Fintech Storm announces NPCI alliance and is set to explore opportunities for Banks & Payment firms at Fintech Storm India Summit 12 May

2024-04-22 02:19:56 Events / Trade Shows

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Fintech Storm is bringing to Mumbai on 12-13 May 2016 the collective insights of Fintech world gleaned from Europe & USA. Banks and FIs that are readily embracing financial technology as a new strategic tool are enjoying the competitive edge globally. The early adopters of Fintech in banking are set to galvanise efficiency and speed with customer experience at the heart of this new mindset .

In this respect "Fintech Storm", the established brand from UK owned by Genius Incubator Ltd is set to forge crucial partnerships with thought-leaders in banking and policy-making bodies in India, and is hosting India Financial Forum on 12May at Hotel St Regis - a unique platform to bring together key BFSI players, Payment companies, Fintech constituents and investor community to provoke a new thought-process.

National Payments Corporation of India (NPCI) is one such crucial alliance Fintech Storm has embarked on building in India. Speaking about the forum, confirmed keynote speaker at the 12 May Summit, Shri A.P.Hota, CEO of NPCI said -"Unified Payments Interface (UPI) is a transformational payment system project which would facilitate immediate "send" and immediate "collect" 24x7. Being API based, banks and financial institutions would have enough flexibility to develop products on the UPI platform. Early indication shows great enthusiasm on the part of the ecommerce players to make use of UPI for the payment leg of transactions. " - Shri A.P.Hota CEO of National Payments Corporation of India

Mr Hota expressed his enthusiasm about this first of its kind summit to catalyse intellectual debate among CEOs of BFSI sector -"The Fintech Storm India Summit" aims at bringing together host of Fintech start-ups and also the investors where UPI platform is likely to be one of the exciting areas to be discussed?. - Shri A.P.Hota

Speaking on the collaboration, Ms Arifa Khan, MD & CEO of Genius Incubator Ltd & founder of "Fintech Storm" & "Europe-India Conclave" Series said her firm would support NPCI on research on relevance of Blockchain in Indian Payments Market.

India Financial Forum on 12 May will focus debate on themes such as Digital Banking, Banking APIs, Online Lending, Peer to Peer funding, instant and seamless payments (between banks, wallets , ecommerce marketplaces and telecom networks as well as cross border remittances), financial inclusion for the unbanked, Blockchain applications in and outside of Financial services, and other emerging technologies such as Big data, IOT, Artificial intelligence for Robo Advisory to help Banking industry evaluate the opportunities & threats and to shape and channelise their response to the environment fraught with change. USAID will speak on successful experiments in financial inclusion at the summit.

"We are delighted to have the support of an independent and objective non-profit organisation such as NPCI whose objective is to accelerate innovation in payments, which affects the banking and cards industry. Mr A.P Hota is a veteran CEO who enjoys the confidence of the entire banking industry in India, and having his buy-in for a collaborative R&D effort is a huge advantage. We are excited about the promise of technologies such as Blockchain - having built strong connections with Blockchain experts & innovators in Europe, and USA. We would now explore its applications in industries such as education, testing & certification, healthcare management, supply chain management, and authentication of luxury goods and high value collectibles such as art, antiques and jewellery - in India where the applications and use cases could be even more pronounced than in the west because of peculiar market conditions of an emerging economy and scope for drastic innovation." - Arifa Khan, CEO Genius Incubator Ltd.

Visit for more info: http://fintechstormindia.com

Those outside India can get live streaming tickets for 12 May here:

http://fintechstormindiasummitmay2016.eventbrite.com

Tickets for our London Summit 14 July 2016 here: http://fintechstormlondonsummitjuly2016.eventbrite.com