Traditional banks bring robust capital and infrastructure to the table, while NBFCs and Microfinance Institutions (MFIs) excel in local knowledge and networks to reach underserved populations. This complementary dynamic enables both entities to leverage each other’s strengths, promoting financial inclusion and sustainable development. Various partnership models, such as business correspondents, co-lending, term lending, portfolio buy-outs, and Aadhaar-enabled payment systems, will continue to facilitate this collaboration.

As these partnerships deepen, the financial sector can anticipate more innovative financial solutions and expanded access to financial services for underserved communities. This collaborative approach not only enhances the ability of both traditional banks and NBFCs to serve a broader customer base but also drives economic growth and stability. By combining resources and expertise, traditional banks and NBFCs can create a more inclusive financial ecosystem, addressing the diverse needs of the population and encouraging long-term development.

Non-Banking Financial Companies (NBFCs) are poised to play an increasingly significant role in the future of finance, particularly in terms of financial inclusion and social impact. By targeting individuals and small businesses typically excluded from traditional banking systems, NBFCs and Microfinance Institutions (MFIs) empower small businesses, rural microentrepreneurs, and households. This empowerment leads to improved family health, education, and economic stability, highlighting the pivotal role NBFCs play in community development.

As a larger portion of the population engages with mainstream banking and builds credit histories, the microfinance sector’s importance continues growing, especially when combined with digital payments, contributing significantly to the nation’s GDP. This evolving landscape underscores the critical role NBFCs will play in shaping financial inclusion and driving economic growth. By addressing the needs of underserved segments, NBFCs are enhancing financial access and contributing to the nation’s overall economic prosperity.

SAVE Microfinance’s business model, particularly its Joint Liability Group (JLG) lending, has significantly empowered under-banked communities, especially women in rural areas. Collateral-free JLG loans have catalyzed the growth of women-led businesses, enabling many to transform their skills and knowledge into successful enterprises. This model brings a sense of community and mutual support, enhancing social cohesion and empowering women to gain respect and influence within their families and communities. Participants in JLGs often report increased self-confidence and a greater role in household decision-making, showcasing the profound impact of these financial services.

Furthermore, the loans have led to the emergence of female microentrepreneurs who improve their own lives while creating employment opportunities for others. JLG lending supports sectors traditionally dominated by women, such as handicrafts, textiles, food processing, and animal husbandry, preserving cultural legacies and promoting indigenous skills. Overall, SAVE Microfinance’s JLG lending model strengthens women’s roles in their communities, contributing to their financial independence and security while promoting sustainable economic development.

Indian Family Business Awards Returns for 3rd Edition with PwC India as Process Partner

7th August 2024: To honour and recognise families that have significantly contributed to India’s economic growth, entrepreneurial spirit, and job creation, Moneycontrol PRO, a fast-growing subscription service, and Waterfield Advisors, a leading independent multi-family office and wealth advisory firm, have united once again along with PwC India as the process partner to host the third edition of the ‘Indian Family Business Awards 2023’

The previous edition of the Indian Family Business Awards in 2022 received an impressive response with 140 plus entries across various categories and 200 plus on-ground attendees. The upcoming 2023 edition of the event promises to be even grander.

This year, the awards is segregated into five different segments – Super (under Rs 1,000 crore), Mega (between Rs 1,000 and Rs 5,000 crore), Giga (over Rs 5,000 crore), Best Startup Family Business (under Rs 1,000 crore & 5 years of existence) and Philanthropy Award (Best Family Business). To qualify for the awards, a family business must have been established in India and should be operational for at least 10 years, while start-ups must have been incorporated at least five years ago. Additionally, the family should hold a majority stake and/or control in the business.

Presented by Moneycontrol PRO, co-created with Waterfield Advisors, process partner PwC India, the Indian Family Business Awards 2023 will feature various categories – Best Family Business, Best Governance, Most Innovative, Disruptive & Transformational Family Business, Best Family Business Led by a Woman, Best Startup Family Business and Philanthropy. This year too the participation process involves self-nomination. Once nominations are submitted, the process partner to review the applications and determine their suitability under the various award categories and, where necessary, conduct personal interviews or meetings with them. They then submit their report to the Jury panel. The Jury panel then shortlist the winners post thorough discussions. The esteemed Indian Family Business Award 2023 winners to be honoured and felicitated with a grand on-ground ceremony.

