Technology has become an indispensable entity in the financial sector creating new opportunities to local talent and contribute to India’s financial landscape. India has the highest FinTech adoption rate of 87% as against the global average of 64% which is mainly contributed by the age group of 25 and 44 being the highest adopters of FinTechs at a staggering 94%. Also, India’s total Fintech opportunity is expected to reach around $1.3 Tn by 2025, growing 220% from the current market size of $584 Bn.
To contribute to this widespread growth, authorities are adapting to the latest technical and regulatory framework, creating a holistic environment for investments in Fintech. States like Tamil Nadu, the second largest economy in India is leading the way with its robust financial services industry and known as the SaaS capital of India. The government rolled out the Fintech Policy in 2021 which defines the scope, regulations, and infrastructure for a robust Fintech ecosystem in the region.
The Banking,
Financial Service, and Insurance sector, in the last few years has witnessed
drastic changes owing to high competition, evolving customer expectations,
newer regulatory compliances, and more. With the pandemic, consumer behavior
shifted drastically, driving many financial institutions to relook and redefine
their customer experiences to thrive under the unprecedented circumstances.
The summit is designed to host senior
professionals from Government Regulatory Authorities, Banks, Insurance
Companies, Brokers, Bancassurance, and Fintech Companies to discuss their
strategies for Digital Transformation. Event will address the key challenges in
the financial sector and counter it with innovative technologies by bringing on
board expert speakers from across the industry who will share the global best
practices through case study presentations, panel discussions, roundtables,
workshops, Start-up incubators and much more. The event is structured to equip
attendees with the appropriate strategies to be implemented in their respective
organizations and perform proactively to stay on top of their business.
Costs: n/a
Event type: Trade fairs and exhibitions
Registration information: dhinesh@pointtobusinessservice.com
Event website: https://www.fintechindiasummit.com
Posted by: Lakshmanathan K