Economic Times hosted the first edition of the BFSI Innovation Tribe Awards & Summit on 20th September, 2018 in Mumbai. Based on the theme of “Disrupt, Develop, Demonstrate”, the event was a great platform designed to bring together the BFSI and technology leaders to discuss the current scenario, challenges and future course of action encouraging the disruptive use of technology.
Live interviews, panel discussions, case studies, key notes and global success stories validated the dynamics and ever evolving nature of the Fintech landscape.
In consonance with the theme, the Chief Guest for the occasion, Shri Deepak Vasant Kesarkar, Minister of State, Finance, Rural Development, Government Of India opined “Technology must always be used for the betterment of society”
Some of the eminent personalities at the conference included Manor Alachua, CEO, American Express; Rakish Singh, CEO, Aditya Birla Finance, Suresh Sethi, CEO, India Post Payments Bank, Mukul Sachan,Co-Founder, Lendingkraft; Rajnish Khare,Head Digital - Banking, HDFC Bank; Jitendra Mahapatra,AVP & Head - Digital & Payments Analytics, Axis Bank; Puneet Kumar,Senior Executive Vice President, Kotak Mahindra Bank; Mrutunjay Mahapatra,DMD & CIO, State Bank of India; Deepak Sharma, Chief Digital Officer, Kotak Mahindra Bank;Papia Sengupta, Executive Director, Bank of Baroda; Rahul Chari,Founder & CTO, PhonePe; Sangram Singh,CEO, Freecharge; Ketan Patel,CEO, CASHe.
Sharing his thoughts on Digital Transformation, Mr. Mrutyunjay Mahapatra, DMD, SBI pointed out, “When you reimagine digital, you reimagine with quick wins. Innovation happens in 4 ways, namely incremental, survival, catch-up and platform innovation. Reimagining digital with the Plug & Play approach is really important. Be passionate, process oriented and force the right partnerships.”
Various Fintech brands were also felicitated with the Inno Tribe Awards in categories of Tech,BFSI & Start ups as a recognition of their remarkable contribution towards revolutionizing the financial sector in India . Some of the winners included Bank Bazaar, State Bank of India and In storied.
Credenc won the Inno Tribe award in the Start ups category. Expressing their gratitude, the Co founders, Mr. Avinash Kumar and Mr. Mayank Batheja said “We are honoured that our efforts have been recognized . It is a huge boost to our team and it will surely motivate us to excel and strive in our pursuit of redefining education loans in India.”
India’s financial ecosystem is flourishing with technological innovations focused at creating customer service excellence and generating revenue. Technology has undoubtedly played a key role in reshaping the entire banking sector through introduction of online transactions, mobile payments, wire transfers and e-wallets and will continue to play an influential role in defining the future trajectory for the industry.