In its third year, the distinguished jury for the awards will include Soumya Rajan (Founder & CEO, Waterfield Advisors); Sonu Bhasin (Founder of FAB – Families and Businesses); Gopal Srinivasan (Chairman, TVS Capital Funds Limited); and Gaurav Dalmia (Chairman Dalmia Group Holdings).

Soumya Rajan, Founder & CEO of Waterfield Advisors, stated, “We conceptualised the Indian Family Business Awards (IFBA) to honour India’s family businesses. At Waterfield, as trusted advisors to this illustrious community, we acknowledge their immense contributions to India’s economic progress. Over the first two seasons, we have laid the foundations for an event that is now much anticipated. We are excited for a grander third season and encourage family businesses across India to participate.”

Falguni Shah, Partner & Leader – Entrepreneurial & Private Business, PwC India stated, “As trusted advisors to family businesses, we are honoured to be the process partners for the India Family Business Awards (IFBA). This prestigious platform allows us to support and celebrate the best in the industry. We eagerly anticipate the journey of evaluating submissions from across the country, uncovering unique strengths, and providing insights that truly make these businesses stand out.”

The Indian Family Business Awards 2023 invites you to join the ranks of those who have significantly influenced India’s economic landscape and left lasting impact on the society.

Indian Bank Celebrates 118th Foundation Day with State-Level Volleyball Tournament in Chennai

August, 7th 2024: As part of its 118th Foundation Day celebrations, Indian Bank is hosting the State-Level Invitation Volleyball Tournament in Chennai. The tournament, inaugurated on August 6, 2024 by Shri S L Jain, MD & CEO of Indian Bank, is taking place at the Mayor Radhakrishnan Stadium in Egmore. The event marks a significant milestone in the Bank’s long-standing tradition of supporting sports and community engagement.

 In the opening match of the tournament, Indian Bank’s team showcased their prowess by outplaying Loyola College in a thrilling five-set game. This victory not only highlighted the team’s competitive spirit but also set an exciting tone for the rest of the tournament. The Bank’s commitment to promoting sports and fostering talent is evident through such initiatives, which continue to resonate with the community and sports enthusiasts alike.

Karan Aujla’s ‘It Was All A Dream World Tour’ Takes Delhi by Storm; Third Show Announced

Punjabi music sensation Karan Aujla is on an unstoppable trajectory as his ‘It Was All A Dream World Tour’ continues to shatter records. The tour which will now commence its global run across territories such as Canada (August 2024), United Kingdom (September 2024) and New Zealand (October 2024) has reached a fever pitch in India, with the Delhi NCR leg proving to be an absolute phenomenon.

Following the unprecedented sell-out of the first two Delhi NCR shows, which collectively drew a record-breaking 50,000 in ticket sales, Team Innovation has announced an additional and a third show in the Indian capital on 19th December 2023.

With a staggering 1,00,000 tickets sold across 4 cities in less than a month, Karan Aujla’s popularity and relevance within the music and entertainment scene is undeniable. His ability to connect with audiences on a profound level, coupled with his infectious energy and chart-topping hits, has solidified his status as a true international superstar.

Karan Aujla shares, “I’m absolutely overwhelmed by the love and support from my fans in India. The fact that we had to add a third show in Delhi is a dream come true. This incredible response fuels my passion to create even more powerful music. I can’t wait to share the stage with my fans and create unforgettable memories together. This tour is more than just a concert; it’s a celebration of our connection. Returning to India for my debut tour feels like coming full circle. It’s where my musical journey began, and to be able to share this moment with my fans here is incredibly special. Through this tour, I want to celebrate the music that connects us all, and create an unforgettable experience where I can get up close and personal with the people who have supported me from day one. Together, we’ll embark on a musical journey that celebrates our roots and the power of human connection.”

Rishabh Talwar, Business Head, Team Innovation adds on, “The unprecedented demand for Karan Aujla’s ‘It Was All A Dream’ world tour is a testament to the incredible power of Punjabi music and the growing appetite for live entertainment in India. By adding a third show in Delhi, we are not only fulfilling the wishes of countless fans but also setting a new benchmark for live events in the country. This tour is poised to make history, and we are proud to be at the forefront of this cultural phenomenon and bringing world-class entertainment to Indian audiences.”

