Fintech Pioneers Shine At BW Festival Of Fintech

Each year, the BW Businessworld's Festival of Fintech is a premier event that brings together industry leaders and innovators to celebrate cutting-edge developments in financial technology. At this gathering, experts examine and highlight the advancements in artificial intelligence (AI), machine learning, blockchain, digital banking, mobile payments, cybersecurity, API integration, DeFi, fraud prevention and open banking, reflecting the rapid evolution of the fintech industry. Central to these innovations is the pivotal role of big data, empowering financial service providers to leverage vast datasets for faster, more informed decision-making and the creation of cutting-edge financial tools and services.

This year, in its fourth edition, the summit provided a holistic view of these transformative technologies, addressing their regulatory landscapes and their profound impact on industry standards. Through panels, fireside chats, and networking sessions, participants engage in strategic discussions that navigate fintech's evolving ecosystem. These interactions foster collaborations among thought leaders, driving innovation and shaping the future of finance globally.

Disruption & Innovation In Fintech
As the fintech landscape rapidly evolves with advancements, innovations and disruptions are fueling the sector's growth. Many pioneering initiatives are deserving of recognition, celebrated at BW Businessworld's Festival of Fintech Awards 2024. This event not only highlights how fintechs leverage big data for operational efficiency and customer-centric solutions but also serves as a platform to honour outstanding contributions reshaping financial services.

This comprehensive approach ensures that the BW Businessworld's Festival of Fintech remains a cornerstone event for industry professionals looking to stay ahead in the rapidly evolving fintech sector.

Jury & Evaluation Process
For the BW Businessworld’s Festival of Fintech 2024 Awards, over 110 entries were received, narrowed down to 81 after a rigorous scrutiny and multi-tier screening process. Each nominee presented before a distinguished jury, showcasing leadership, impact on workplaces, community contributions, innovation potential, problem-solving skills, and effective strategy implementation.

The evaluation criteria emphasised key initiatives, milestones, overall impact, resource utilisation, and quantitative performance. Unique monetisation models, funding status, and clarity of vision were also pivotal in the assessment. The jury meticulously reviewed achievements aligned with advancing fintech frontiers.

This meticulous process culminated in recognising outstanding contributions across 23 categories such as fintech product of the year, lending platform of the year, CTO of the year, wealth tech of the year and so on.

The selection process was led by the Jury Chair, S Ravi, Promoter & Partner, Ravirajan& Co LLP, and former chairman, BSE &independent director. The jury panel included Dr Annurag Batra, Editor-in-Chief, BW Businessworld & Founder, exchange4media; Arvind Kumar, Director-General, STPI; Sumnesh Joshi (ITS), Deputy Director General (joint secretary level), Ministry of Communications, Government of India; Sai Ganesh Vootukuri, Head - Online Applications, NPCI Bharat BillPay; Saurabh Bhattacharya, Additional Executive Director, Centre for Smart Governance, Government of Karnataka; KalpanaAjayan, Regional Head - South Asia, Women's World Banking; Sharat Chandra, Founder, EmpowerEdge Ventures; Hrushikesh Mehta, SVP – Financial Services, ONDC; Deepankar Roy, Associate Professor, National Institute of Bank Management; Monica Jasuja, Fintech & Product Management Executive and Vikram Tanna, CEO, Mzaalo (Xfinite Global plc).