Fintech PR
Global Fintech Fest 2024 Showcases Wide Spectrum of Innovations
Three-Day Mega Event Concludes, Attracting 300 exhibitors from across the world, 100000 Footfalls, 1000 Speakers
MUMBAI, India, Aug. 31, 2024 /PRNewswire/ — India’s Union Minister of Commerce and Industry Mr. Piyush Goyal said on Friday that the Indian fintech ecosystem had turned into a hotbed for innovation. Addressing the Global Fintech Fest 2024 in Mumbai, he said, “As our country is poised to become the third largest economy, the success story of a developed India rests on the wonderful work being done by fintech sector.”
The Global Fintech Fest (GFF) 2024 was presented by the Ministry of Electronics and Information Technology (MeitY), Ministry of External Affairs, Department of Financial Services (DFS), Reserve Bank of India (RBI) and International Financial Services Centres Authority (IFSCA). The conference was jointly organised by the Payments Council of India (PCI), the National Payments Corporation of India (NPCI), and the Fintech Convergence Council (FCC).
GFF 2024 featured over 1000 speakers from 70 countries, more than 350 sessions, over 60 product launches, more than 300 exhibitors, and attracted 100,000 footfalls over the three days.
The Global Fintech Fest (GFF) 2024, one of the world’s largest fintech gatherings, concluded here on Friday, August 30, showcasing emerging opportunities and issues in the sector. The three-day event, in its fifth edition, brought together global policymakers, regulators, central bankers, industry leaders, and academicians to explore the future of financial technology, aligned with this year’s theme- ‘Blueprint for the Next Decade of Finance: Responsible AI | Inclusive | Resilient’.
In his keynote at the conference, Mr. Shaktikanta Das, Governor, Reserve Bank of India, said, “India is now a fast-growing economy, economic powerhouse with an increasingly tech savvy population. India’s financial sector has witnessed a remarkable transformation, driven, among other factors, by the FinTech sector.”
Mr. Das further emphasized India’s engagement in international fora and bilateral agreements to foster economic cooperation with many countries and said, “Going forward, strengthening financial infrastructure, including cross-border payment systems, will be our key focus areas. India, with its tech talent and evolved financial fintech ecosystem, holds potential to serve as a global hub for digital innovation and fintech startups.”
Mr. Christopher Waller, Member, Federal Reserve Board of Governors of the United States in his address, highlighted the potential role of public and private sectors in advancing cross-border payments. Commenting on the practical aspects of interlinking fast payment systems, Mr Waller said, “Domestic networks need to be developed first. If this condition is not in place, interlinked networks could end up being a road to nowhere.”
Highlighting Federal Reserve’s efforts, Mr Waller added, “We will continue our engagement with international fora to improve the speed and efficiency of cross-border payments and to investigate the issues critical to interlinking payment systems. Our chief focus in the near-to mid-term, however, is continuing to build the FedNow network domestically and increasing participation in the service.”
In a special address on emerging trends in sustainable finance, Mr. Allen Forlemu, Regional Industry Director, Financial Institutions Group, Asia and Pacific, International Finance Corporation (IFC) discussed the critical role of fintech in driving sustainable finance, emphasizing its importance for a greener and more equitable future. “Looking ahead, it is clear that collaboration will be essential and fintech companies, traditional financial institutions, governments and regulators must work together to scale sustainable finance solutions and amplify positive impact on sustainability”, remarked Mr Forlemu.
He further said, “At IFC, we are optimistic, and we believe that by investing in innovation and fostering collaboration across sectors, we can build a financial system that is inclusive, resilient and sustainable for everyone.”
Discussing ‘Recent Developments in Digital Finance – Experiences from German and EU Regulation,’ Dr. Florian Toncar, Parliamentary State Secretary, German Federal Ministry of Finance, commented, “India has shown immense capacity to innovate and spread new technologies at an impressive speed, with UPI being popular far beyond Indian borders.”
Highlighting the importance of cooperation between security agencies and anti-money laundering agencies, Dr Toncar added, “Appropriate resourcing of prosecutors or police, specialized financial investigators, and information exchange across borders and countries is key.”
In his special address, Mr. Harjinder Kang, His Majesty’s Trade Commissioner for South Asia and the British Deputy High Commissioner for Western India, UK Department for Business and Trade, said, “UK finds India as a very important partner, and it’s not just in fintech, but across different sides of the business.”