Presented and produced by Team Innovation and supported by Live Nation, the tour is slated to kick off on 7th December 2024 in Chandigarh followed by Bengaluru on 13th December 2024, Delhi NCR on 15th December 2024 and 18th December 2024 with the last stop being Mumbai on 21st December 2024. The tour also marks the 27-year-old singer-songwriter and rapper’s debut arena showcase within India.

The ‘It Was All A Dream’ world tour promises to deliver a visual and auditory spectacle, featuring a state-of-the-art stage production, a dynamic setlist showcasing Karan Aujla’s greatest hits and new music and an unparalleled level of audience engagement. From the electrifying anthems to the heartfelt ballads, each performance has been a testament to the artist’s exceptional talent and versatility. Aujla will be joined by long-time collaborator and Toronto-based producer Ikky in all four cities.

Tia Gandwani Joins the Cast of Shemaroo Umang’s Highly Anticipated Supernatural Show ‘Shamshaan Champa’

Get ready for a spellbinding blend of fantasy and romance as Shemaroo Umang gears up to launch its much-awaited show, Shamshaan Champa, premiering on August 20, 2024, at 9 PM. The show promises to captivate audiences with its intriguing mix of supernatural elements and heartfelt romance.

Joining the star-studded cast, Tia Gandwani will portray Urvashi, the protective mother of the lead character, Vikram. Her role is set to be a central piece in this thrilling narrative, adding depth and emotion to the story. Alongside talented actors Monalisa and Trupti Mishra, Tia’s performance is eagerly anticipated by fans and critics alike.

Tia Gandwani shares her excitement about her role, stating, “Playing Urvashi in Shamshaan Champa is going to be an incredibly enriching experience. Urvashi’s strong love and protectiveness for her son highlight her character’s depth and compassion. She is on a quest to find someone with a special horoscope, to safeguard her son from Mohini’s malevolent influence. This role beautifully showcases the power of a mother’s love and how she can go to any extent to protect her son.”

The buzz surrounding Shamshaan Champa is palpable, with exciting promos and a stellar cast fueling viewer anticipation. The show promises to deliver a compelling mix of drama, suspense, and emotional moments, making it a must-watch.

Frozen Bottle Launches Boba Bar, Bringing the Ultimate Bubble Tea Experience to India

Bengaluru, 7th August 2024 – Frozen Bottle, a leading Indian dessert cafe brand from the house of Curefoods, announced the launch of Boba Bar today. Boba Bar, created to offer its customers the ultimate Bubble Tea Experience is set to redefine beverage indulgence across India. Apart from Swiggy and Zomato, Boba Bar products are available in 100+ Frozen Bottle stores nationwide, ensuring a wide audience can enjoy these delightful beverages.

Boba Bar offers a wide range of flavours and customizations, ensuring every sip is a delightful journey, crafted to perfection. From classic milk teas to fruity blends, there is something to satisfy every craving.

The Frozen Bottle team embarked on a journey of research and innovation, meticulously crafting a range of Boba beverages that would delight customers. With the new product line new product line, Frozen Bottle remains committed to maintaining high standards of quality and taste. Every Boba Bar drink is made with the finest ingredients, ensuring top-notch quality.

With a commitment to sustainability, Boba Bar serves its beverages in iconic Gudbud Jars with biodegradable straws, ensuring an eco-friendly experience. The menu includes classic favourites such as Thai Milk Tea and Taro, as well as exotic options such as Matcha, Rose, and Blueberry Bubble Tea. For those seeking innovative combinations, options such as Blackcurrant Boba Tea and Chocolate Hazelnut Boba Tea will provide a delightful experience.

Commenting on the launch, Pranshul Yadav, CEO, Frozen Bottle said, “We at Frozen Bottle have always been watchful of the current market trends. With the current boom in the market for all things Boba, it was natural for us to explore that product line. Boba Bar is more than just a beverage; it’s an experience. We are excited to bring the vibrant and dynamic world of bubble tea to all boba lovers, offering a wide range of flavours and customizations that cater to every palate. We aim to redefine how people enjoy their drinks, combining quality ingredients with innovative twists to create something truly special.”

To celebrate the launch, Boba Bar is offering its full range of Bubble Teas at a special introductory price of ₹100 on Independence Day, August 15, 2024. Boba Bar is currently available in over 100 locations across 30 cities, with plans to expand to more than 300 locations in over 60 cities in the next couple of years.

