Global Fintech Fest 2023 Concludes With a Footfall of 65K From Over 100 Countries, Investment Conversations of $2Bn
Emerging as the world’s largest thought leadership platform the Global Fintech Fest 2023 (GFF 2023) concluded here on Thursday, September 7, with a promise to return in the 5th edition October 8 – 10, 2024, with an even larger agenda. The three-day conference brought together on one platform policymakers, regulators, bankers, industry captains, academicians and professionals of the fintech landscape from all over the world.
Not only insightful speaking sessions, but GFF 2023 was also abuzz with a plethora of other activities including a huge exhibition, numerous investment pitches, master classes and workshops. Numbers speak for themselves. Here is the grand scale of the world’s largest fintech conference at a glance:
- 900 speakers, from 30+ countries
- Regulatory dignitaries from 100+ countries
- 300+ exhibitors
- 300+ investors – VCs, angels, PE funds
- $ 2Bn Investment conversations
- 100+ product launches
- 80+ whitepapers released
- 22 thought leadership report launches
- 3 hackathons (SEBI, NABARD and SBI)
- 65,000 footfalls from 100+ countries
GFF 2023 was supported by the Ministry of Electronics and Information Technology (MietY), the Department of Economic Affairs (DEA), Ministry of Finance, the Reserve Bank of India (RBI), and the International Financial Services Centres Authority (IFSCA) and was organized by the Payments Council of India (PCI), Fintech Convergence Council (FCC), and National Payments Corporation of India (NPCI).
Among the leading international agencies which partnered with GFF 2023 are the World Bank, the Global Knowledge Partnership on Migration and Development (KNOMAD), the Consultative Group to Assist the Poor (CGAP), and Women’s World Banking. Australia, Brazil, the United Kingdom, Germany and Israel were the Country Partners of GFF 2023.
Mr. Kris Gopalakrishnan, Chairman, GFF 2023 Advisory Board, Chairman, Axilor Ventures and Co-founder, Infosys, in his welcome address, set the context of the conference saying, that the “mission of the GFF is clear: to provide a unifying platform for fintech visionaries to come together, collaborate and chart the course of the future of our industry”.
GFF 2023 was inaugurated by the Honourable Minister of Finance and Corporate Affairs, Government of India, Smt. Nirmala Sitharaman. In her inaugural address, she commended the Global Fintech Fest for becoming “a very powerful network of experts, both financial and also technological”.
Among other luminaries who addressed the conference were Shri Shaktikanta Das, Governor, Reserve Bank of India; Dr. Bhagwat Kishanrao Karad, Minister of State for Finance, Government of India Smt. Madhabi Puri Buch, Chairperson, Securities and Exchange Board of India (SEBI); Shri Debasish Panda, Chairperson, Insurance Regulatory and Development Authority of India (IRDAI); Shri K Rajaraman, Chairperson, International Financial Services Centre Authority (IFSCA), and Shri Dinesh Kumar Khara, Chairman, State Bank of India.
GFF 2023 was also marked by a significant global presence. Among international stalwarts who spoke at the conference were Mr. Maha Prasad Adhikari, Governor, Nepal Rastra Bank; Ms. Soraya M Hakuziyaremye Vice-Chairperson and Deputy Governor, National Bank of Rwanda; Mr. Aleksi Grym, Head of Fintech, Bank of Finland; Mr. Eduardo Enrique Torres Llosa Villacorta, General Manager, Central Bank of Peru; H.E. Khaled Al Basias, Director Financial Sector Development, Saudi Central Bank; Ms. Doris Dietze, Head of Division, Federal Ministry of Finance, Germany; Mr. Masaki Bessho, Head of FinTech Centre, Payment & Settlement Systems Department, Bank of Japan; Mr. Andy White, Chief Executive Officer, Australian Payments Network (AusPayNet) and Mr. Thomas Kurian, Chief Executive Officer, Google Cloud.
Instituted under GFF, the Global Fintech Awards 2023 recognised and celebrated outstanding accomplishments of individuals and entities in the fintech ecosystem around the globe. The awards were given away at a gala ceremony on September 5 in three categories, divided into 15 subcategories.
To sum it up, GFF 2023 arrived on the international map of fintech conferences with a huge bang, reflecting India’s leadership in the global fintech ecosystem.
About Payments Council of India (PCI)
The Payments Council of India (PCI) was formed in 2013 catering to the needs of the digital payment industry. The Council was formed inter-alia for the purposes of representing the various regulated non-banking payment industry players, to address and help resolve various industry-level issues and barriers which require discussion and action. The council works with all its members to promote payments industry growth and to support our national goals of ‘Less Cash Society’ and ‘Growth of Financial Inclusion’ which is also the vision shared by the RBI and Government of India. PCI works closely with the regulators i.e. Reserve Bank of India (RBI), Finance Ministry and similar government departments, bodies or institutions to make ‘India a less cash society’.
About Fintech Convergence Council (FCC)
Setup in 2017 as a fintech committee, the Fintech Convergence Council was later converted into an independent council with an independent governing board, with over 70 members. The FCC represents various players in the fintech, banking, financial services, and technology space. The FCC works towards the penetration of financial services with the aim of financial inclusion and moving towards a digitally empowered country. It creates opportunities for collaboration and convergence among various players in the financial services domain. Among various committees under FCC are Lending, Wealth Management, Insurance, Neo-Banking and Regtech.
