Mumbai, India, September 5, 2023 /PRNewswire/ — “With emerging trends in digital payments and financial services, fintechs should find a partner to navigate the complexities of the global market and regulatory landscape,” said Christine Tan (Jang), Head of Financial Institutions Group Sales, Asia Pacific Payments, JP Morgan, in a fireside chat with Paroma ChatterjeeCEO, Revolut India, on “The International Remittance Revolution: Fintech Innovations and the Path to Affordable, Accessible and Inclusive Cross-Border Payments” at the Global Fintech Fest 2023 (GFF 2023), here today.
GFF 2023, the world’s largest thought leadership platform, is supported by the Ministry of Electronics and Information Technology (MietY), the Ministry of Economic Affairs (DEA), the Ministry of Finance, the Bank of reserve of India (RBI) and the International Financial Services Centers Authority (IFSCA) and is organized by the Payments Council of India (PCI), Fintech Convergence Council (FCC) and National Payments Corporation of India (NPCI).
The conference was inaugurated today by Smt. Nirmala SitharamanMinister of Finance, Government of India. “Fintechs in India further promote inclusion and influence India financial ecosystem. Today, fintech has become a robust and dynamic financial inclusion tool,” said Smt. Sitharaman, focusing at length on the role of fintech in building a responsible global financial ecosystem.
Speaking about how banks and fintechs innovate, Christine Tan (Jang) said: “Banks have infrastructure to provide API access to fintechs and collaborate to expand their offerings. They can help navigate financial services industry regulations. , generally issued as white labels to banks and financial services.
About the payments landscape, Tan (Jang) said: “The competitive payments landscape has shifted from a seamless experience, now taken for granted, to a contextual experience such as smart contracts, embedded finance and services as models. Thus, a bank’s value proposition depends on its ability to send reliable and scalable payments across the world. In comparison, she said, fintechs have the agility to offer targeted solutions to customers.
Highlights of the Global Fintech Fest 2023:
3 days | 13 titles | Over 800 speakers | 15+ Thought Leadership Reports | 81 academic articles | 50+ workshops | 125+ countries | More than 250 sessions | 250+ investors | 500+ exhibitors | 150,000 m². Fort Expo Area|3 Hackathons| 50,000+ delegates
For more information on:
Global FinTech Festival 2023: Global Fintech Fest 2023: the first Fintech event of the year
Board of Payments India: PCI – Payments Council India
Fintech Convergence Council: Welcome to the Fintech Convergence Council (fintechcouncil.in)
Media contacts
Nilanjan Hajra
+919163788318
h.nilanjan@fintechcouncil.in
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SOURCE Global FinTech Festival 2023