Jane Goodall Institute India and Museum of Solutions to host a unique exhibition to celebrate Dr. Jane Goodall’s legacy

Mumbai, August 07, 2024: The Museum of Solutions (MuSo), a unique children’s museum in Mumbai, in collaboration with the Jane Goodall Institute India will host the first-of-its-kind exhibition on the life & times of Dr Jane Goodall. Titled “Celebrating Jane,” this unique exhibition will provide an immersive insight into the life and work of the world-renowned ethologist and conservationist, Dr. Jane Goodall; known for her lifelong research on wild chimpanzees in Gombe, Tanzania. This travelling exhibition marks the first official showcase in India of Dr. Jane Goodall’s extraordinary journey.

As part of this exhibition, JGII & MuSo are recreating Jane’s tent to provide children and visitors a captivating experience on her daily life with her chimpanzee friends. These wild chimpanzees take centre stage at the Celebrating Jane exhibition, which offers profound insights into Jane Goodall’s life and the significant impact she has created through her youth program ‘Roots & Shoots’. The JGII & MuSo collaboration aims to establish a true-life connection between Jane’s legacy and the visitors on a more personal level thereby making her story more relatable.

According to Tanvi Jindal Shete, Founder of Museum of Solutions, “This exhibition embodies our mission to spark curiosity and foster a love for nature among young minds. By sharing Dr Jane Goodall’s inspiring journey, we aim to inspire students, kids, and families to become passionate advocates for wildlife conservation and environmental stewardship. Dr Goodall’s life and legacy teach us about the enormous challenges she overcame to revolutionise our understanding of animals and humans. Through interactive narratives and hands-on activities, children will learn about her incredible work and feel empowered to take actionable steps towards a sustainable future. This collaboration with the Jane Goodall Institute India offers an enriching educational experience that celebrates a true icon and motivates the next generation of changemakers.”

According to Katie Bagli, Education Director, Jane Goodall Institute India, “We are thrilled to collaborate with the Museum of Solutions to bring this special exhibit to life. Dr. Jane Goodall’s incredible journey and dedication to conservation have inspired millions around the world. This exhibition not only celebrates her legacy but also aims to instil hope and a passion for wildlife preservation in young minds. Through engaging activities and educational programs, we aspire to empower visitors to take actionable steps towards a sustainable future.”

Celebrating Jane exhibition will be hosted at Museum of Solutions from August 5 to September 13, 2024, 10 AM onwards. It aligns with MuSo’s commitment to Sustainable Development Goals (SDG) education, encouraging children to take positive actions for a better future. Children and visitors will have the opportunity to explore an entire floor dedicated to Dr. Jane Goodall’s extraordinary journey through five distinct zones: Introduction to Jane, Early Life, Life in Gombe, Celebrating Jane, and the Chimpanzee Guided Zone. The exhibit also delves into the global impact of the Jane Goodall Institute and the Roots & Shoots program in India, which empowers young people to make a positive difference in their communities. This exhibition will also introduce the children and visitors to Roots & Shoots ‘Oceans Are Us’ program. This allows young and curious minds to explore, learn, collaborate, plan and act towards creating a lasting change, one that helps restore the health and natural splendour of our oceans.

Dr. Jane Goodall, widely regarded as the world’s foremost expert on chimpanzees and a trailblazing ethologist, dedicated over 60 years of her life to studying the social and family interactions among chimpanzees. The Celebrating Jane exhibition employs a blend of immersive and interactive tools to highlight her childhood dreams; iconic studies at Gombe; and evolution from a scientist to global activist. Dr. Goodall’s ground-breaking research began at Gombe Stream National Park in Tanzania in 1960. Celebrating her pioneering spirit and unwavering dedication to wildlife conservation, the exhibit features hands-on activities and educational programs designed to ignite curiosity and foster a love for nature among children and families. The curated experiences at Celebrating Jane underscores JGII & MuSo’s joint commitment to promote sustainability and inspire children to connect with nature, understand global challenges, and become active participants in their communities.

Dr. Batra’s® Healthcare Continues Expansion, Opens State-of-the-Art Clinic in Greater Noida – Gaur City

Delhi, 6th August 2024 – Dr. Batra’s® Healthcare, the Indian global leader with the largest network of homeopathic clinics worldwide, is thrilled to announce the grand opening of its 2nd clinic in Greater Noida and its 16th clinic in Delhi-NCR. The inauguration event was graced by Mr. Tejpal Singh Nagar, Member of Legislative Assembly from Dadri Constituency, Greater Noida alongside Dr. Tushar Mittal, Head – Medical Services at Dr. Batra’s® Group of Companies. Gaur City is strategically located to offer excellent connectivity to Noida and Delhi-NCR, making it an ideal place for families and professionals to call home, which will likely drive an increased demand for healthcare services. According to the World Health Organization, homeopathy is the second largest system of medicine worldwide, with over 100 million people in India depending on it for their health and wellness needs.

