geo/india
The National Association of Software and Services Companies (Nasscom) will present its first Nasscom International SME Conclave (NISC) on Jan. 10-11 at Biswa Bangla Convention Centre in New Town, Kolkata.
The event will have over 2,500 delegates and over 200 companies presenting their products. SMEs from countries such as: Malaysia, Singapore, Bangladesh, UAE and Sri Lanka are expected to participate in this year’s event.
The India FinTech Awards (IFTA) will recognize the best in fintech on Nov. 30 in Mumbai. FinTech companies will have the opportunity to showcase their products, conduct a sales pitch and interact with investors, bankers and entrepreneurs.
One startup will be selected as the FinTech Startup of the Year and have the chance to present at LendIt FinTech 2019 in San Francisco, Calif.
According to the Global Findex, India has improved financial inclusion; it’s reported that 80 percent of adults in 2017, have bank accounts and women owning accounts have increased by 30 percent.
India has lended to hundreds throughout the unbanked community and is the largest microfinance market in the world, according to Next Billion.
Microfinance in India has its pros and cons. It’s able to reach customers that mainstream financial institutions fail to notice, but it also lacks adequate regulation, making it dangerous for borrowers. The Reserve Bank of India (RBI) stepped in and created more stabilization for microfinance institutions by providing regulation and oversight.
Sub-K is a digital financial services intermediary that enables access to financial and payment services to the under-banked in India by deploying agent networks and co-branded offices across the country.
BuyUcoin, an Indian cryptocurrency exchange, has found that female Indian investors, on average, invested over Rs1.4 lakh (around $2,000) on digital currencies—twice the amount that men typically spent. The survey, conducted between March and June, had over 60,000 respondents.
SME Finance Forum member ICICI Bank, India’s largest private sector bank by consolidated assets, announcee that it has successfully on-boarded over 250 corporates on its blockchain platform for domestic and international trade finance, the most by any bank in India. With this, leading Indian corporates, including ones from the ‘S&P BSE 100 Index’, are now undertaking domestic / international trade finance transactions on the Bank’s custom-made blockchain platform.
Maharashtra, one of the leading Financial & Industrial destination in India is organizing the first edition of Mumbai FinTech Festival and an Innovation Challenge on June 2 -3, 2018 at Trident Hotel, Nariman Point, Mumbai, India. The Government of Maharashtra is introducing the Innovation Challenge for startups to demonstrate and explore the capabilities of leading financial technology players from India and around the world who will pit their skills and solutions against each other.
ASIFMA, the financial industry’s leading regional trade association, today released its report “Accessing India’s Equity Markets: Reform, Perform and Transform”. The new report is a comprehensive analysis providing recommendations on the development of India’s equity markets which are vital to the overall economic growth of the country. It was released in conjunction with ASIFMA’s first-ever “Accessing India’s Capital Markets” conference in Mumbai, a forum designed to facilitate dialogue around the important issues impacting the accessibility and development of India’s capital markets.
Fintegrate Zone is a fintech thought leadership conclave - a melange of conferences tracks, workshops, hackathons, meetups, CXO roundtable, startup exhibits, and a grand demo night - focusing on the future of technology in financial services within India and beyond its borders. Fintegrate Zone started last year as an attempt to bring all the stakeholders from Financial Services industry together under one roof.
