Future Masters Of Fintech
In India, the fintech market is expanding quickly and is predicted to reach over USD 1.3 trillion by 2025. A number of variables, including the rising popularity of smartphones, the expansion of the digital economy, and government support for the industry are propelling the growth of fintech in India.
Payments, loans, insurance, and investment are a few of the fintech segments in India that are expanding at a rapid rate. Indian fintech companies are utilising technology to provide customers with fresh, cutting-edge financial services that are easier to use, more accessible, and more convenient. The traditional banking sector is currently seeing a considerable impact from this, which is expected to persist in the years to come. Acknowledging the importance of fintechs in the country's financial landscape, BW Businessworld organised its third edition of the Festival of Fintech on July 29, 2023, in Bengaluru, India.
Know The Initiative
The BW Festival of Fintech unites leaders in innovation, driven by Fintech, who contribute to sustainable economic development at a significant scale. The Indian innovation landscape serves as a dynamic showcase, bringing clarity and progress within what may appear as a chaotic and confusing environment. The fintech industry in India plays a pivotal role in catalysing the overall innovation ecosystem, addressing tangible problems and making a meaningful impact in diverse and unique ways. It embraces the diversity of needs and challenges prevalent across the sub-continent. Fintech represents more than the convergence of Finance and Information Technology; it signifies a complete paradigm shift in methodology. The event primarily focused on India's burgeoning Fintech sector and its increasingly influential role in the economy.
Process
The applications received for the Festival of Fintech 2023 Awards went through a multi-tier screening process. Over 90 entries were received, out of which 37 nominees were shortlisted and invited to present before a power-packed jury panel.
The process of finalizing winners across eleven categories was demanding and rigorous. The nominations were evaluated based on critical parameters, including key initiatives and milestones, overall impact, resources deployed, and quantitative performance. Additionally, the unique monetisation models, funding status, and the clarity of their thoughts were also important factors considered during the evaluation process.
Jury
The nominations were assessed by the eminent jury panel which included Sethuratnam Ravi, Chairman and Director, TFCI , Promoter and Partner, Ravi Rajan & Co. LLP; Subhash Chandra Garg, Former Finance and Economic Affairs Secretary, Government of India; Director, Subhanjali Consultants; Reena Dayal Yadav, Chairperson and CEO, QET Council of India (QETCI); CEO Benzaiten Advisors; Nishant Kumar, Financial Inclusion Lab Lead (MSC Consultant), MSC; Suniti Nanda, Founder and CEO , MaxxUP ( Youth enabling platform); Mandeep Julka, VP - Investments, Chiratae Ventures; Anup Jain, Managing Partner, Orios Venture Partners; Prasar Sharma, Director, BW Businessworld and Dr Annurag Batra, Editor-in-Chief, BW Businessworld and Founder, exchange4media group.