The name, Dr. Batra’s®, is synonymous with homeopathy. Padma Shri Dr. Mukesh Batra, and India’s leading homeopath, founded Dr. Batra’s ® Healthcare as a patient-driven institution in Mumbai in 1982. Since then the brand has successfully treated over 15 lakh patients with a success rate of 91% as authenticated by the American Quality Assessors.

Dr. Batra’s® offers people of Greater Noida the fastest and the best results through the combined goodness of homeopathy and the latest international technologies. Dr Batra’s® recently launched XOGEN, an exosome-based targeted hair treatment designed for men and women, to revolutionize the management of hereditary hair loss with its exosome-based formulation. XOGEN represents a cutting-edge advancement in hair restoration, using a potent formula of 2 billion cells to regenerate hair. Clinically proven to show visible results in just three months. Dr. Batra’s® has introduced the world’s first AI-powered device, AI Skin Pro, for diagnosing and treating skin diseases. Imported from South Korea, this machine represents the fifth generation of AI technology. Additionally, the AI Hair Pro device offers faster, highly customized, and accurately measurable patient outcomes for the treatment of hair disorders.

Moreover, get radiant, brighter, and clearer skin instantly with Dr. Batra’s® New You range of Home-facials & Medi-facials that combine the goodness of homeopathy with best-in-class aesthetic solutions. Find out your lung health score with Dr. Batra’s® Oxylung – the comprehensive lung health treatment program which includes the Lung Function Test and a natural, steroid-free Homeopathic Nebulization. With Dr. Batra’s® Allergone, patients can get tested for over 45 food allergens with a single prick test and treat their skin allergies and chronic skin problems like Vitiligo, Psoriasis, and Eczema through Dr. Batra’s® Derma Heal, a therapeutic light treatment combined with the goodness of homeopathy for the skin.

Commenting on the launch Mr. Tejpal Singh Nagar, Member of Legislative Assembly from Dadri Constituency, Greater Noida said, “Homeopathy, being one of the safest treatment methods, brings me immense satisfaction. I am delighted to be part of the clinic’s launch. Providing care to people is a noble service to humanity, and Dr. Batra’s® has earned a distinguished reputation for delivering top-quality healthcare.”

Commenting on the launch of the Greater Noida clinic, Dr. Tushar Mittal, Head – Medical Services at Dr. Batra’s® Group of Companies said, “This new clinic in Greater Noida’s- Gaur City expands our reach, bringing our world-class homeopathic solutions. Our establishment in the region reflects our commitment to meeting the evolving healthcare needs of this vibrant and growing community. At Dr. Batra’s®, we combine the benefits of homeopathy with advanced international technologies, emphasizing personalized care tailored to each patient’s needs. This new clinic underscores our commitment to enhancing patient well-being. Homeopathy provides numerous advantages, offering holistic treatment with no side effects. Dr. Batra’s® excels in creating customized treatment plans based on the severity of each condition. The uniqueness of homeopathy lies in its cost-effectiveness, non-invasive methods, and painless healing, aligning perfectly with our mission of Healing People Changing Lives.”

Fintech Ecosystem Luminaries to Converge at Global Fintech Fest 2024

New Delhi, August 6, 2024 – One of the world’s largest annual fintech conferences, the Global Fintech Fest (GFF) is back with its fifth edition. GFF 2024 is scheduled from August 28 – 30, at the Jio World Convention Centre, Mumbai. The theme of this year’s conference is ‘Blueprint for the Next Decade of Finance: Responsible AI | Inclusive | Resilient’.

