{"id":32248,"date":"2024-08-30T13:28:02","date_gmt":"2024-08-30T07:58:02","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=32248"},"modified":"2024-09-02T13:23:12","modified_gmt":"2024-09-02T07:53:12","slug":"global-fintech-fest-2024-the-future-of-fintech","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/global-fintech-fest-2024-the-future-of-fintech\/","title":{"rendered":"Global FinTech Fest 2024: The Future of FinTech"},"content":{"rendered":"

The Global FinTech Fest (GFF) 2024, held at the Jio World Convention Centre in Mumbai from August 28th to 30th, was the world\u2019s largest fintech conference. Bringing together over 80,000 participants from various sectors, GFF 2024 paved the way for the next generation of tech giant companies in finance. As said by the FinTech leaders that spoke at the fest, the next decade of finance will be based on responsible Artificial Intelligence (AI) and how we make use of it to increase productivity .<\/span><\/p>\n

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\"Start<\/a><\/b><\/h4>\n

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Advisory Board at the Global FinTech Fest 2024<\/b><\/h2>\n

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\"Advisory_Board_Kuvera\"<\/p>\n

Source: Ministry of Electronics and Information Technology<\/h6>\n

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The Advisory Board included prominent figures from the FinTech industry, regulatory bodies and investment sectors. Here is a list of the advisory board which was present at the FinTech conference:<\/span><\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Advisory Board Members<\/th>Designation<\/th>\n<\/tr>\n<\/thead>\n
Ritesh Shukla<\/td>Chief Executive Officer (CEO), NPCI International Payments Limited (NIPL)<\/td>\n<\/tr>\n
Vishwas Patel<\/td>Director, Infibeam Avenues Limited<\/td>\n<\/tr>\n
Srinivasu MN<\/td>Co-Founder and Director, Billdesk<\/td>\n<\/tr>\n
Harshvardhan Lunia<\/td>Co-Founder, Lendingkart<\/td>\n<\/tr>\n
Jitendra Gupta<\/td>Founder, Jupiter<\/td>\n<\/tr>\n
Srinivas Jain<\/td>Executive Director (ED) and Head of Strategy, SBI Funds<\/td>\n<\/tr>\n
Krish Gopalakrishnan<\/td>Chairman, Axilor Ventures; Co-founder, Infosys<\/td>\n<\/tr>\n
Praveena Rai<\/td>Chief Operating Officer (COO), NPCI<\/td>\n<\/tr>\n
Suvendu Pati<\/td>Chief General Manager, Fintech Department, Reserve Bank of India (RBI)<\/td>\n<\/tr>\n
Gopal Srinivasan<\/td>Chairman and Managing Director, TVS Capital Funds Limited<\/td>\n<\/tr>\n
G Padmanabhan<\/td>Former ED, RBI<\/td>\n<\/tr>\n
Rajesh Bansal<\/td>CEO, Reserve Bank Innovation Hub (RBIH)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

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Start investing<\/a> in Index Funds.<\/span><\/p><\/blockquote>\n

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Founders Council at the GFF 2024<\/b><\/h2>\n

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\"Founder_Council_Kuvera\"<\/p>\n

Source: Ministry of Electronics and Information Technology<\/h6>\n

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The Founders Council included well-known entrepreneurs from the FinTech space. Here is the list:<\/span><\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Founder Council Members<\/th>FinTech Company<\/th>\n<\/tr>\n<\/thead>\n
Amrish Rau<\/td>Pine Labs<\/td>\n<\/tr>\n
Vijay Shekhar Sharma<\/td>Paytm<\/td>\n<\/tr>\n
Shinjini Kumar<\/td>Salt<\/td>\n<\/tr>\n
Harshil Mathur<\/td>Razor Pay<\/td>\n<\/tr>\n
Kunal Shah<\/td>Cred<\/td>\n<\/tr>\n
Gaurav Kumar<\/td>Go-Yubi<\/td>\n<\/tr>\n
Dr. Bijna Kotak Dasani MBE, FRSA<\/td>Arthum<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

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What Happened at the Global FinTech Fest?<\/b><\/h2>\n

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The three-day event was a mix of innovation and collaboration. Here are some of the key highlights of the global fest:<\/span><\/p>\n

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1. Participants<\/b><\/h3>\n

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Over 800 speakers from around the globe, including FinTech founders, global leaders, central bankers, policy makers and industry experts, shared their knowledge and professional expertise across 300+ sessions.<\/span><\/p>\n

