Introduction
The Global FinTech Fest 2024 kicked off today at the Jio World Convention Centre in Mumbai, gathering industry leaders, policymakers, and innovators from around the world. With over 800 speakers and 350 sessions spread across three days, the event is poised to set the tone for the next decade of fintech innovation. Today’s sessions focused on the transformative potential of fintech, regulatory compliance, cybersecurity, AI in fraud prevention, and the unique opportunities and challenges within the Indian fintech landscape.
1. Opening Session: Blueprint for the Next Decade of Finance (10:00 AM - 10:40 AM)
Join us for an insightful panel discussion on "The Next Decade of Finance," focusing on the transformative role of fintechs. Fintech innovations are set to drive financial inclusion and economic growth by bridging access gaps and democratizing financial services. With fintechs currently accounting for 5% of the global banking sector’s net revenue, this share is projected to grow significantly by 2030. This session is essential for understanding fintech's potential to revolutionize the financial sector.
2. Panel Discussion: How Fintech can Comply with Existing Regulations and Become Cyberproof (10:20 AM - 11:00 AM)
Delve into how fintech companies can navigate existing regulations and enhance their cyber resilience in this essential session. Gain insights from leading experts on effective strategies for regulatory compliance and cybersecurity. Discover practical approaches to aligning with fintech regulations while fortifying systems against cyber threats.
3. FinTech Innovations for India@100: Shaping the Future of India's Financial Landscape (11:30 AM - 12:30 PM)
Join this significant session featuring Shri. Shaktikanta Das, Governor of the Reserve Bank of India, and Mr. Kris Gopalakrishnan, Chair of GFF2024 and Co-founder of Infosys. This discussion will explore the transformative fintech innovations that will shape India's financial landscape as the country approaches its 100th year of independence. A must-attend for those interested in the future of India's economy and financial systems.
4. Panel Discussion: AI Takes the Lead in Fraud Busting - Revolutionizing Cross-Border Payment Security (01:40 PM - 02:20 PM)
Explore the complexities of cross-border payments and remittances in the Indian context, and the opportunities for innovation in international payment infrastructures. This session will debate the impact of AI on fraud detection and prevention, particularly in the realm of cross-border payments, making it crucial for those interested in the intersection of AI and fintech security.
5. Masterclass: Building a Large Scale AI Platform (02:25 PM - 03:25 PM)
Join experts Mr. Sathyan Sethumadhavan and Mr. Jayprasad Hegde as they guide you through the intricacies of building large-scale AI platforms. This masterclass is perfect for those looking to deepen their understanding of AI infrastructure and its applications in the fintech industry.
6. Leveraging Artificial Intelligence to Combat Digital Financial Frauds (03:00 PM - 03:45 PM)
Explore how artificial intelligence is being harnessed to detect and prevent digital financial frauds. This session will examine advanced AI algorithms and strategies employed in real-time fraud detection, risk assessment, and anomaly detection. Gain insights into the evolving landscape of cybersecurity and the role of AI in safeguarding digital transactions.
7. Fireside Chat: Fintech in India - Opportunities and Challenges (03:35 PM - 04:05 PM)
Join this session to explore the dynamic landscape of Fintech in India, uncovering both the vast opportunities and significant challenges faced by the industry. With insights from industry leaders, this session is essential for understanding the strategic approaches needed to thrive in India's burgeoning fintech sector.
Summary
Day 1 of the Global FinTech Fest 2024 has set a high standard with insightful discussions on the future of finance, the critical role of AI in fintech, and the unique challenges and opportunities within India’s fintech landscape. As the event progresses, it promises to deliver more valuable insights and opportunities for networking and innovation. Stay tuned for more highlights from Day 2, as we continue to explore the future of fintech together.