Fri, Aug 05, 2022, 05:30 AM - Fri, Aug 05, 2022, 05:30 AM
The banking and financial services industry in India has historically been one of the most stable systems globally, despite global upheavals. Accelerated technology adoption, the rise of Fintech and increased mobile penetration have been playing a pivotal role in re-shaping the BFSI sector in India.
India’s digital economy is predicted to rise exponentially to US$ 800 billion by 2030. India is amongst the fastest growing Fintech markets in the world. India has over 6,300 Fintech’s, with 28% specializing in investment technology, 27% in payments, 16% in lending, 9% in banking infrastructure, and over 20% specializing in other industries. India has over 17 Fintech companies, which have gained ‘Unicorn Status’ with a valuation of over $1 bn.
As the sector continues to drive innovation, technology leaders find themselves looking for new ways to redefine their strategy comprehensively, outgrow competition and remain resilient. Customer-centric approaches, digitization, automation of processes and data security continue to be priority for IT leaders from the BFSI sector.
The 14th Edition of the BFSI IT Summit by Exito is an in-person conference bringing together the top technology Leaders from the fraternity. The summit aims to be a learning and networking platform curated to deep dive into the imminent challenges faced by the BFSI sector and identify best practices to overcome the same.