During a panel on ‘Innovation in Fintech Regulation: Balancing Innovation and Regulation in Global Financial Services,’ Mr. Ryosuke Ushida, Chief Fintech Officer, Financial Services Agency of Japan provided insights into the country’s regulatory landscape and said, “In Japan, our regulatory scope covers a wide range of financial institutions, including banks, insurance companies, investments, and currency exchange. A key focus has been on blockchain technology, in response to past challenges, particularly incidents involving exchanges in Tokyo. Japan has established a comprehensive regulatory framework for the crypto industry.”
Mr. Ushida further emphasized that these regulations are designed not only to protect the industry but also to create a stable environment that encourages innovation. “The goal is to support the growth of international tech companies and ensure that Japan continues to lead in this field, in line with global counterparts”, he added.
Addressing the session on ‘The Role of Technology in Shaping the Future of Global Finance,’ Mr. Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore, said, “The challenges of integrating DPIs across borders—from pricing to technical standards—are significant. Initiatives like Project Nexus are underway to tackle these issues, but achieving seamless connectivity across different markets will take time.”
Mr. Mohanty added, “Fintech must expand beyond payments and lending to include other asset classes such as wealth advisory and capital market infrastructure.”
GFF 2024 also featured a significant global presence, with numerous international leaders contributing to the dialogue on the future of fintech. Among the notable speakers were Mr. Camilo Tellez-Merchan, Deputy Managing Director, UN based Better Than Cash Alliance, United Nations; Mr. Alan Lim, Director, FinTech Infrastructure Office, Monetary Authority of Singapore; Mr. Paul van Sint Fiet, Head of APAC cross-currency solutions, J.P. Morgan Payments; Mr. Edward Bass, Inward Investment Manager, UK Department for Business and Trade; Mr. David Finch, Global Managing Director Fintech, TransUnion CIBIL, and Mr. Jan Pilbauer, Chief Executive Officer, Al Etihad Payments.
The event also saw eminent leaders from the Indian fintech ecosystem. For more information about the conference, visit: Global Fintech Fest 2024.
For further information, please reach out to:
Vipin Chanddra, APCO: +91-9582 731432
Kuldeep Singh, APCO: +91- 97113 06379
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LONDON, Sept. 16, 2024 /PRNewswire/ — VeriPark, a global solution provider with focus on the Financial Services Industry, has won the “Omni-Engagement Transformation” award in IDC’s Real Results program for the successful Dynamics 365 + VeriTouch CRM implementation First Abu Dhabi Bank.
This project also earned VeriPark the Overall Winner title, achieving the highest score across all categories. This award recognizes technology companies that provide solutions resulting in measurable benefits for financial institutions.
Additionally, VeriPark has been named to the 2024 IDC FinTech Rankings Top 100. The elite list features technology companies from around the globe that are focused on providing solutions to the financial services and FinTech industries. To view the list in its entirety, please visit https://www.idc.com/research/industry/fintech-rankings.
To thrive in a digital economy, financial services organizations must embrace innovative and integrate innovative technology effectively to enhance the customer experience and achieve operational excellence. VeriPark is committed to helping financial services companies successfully execute their digital transformation initiatives for the betterment of their customers around the world.
“These awards are a testament to our team’s dedication to delivering innovative, customer-centric solutions that produce real, measurable outcomes for our clients.” said Ozkan Erener, CEO of VeriPark. “We look forward to continuing our work to help financial institutions achieve operational excellence and enhanced customer experiences.”
“Teamwork is the cornerstone of progress, and our team has proven this through their exceptional work in implementing the advanced cloud-based CRM system along with Microsoft & VeriPark. Their dedication, synergy, and partnership have enabled us to revolutionize how we serve our customers and drive our bank’s growth,” said Suhail Bin Tarraf, Group Chief Operations Officer, First Abu Dhabi Bank.
VeriPark is a global solutions provider enabling financial institutions to become digital leaders by placing Customer Experience at the core of digital transformation. With an exclusive focus on FSI, VeriPark’s Intelligent Customer Experience suite delivers world-class customer journeys on digital and assisted channels.
With its main offices located in the United Kingdom, Europe, North America, Asia, Africa and the Middle East, VeriPark helps financial institutions to enhance customer acquisition, retention and cross-sell capabilities. Their proven, secure, and scalable solutions cover Customer Engagement, Omni-Channel Delivery, Branch Automation, and Loan Origination. VeriPark collaborates closely with clients, crafting innovative technology strategies and solutions that impact millions of people daily, bringing the promise of digital transformation to life.