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2. Product Launches and Exhibitions<\/b><\/h3>\n

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The event witnessed 100 product launches and showcased over 300 exhibitors. As the speakers at the global fest said, all this was a glimpse into the latest fintech innovations.<\/span><\/p>\n

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3. Networking and Investment Opportunities<\/b><\/h3>\n

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With many networking events, including investor-startup conversations, attendees had the opportunity to make strategic alliances with some of the biggest global giants.<\/span><\/p>\n

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4. Hackathons and Competitions<\/b><\/h3>\n

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The Hackathon at the Global FinTech Fest 2024 was a hotspot of creativity, where developers and tech enthusiasts competed to solve real-world FinTech challenges.<\/span><\/p>\n

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Key Themes of GFF 2024<\/b><\/h2>\n

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The Global FinTech Fest 2024 was more than just a conference; it was a platform that set the stage for future collaborations and innovations in the FinTech sector. Let\u2019s understand the key themes of the 2024\u2019s global FinTech Fest:<\/span><\/p>\n

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\"Theme_2024_Kuvera\"<\/p>\n

Source: Ministry of Electronics and Information Technology<\/h6>\n

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1. Responsible AI<\/b><\/h3>\n

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Artificial Intelligence (AI) was a central theme at GFF 2024, mainly harnessing it responsibly. As AI continues to evolve, its application in fintech is set to revolutionise the industry. It promises to offer innovative solutions while addressing complex ethical challenges. GFF 2024 showed how blending AI with the human insight can drive the next generation of financial infrastructure.<\/span><\/p>\n

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2. Inclusivity in Fintech<\/b><\/h3>\n

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The focus on inclusivity highlights the need for financial services that serve to the underserved communities by the traditional banking systems. There were discussions around using FinTech to bridge the digital divide, making sure that everyone has access to essential financial services.<\/span><\/p>\n

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3. Resilience by Design<\/b><\/h3>\n

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Given the current global macroeconomic scenario, resilience in fintech was another important topic. The discussions underlined the importance of creating systems that can quickly recover from unforeseen challenges.<\/span><\/p>\n

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Wrapping Up<\/b><\/h2>\n

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Kunal Shah, the Founder and CEO at Cred highlighted the uniqueness of India’s digital infrastructure. Especially, how Indian regulators, like the National Payments Corporation of India (NPCI), have created a resillient ecosystem for the digital payment space. He compared this to the global market, noting that certain products and services, such as the kind of services offered by CRED, do not yet exist in other foreign markets. This tells us about India’s future in digital financial services infrastructure, which can be seen as setting a benchmark globally.<\/span><\/p>\n

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Therefore, the FinTech companies in India are beginning to scale to a level where they are not just big by Indian standards but are becoming relevant on a global scale. This indicates that Indian FinTech innovations has the potential to influence global trends and practices in the future.<\/span><\/p>\n

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FAQs<\/b><\/h2>\n

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What is the Global FinTech Fest 2024?<\/b><\/h4>\n

Global FinTech Fest 2024 is the largest FinTech conference in the world, which was held in Mumbai, India.<\/span><\/p>\n

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When was the Global FinTech Fest 2024 held?<\/b><\/h4>\n

The event took place from August 28th to 30th, 2024, at the Jio World Convention Centre in Mumbai, India.<\/span><\/p>\n

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Who attended the GFF 2024?<\/b><\/h4>\n

The fest brought together global leaders, central bankers, policy makers, FinTech founders, tech service providers and investors from around the world.<\/span><\/p>\n

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What were the key themes of GFF 2024?<\/b><\/h4>\n

The main themes of the Global FinTech Fest 2024 were responsible AI, inclusivity in fintech and resilience by design.<\/span><\/p>\n

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How many product launches took place at GFF 2024?<\/b><\/h4>\n

There were 100 product launches during the international event, showing the latest innovations in the FinTech segment.<\/span><\/p>\n

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What impact will the Global FinTech Fest 2024 have on the future of FinTech?<\/b><\/h4>\n

GFF 2024 is expected to influence the direction of the FinTech industry by combining innovation with global collaboration and creating a blueprint for the next decade of finance.<\/span><\/p>\n

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\"FD<\/a><\/h4>\n

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Interested in how we think about the markets?<\/strong><\/p>\n

Read more:\u00a0Zen And The Art Of Investing<\/a><\/p>\n

Watch here: <\/strong>Investing In Passive Funds<\/p>\n

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