3 days, 125+ Countries, 800+ Stalwarts, 15+ Thought Leadership Reports, 81 Papers, 50+ Workshops, 250+ Sessions, 250+ Investors, 500+ exhibitors, 50000+ Delegates and the list goes on…
What more can we expect from GFF23?
GFF23- Agenda
GFF 2023 was held at the Jio World Convention Centre in Mumbai from September 5 to 7, 2023. The conference’s subject this year is “Global Collaboration for a Responsible Financial Ecosystem: Inclusive | Resilient | Sustainable.”
The subject of GFF23 emphasizes the need for collaboration and articulates the main imperatives for shaping the global financial ecosystem’s future. Global macroeconomic indicators are more volatile than at any time in recent history.
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Over the last two years, humans have generated more than 90% of the world’s data. The utilization of rich data has allowed for the quick development and deployment of new technologies, ushering in dramatic changes in healthcare, education, transportation, communication, entertainment, and finance.
Technological Improvements Discussed
Innovative technologies are harnessing the power of data to transform the financial sector. Artificial Intelligence and Machine Learning, Web 3.0, Cloud computing, and 5G are examples of new technologies that have opened the way for faster, more accessible, and efficient access to information and services.
Automation, cost savings, and personalized customer service have all been made possible by artificial intelligence and machine learning. Web 3.0 is projected to allow for decentralized banking, more secure and transparent transactions, and greater user control over personal data.
Cloud computing would make technological platforms more efficient and secure. 5G is expected to usher in the next era of global productivity.
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RBI Governor Urges Fintech Players
RBI Governor Shaktikanta Das encourages fintech companies to form self-regulatory organizations. He urges the global fintech players to come forward and set up a Self Regulatory Organisation (SRO) as soon as possible for timely growth of the fintech domain. “Fintech players need to evolve industry best practices, privacy, and data protection norms in sync with the law of the land,” he said.
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He announced new exciting payment solutions. These revolutionary offerings such as Credit Line on UPI, UPI LITE X, and Tap & Pay, Hello! Conversational Payments on UPI and BillPay Connect are designed to establish an inclusive, resilient, and sustainable digital payment environment.
The financial services sector must be reimagined, with parameters reset and balance sheets rebuilt for nations, firms, and individuals. Fintechs would play a critical role in improving its efficiency and equity.
Praveena Rai, COO, NPCI embraces cutting-edge technologies
“The Global Fintech Fest has been a testament to the fintech community’s prowess, showcasing success stories and milestones that inspire us all. Our commitment to promoting collaboration, innovation, and growth has never been stronger. Through this platform, we invite industry leaders, startups, and investors to seize networking opportunities and forge partnerships that will define the future of finance. Together, we will embrace cutting-edge technologies, data privacy, and cybersecurity as the cornerstones of trust in our evolving landscape,” said Ms. Praveena Rai, Chief Operating Officer, National Payments Corporation of India (NPCI).
Last words
It is in this setting that fintech firms stand to make significant contributions to the overall quality and effectiveness of the financial services industry. Their help is crucial as we work to repair personal and national economies in the wake of these complex problems.
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