Fintech Future Summit MUMBAI: A Post-Conference Roundup
The Fintech Future Summit Mumbai 2024 offered a comprehensive dive into key trends and advancements in India’s fintech ecosystem, covering essential themes like digital payments, open banking, AI, cybersecurity, and bank-fintech collaborations. The event highlighted several critical areas shaping the sector’s future:
INDIA’S PAYMENT REVOLUTION Speakers examined the transformative role of UPI, digital wallets, and embedded finance, underscoring the RBI’s role in promoting interoperability and security.
OPEN BANKING VIA APIs: The importance of API standardisation for innovation and personalised services was highlighted, with a focus on enhancing customer experiences and regulatory sandboxes.
AI IN FRAUD DETECTION AND IDENTITY VERIFICATION: AI’s potential to secure transactions and verify identities accurately was discussed, particularly in real-time fraud prevention.
CYBERSECURITY STRATEGIES: The event focused on advanced security technologies to protect data and mitigate risks in increasingly connected ecosystems.
BANK-FINTECH COLLABORATIONS:Case studies showcased successful collaborations driving customer-centric innovations, highlighting the regulatory frameworks enabling these partnerships.
Networking remained a focal point, with over 250 delegates and 170 organisations engaging in meaningful dialogues, reflecting a robust commitment to advancing fintech’s role in India and beyond. The summit underscored a promising future for fintech, fuelled by strategic collaborations, regulatory progress, and technological advancements.
