“Our endeavor
is to leverage our tech talent to establish India as a talented nation and as a
product nation”: Ms. Simmi Chaudhary, Economic Adviser & Group Coordinator,
MeitY
Ms. Chaudhary was
speaking at the Delhi Micro Experience of FinTech Festival India 2021-22
FFI is
supported by Niti Aayog and six central
ministries and organized by Constellar Exhibitions
§ FFI to host
‘Micro Experience Conferences’ in several cities followed by a mega event in New
Delhi in 2022
§ FFI will be
the largest government and industry convergence to power national discourse on
financial literacy and inclusion
§ To host 500+
speakers, 12,000+ delegates over eight months
New Delhi,
August 31, 2021: Speaking at the Delhi Micro
Experience of FinTech Festival India 2021-22, in her opening keynote address, Ms. Simmi Chaudhary, Economic Adviser & Group Coordinator, MeitY,
said, “Fintech the industry has emerged as a key catalyst for financial inclusion with an immense
potential to be a game-changing, disruptive, innovation capable of transforming
the traditional financial sector. Three digital forces will drive
transformation – ‘Greater ease with which people can connect, collaborate,
transact and share information, ‘Opportunity for companies to increase
productivity by automating routine tasks and ‘Greater ease with which the
organizations can analyze data to make insights and to improve decision
making.’ The interplay of these forces will create new data ecosystems which
in turn will spur new products, services, and channels in virtually every the business sector and create economic value for consumers as well as for
entrepreneurs.”
“The government is committed to providing
a conducive environment for the growth of innovators and startups. Our efforts in
Aadhar, BHIM UPI, and many other platforms have proven their transformational
potential. Concerted initiatives such as MeitY Startup Hub, Tide 2.0, Centres
of excellence, etc. have provided significant impetus to businesses to
ideate, innovate and grow. Our endeavor is to leverage our tech talent to
establish India as a talent nation and as a product nation. We are now moving
towards breaking down silos to ensure convergence, reorganizing valuable
datasets, building innovative solutions, ensuring aggressive infusion of
emerging technologies in developing products that are solving persisting
societal problems.” Ms. Chaudhary added.
Talking about the road
ahead for India, Ms. Simmi Chaudhary said, “The right mix of regulation,
innovation and talent will take us together on the pathway of a future wherein
our aspiration to build solutions for not just solving India’s problem but to
cater to next billions will meet opportunities.”
FinTech
Festival India is organized by Constellar Exhibitions (a subsidiary of TEMASEK
and Singapore Press Holdings which organizes Singapore FinTech Festival) and
supported by Niti Aayog and six central government ministries.
The daylong conference
in Delhi was also attended by some well-known stalwarts such as leading actors, philanthropists, investors and
entrepreneur - Sonu
Sood, Abhishek Singh(IAS), Deputy Commissioner, New Delhi, Dr. Ajai Garg,
Scientist F/ Director, Ministry of Electronics and Information Technology
(MEITY), Govt. of India., Rajat Mukarji, Director General, Broadband India
Forum, Ashish Singhal, Co-Founder & Chief Executive Officer, CoinSwitch, Gaurav
Chopra, Founder & Chief Executive Officer, IndiaLends and Gurjodhpal Singh,
Chief Executive Officer, Tide India among others.
Dr. Ajai Garg, Scientist F/ Director, Ministry of Electronics and
Information Technology (MEITY), Govt. of India., said, “India
has shown the way to the world by using technology to change the way general the public can be benefitted and be included in the growth of an economy. Regulators
follow the technology, if the technology shows enough promise the regulators
will back it up in the fintech market. UPI is a live example of that. Similar
possibilities exist for micro-lending fintech as well. When the Govt. and
private sector comes together challenges can be turned into bigger
opportunities, Aadhar is an example of this. India should be home for small
plug-and-play cybersecurity solutions for different sectors.”
Leading actor, philanthropist, investor and entrepreneur, Sonu Sood, said,
“Fintechs are the leaders of tomorrow. In another couple of years, the whole
country will be fintech-connected. I am already associated with a rural fintech
called SpiceMoney which is driving financial inclusion in the interiors of our
country and also open to exploring more opportunities in the fintech space.”
A white paper
on ‘RegTech, 5G & Crypto in India’ was also
unveiled today in front of the august gathering. Published by Ernst & Young
(EY), Knowledge Partner of FFI, the white paper deep-dives into Regulatory
technology in India, 5G and its impact on the country and India’s
cryptocurrency ecosystem.
Ashish Singhal, Co-Founder & Chief
Executive Officer, CoinSwitch, said
“CoinSwitch Kuber is thrilled to be powering Fintech Festival India. The Delhi
event is a truly unique hybrid experience with the attendees joining in
virtually while the on-ground event is conducted physically. Fintech in India
has seen a phenomenal rise over the last 5 years and the crypto industry,
although nascent presently, is now picking up pace. One of the key aspects
driving growth in fintech is regulation, and confident that crypto will grow
faster once the regulatory framework is in place. I am looking forward to
speaking on a panel regarding the evolving regulatory landscape of fintech in
India. I wish the FFI team all the luck and great success in the Capital.”
Fintech
Festival India is the country’s largest FinTech confluence, to be held till
March 2022. It will witness participation from over 500 Indian and global
leaders and 12,000+ delegates. FFI will see participation from Brazil, Israel,
UK, Russia, Canada, Finland, Japan, Singapore among others.
The
conferences are being supported by the Government of India’s Ministry of Finance,
Ministry of Electronics & Information Technology (MeitY), Ministry of Small
& Medium Enterprise (MSME), The Agricultural and Processed Food Products Export
Development Authority (Ministry of Commerce and Industry), Broadcast
Engineering Consultants India Limited ( A Government of India Enterprise –
Under Ministry of Information & Broadcasting) and Startup India (Department
for promotion of Industry and Internal Trade & Invest India).
Fintech
Festival India will be conducted in physical and digital format through 10
Micro Experience Conferences in Hyderabad, Bengaluru, Delhi, Guwahati, Chennai,
Mumbai, Gift City (Ahmedabad) and Pune. The festival will end with a 3-day mega
event in New Delhi from March 9 - 11, 2022.
The next Micro
Experience will be held in Chennai on 29th October 2021.
In addition to
the government, FFI which aims to unleash the power of FinTech across the
country has also drawn interest from industry including Indian insurance
behemoth Life Insurance Corporation (LIC) and World Trade Centre Mumbai.
About the Organiser:
SingEx-Sphere Holdings is now Constellar Holdings.
Constellar reflects our vision to become a global
leader in the MICE experience space. We are building on our extensive networks
cultivated over five decades of experience to bring global markets together for
sustainable growth.
With the industry fast becoming a digitally-enabled
intellectual property (IP) business, Constellar is ready to take advantage of
these opportunities and create a new agile path for growth through reinvention
and collaboration.
Constellar Holdings connects a global eco-system of
event partners and consumers through a holistic portfolio of intellectual
property (IP) in the Meetings, Incentives, Conventions, and Exhibitions (MICE)
industry.
As Asia's partner of reference for curating the
innovative event and venue experiences, Constellar activates impactful networks
to bring global markets, businesses, and consumers together for sustainable
growth. With our expertise and dedication, we are invested in helping you build
trusted relationships with stakeholders for the long term and enabling
cross-industry collaboration through world-class audience engagement solutions.
Constellar is headquartered in Singapore. Founded in
2021, it brings together decades of experience with an intrepid team of
experienced specialists around the world.