Global Fintech Fest (GFF) 2024 is presented by the Ministry of Electronics and Information Technology (MeitY), Ministry of External Affairs, Department of Financial Services (DFS), Reserve Bank of India (RBI) and International Financial Services Centres Authority (IFSCA). The conference is jointly organised by the Payments Council of India (PCI), the National Payments Corporation of India (NPCI), and the Fintech Convergence Council (FCC)

Explaining the key objective and vision of GFF 2024, Mr. Kris Gopalakrishnan, Chairman, Axilor Ventures and Co-founder, Infosys, and the Chairman of the Global Fintech Fest (GFF) 2024 Advisory Council said, “GFF 2024 is more than a showcase of fintech innovations. It’s about crafting a future that is equitable, inclusive, and resilient. In the context of India being one of the fastest growing fintech markets in the world, this conference assembles the leading minds in global fintech to surge ahead ensuring inclusive and sustainable growth. Our focus on responsible AI, inclusivity, and resilience highlights our commitment to building a responsible financial ecosystem that can adapt to and thrive amid global challenges.”

“At the heart of GFF 2024 is the belief that a responsible and inclusive financial ecosystem is imperative for global progress. Our theme this year is Blueprint for the Next Decade of Finance, which reflects our dedication to fostering collaboration, innovation, and ethical leadership in fintech”, said Mr. G Padmanabhan, Former Executive Director, the Reserve Bank of India, Former Chairman, the Bank of India, and Member, of GFF 2024 Advisory Council.

Summing up the importance of GFF 2024, Mr. Dilip Asbe, MD & CEO, National Payments Corporation of India (NPCI) said, “We are happy to unveil the fifth edition of Global Fintech Fest 2024 – a meeting ground for celebrating the remarkable advancements of fintech, spotlighting new opportunities driven by the surge in deep-tech innovations, and hearing inspiring thoughts of visionary leaders. This year’s fest is not only aimed at nurturing global collaborations and addressing pivotal challenges, but also devising business models that promote inclusivity, resilience, and sustainability. GFF 2024 aims to promote innovation, and we are looking forward to engaging discussions and pioneering insights that will shape the future of the sector for the coming decade.”

Around 800 speakers, including policymakers, regulators, senior bankers, industry captains, and academicians, from India and various other countries will address more than 350 sessions over three days of the conference.

Among the stalwarts from India sharing their insights at GFF 2024 are:

· Shri Shaktikanta Das, Governor, Reserve Bank of India

· Shri T Rabi Sankar, Deputy Governor, Reserve Bank of India

· Shri S Krishnan, Secretary, MeitY

· Smt. Madhabi Puri Buch, Chairperson, Securities & Exchange Board of India (SEBI)

· Shri. Vivek Joshi, Secretary, Department of Financial Services, Ministry of Finance, Government of India

· Dr. Abhijit Phukon, Economic Advisor, Department of Financial Services, Ministry of Finance, Government of India

· Mr. Nandan Nilekani, Co-founder & Chairman, Infosys Technologies

· Shri. Atul Kumar Goel, Managing Director & CEO, Punjab National Bank

· Shri. Sumnesh Joshi, Deputy Director General (Joint Secretary Level), Ministry of Communications, Government of India

· Mr. Ray Harishankar, Vice President, Business and Technical Strategy, IBM Quantum Safe

Global luminaries from the fintech and finance ecosystem converging at GFF 2024 include:

· Dr. Florian Toncar, Parliamentary State Secretary, German Federal Ministry of Finance

· Mr. Alexandre Stervinou, Director, Cash & Retail Payments Policy and Oversight Directorate, Banque de France

· Mr. Harish Natarajan, Practice Manager, Financial Inclusion & Infrastructure, The World Bank

· Mr. Jay Surti, Financial Supervision & Regulation Division Chief, International Monetary Fund

· Ms. Daranee Saeju, Assistant Governor, Bank of Thailand

· Dr. Sidi Mohamed Dhaker, Special Advisor to Governor, Central Bank of Mauritania

· Ms. Ana Maria Prieto, Head – Payment System Department, Central Bank of Colombia

· Mr. Solomon Damtew, Director, National Bank of Ethiopia

· Mr. Harris Mygdalis, Group Chief Digital Officer, Eurobank

· Ms. Sirirat Jungwongsasin, Deputy Director, Bank of Thailand

· Mr. Camilo Tellez-Merchan, Deputy Managing Director, UN-based Better Than Cash Alliance, United Nations

GFF 2024 will feature over 150 international speakers from 40 countries, including the US, the UK, Germany, France, Singapore, UAE, and Israel. Delegates are expected from over 100 countries, besides India.

The conference will also feature Investment Pitches and hackathons, providing a platform for fintech startups to present their innovative ideas to potential investors. This initiative aims to offer the startups international visibility and secure substantial funding from leading venture capitalists. Twenty thought leadership reports will be launched at GFF 2024.