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Fintech PR
Kleo Teams Up with Londis to Enhance Convenience Store Operations with Advanced EPOS and MPOS Solutions
LONDON, Sept. 15, 2024 /PRNewswire/ — Kleo, a prominent provider of EPOS systems and self-ordering kiosks, is excited to announce a new partnership with Londis, one of the UK’s most recognised convenience store chains. This collaboration marks a significant step in modernising Londis’s store operations and enhancing the customer experience through advanced technology.
Londis stores will now benefit from Kleo’s sophisticated EPOS systems and versatile MPOS solutions. These technologies are designed to streamline operations, cut down queuing times, boost staff efficiency, and provide a more seamless shopping experience. With integrated payment systems and flexible designs, Londis will be well-positioned to meet the evolving expectations of today’s consumers.
Joe Robson, Co-Founder of Kleo, said, “We’re thrilled to partner with Londis and see the positive impact our systems are having in their stores. Our goal has always been to equip retailers with effective tools for smoother operations, and it’s rewarding to see our technology making a real difference.”
Thanvi Poonja, Co-Founder of Kleo, added, “This partnership demonstrates how modern technology can support traditional retail. We’re committed to continuously enhancing our solutions to help retailers like Londis deliver exceptional service.”
As Kleo continues to grow, the company remains dedicated to providing practical, reliable, and user-friendly EPOS and MPOS solutions that help retailers stay competitive and meet their customers’ needs. For more information, please visit www.kleocloud.com or contact us at [email protected].
About Kleo
Kleo is a leading provider of EPOS and MPOS systems, offering integrated software and payment solutions designed to optimise business operations and improve customer experiences. Trusted by brands such as Londis, Kleo’s systems are built to meet the needs of a diverse range of businesses. With a focus on reliability and innovation, Kleo helps organisations remain competitive in today’s fast-paced retail environment.
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LIBSON, Portugal, Sept. 15, 2024 /PRNewswire/ — In a strategic move following a recent tour of the Asia-Pacific region, the Luohu District in Shenzhen, located in South China’s Guangdong Province, has dispatched a new delegation to Spain and Portugal, with a focus on exploring economic and trade opportunities in the European market.
The China (Shenzhen•Luohu) – Portugal (Lisbon) Economic and Trade Cooperation and Exchange Conference, held in Lisbon on Thursday, saw a strong turnout from more than 30 prominent Portuguese companies and institutions, including the Oveiras Valley Investment Agency (OVIA) and Timing Group.
These entities showcased a keen interest in collaborating with Luohu, particularly in sectors such as healthcare, finance, media, business services, and cultural tourism. The event marked a significant leap toward fostering mutually beneficial partnerships between Luohu and key players in the Portuguese business landscape.
As Luohu’s industries thrive, the district is amplifying its global presence through foreign investment promotion, bolstering trade and investment activities. Luohu, situated in the heart of Shenzhen, a rapidly growing innovation city that has achieved economic success over the past four decades, boasts the pillars of finance, commerce, and business services. The district also excels in sectors such as cultural creativity, gold, and jewelry.
With the service industry dominating Luohu’s GDP at 94 percent, the district hosts over 100 licensed financial institutions, including major firms like PwC, EY, and Deloitte. Driven by strong incentive policies, the health industry is rapidly expanding in Luohu. The district excels in medical aesthetics, cutting-edge medical devices, life sciences, and health management, showcasing unwavering progress.
It has also given priority to the development of precision medicine, high-end health preservation, innovative drugs, high-end medical devices, and other specialized fields. The district’s rich clinical application scenarios also provide a good foundation for the research, development, and transformation of innovative drugs and medical devices. In 2023, Luohu witnessed the establishment of 32 innovative platforms in the medical and health domain, including the Shenzhen-Europe Innovation Medicine and Health Research Center.
Jointly developed by the district government and the Shenzhen Institute of Advanced Technology of Chinese Academy of Sciences, one of the top research institutes in China, the center has recruited a pool of international talents.
Besides innovation, Luohu stipulated incentive policies to boost the medical cosmetology field. At the end of 2023, the district took the lead in the city by issuing 10 measures for the sector. Of the measures, the district decided to build a hub for medical aesthetics consumption, support the medical aesthetics product trade and service and regulate the service quality of the sector both online and offline.
During the delegation’s visit to Spain and Portugal, the district government pledged to enhance services and the business environment to attract companies and investors from both domestic and international markets.
The delegation also engaged with industry leaders such as the Global Media Group, Joinko Group, and EFG International in Lisbon, showcasing Luohu’s commitment to strengthening ties and fostering collaboration on a global scale.
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View original content:https://www.prnewswire.co.uk/news-releases/luohu-explores-economic-opportunities-in-europe-strengthens-ties-with-portugal-302248436.html
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