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Fintech Storm Announces NPCI Alliance; Set to Brainstorm Opportunities for Banking and Payments at Fintech Storm India Summit, May 12

MUMBAI, May 2, 2016 /PRNewswire/ --

Fintech Storm is bringing to Mumbai on 12th and 13th May, 2016, the collective insights of Fintech world gleaned from Europe and USA.

Fintech Storm, the established brand from UK owned by Genius Incubator Ltd. is set to forge crucial partnerships with thought-leaders in banking and policy-making bodies in India, and is hosting India Financial Forum on 12th May at Hotel St Regis.

Shri A.P. Hota, CEO, National Payments Corporation of India (NPCI), one such crucial alliance of Fintech Storm and speaker at the 12th May summit said, "Unified Payments Interface (UPI) is a transformational payment system project which would facilitate immediate 'send' and immediate 'collect' 24x7. Being API based, banks and financial institutions would have enough flexibility to develop products on the UPI platform. Early indication shows great enthusiasm on the part of the Ecommerce players to make use of UPI for the payment leg of transactions."

Speaking on the collaboration, Ms. Arifa Khan, MD and CEO of Genius Incubator Ltd. and founder of 'Fintech Storm' and 'Europe-India Conclave' series said her firm would support NPCI in research on relevance of blockchain in Indian payments market.

India Financial Forum on 12th May will debate on themes such as digital banking, banking APIs, online lending, Peer-to-Peer funding, instant and seamless payments financial inclusion for the unbanked, blockchain applications in and outside of financial services and other emerging technologies such as Big Data, IOT, artificial intelligence for robo-advisory in the banking industry. USAID will speak on financial inclusion reaching the last person in hinterlands at the summit. 

"We are delighted to have the support of an independent and objective non-profit organisation such as NPCI whose purpose is to accelerate innovation in payments, which affects the banking and cards industry. Mr. A.P. Hota is a veteran CEO who enjoys the confidence of the entire banking industry in India, and having his buy-in for a collaborative R&D effort is a huge advantage. We are excited about the promise of technologies such as blockchain - having built strong connections with blockchain experts and innovators in Europe and USA. We would now explore its applications in varied industries in India," said Khan.

"Our work as adviser on foreign investments and our affiliation with Central and State Govt. bodies further enhances our unique position. For example; we had a positive response from the Chief Minister of Andhra Pradesh, Shri Chandra Babu Naidu and his team of Ministers whom we met on their March visit to London seeking investments from UK. We met Chairmen of Port authorities of A.P and Inland Waterways Authority of India at Maritime Investor Summit, a landmark summit hosted by visionary Union Minister Shri Nitin Gadkari, 14th - 16th April in Mumbai which attracted MOUs for an estimated Rs. 12 lakh crore investments. We are also working with the regulators and the Ministry of Road Transport & Highways to find ways to bring in foreign funding at ultra competitive costs," stated Khan.

Shri Nitin Gadkari has also been invited as Chief Guest to inaugurate the two-day Fintech Storm India Summit on 12th May.

"In parallel to infrastructure funding advisory, we will submit proposals to Govt. of Andhra Pradesh to harness the potential of new innovations and technologies in building the brand new capital Amravati. We will continue dialogues with SEBI, RBI and Banking CEO's to explore opportunities," elaborated Andhra-born Arifa Khan on the various promising developments in 2016. 

"We propose to raise investment for this exciting opportunity and to kick start R&D. We will seek to carry out collaborative research work with technology solution providers (for example IBM, Linux Foundation, Microsoft , Blockchain firms and ISPIRIT, that was behind the development of Aadhar's UID project and UPI in India, for the benefit of the Indian market) and our partners in Europe. My personal interest is to evangelise explosive high growth technologies in India and put India on the pedestal of high tech nations with double digit growth!" Ms. Arifa Khan expressed her unbounded optimism for the latest project.

Department of Industrial Policy & Promotion (DIPP) and Niti Ayog are keen to promote entrepreneurship amongst youth and are participants at the Fintech Storm India Summit.

Reserve Bank of India (RBI) is keen to study various Fintech opportunities from the regulatory risk perspective and especially to explore blockchain's potential. The RBI think-tank has extended an invitation to Ms. Arifa Khan to deliver a talk on blockchain on 5th May. She is looking forward to deliberations with various banks which will culminate in engaging debates at the two-day summit on 12th - 13th May and beyond.

Arifa Khan further listed the benefits for startups looking to raise funding, "Startups and SMEs have a lot to look forward to at the summit as India Funding Conclave on 13th May is dedicated to companies in fundraising rounds (from all sectors, not just Fintech) who can mingle with VC's, investors, lenders, NBFC's in a first of its kind attempt to give entrepreneurs plenty of choice - in funding. I thought there was a gap in India to host this kind of 'investor mela' and enabling forums. So taking the lead, the summit has lined up over 20 investors so far such as, Matrix, IDG Ventures, Saif partners, Lok Capital, Aspada etc. This is Fintech Storm's tribute to Mumbai, the star factory which groomed my passion for financial services early in my career, and to Startup-India initiative launched by the Govt. which is a fillip to our young innovators and job creators."

Fintech Storm is supported by PR Partner PR Newswire, event research partner Majestic MRSS, Thought leadership partners Gateway House, NPCI, Knowledge Partners IIT Madras, ISPIRIT and outreach partners Nasscom 10000 startups, TIE Mumbai and TIE Delhi, Innov8, SME Joinup, Harvard and Wharton Clubs of India, Pune Open Coffee Meetup, Indian Startups, For Press Release, FintechLabs etc. 

Review the full program at: http://fintechstormindia.com/agenda

List of Speakers, Investors and Participants:http://fintechstormindia.com/speakers

For full details visit: http://www.fintechstormindia.com/overview/ 

Website: http://fintechstormindia.com 

http://FintechStorm.com/Mumbai-2016

Tickets: http://in.explara.com/in/indiafundingconclave

For ticketing support contact ashok@explara.com

For sponsorship and exhibitor queries contact arifa@fintechstorm.com

Past event site for Europe India Conclave Dec 2015:http://FintechStorm.com/europe-india  

Media Contact: 
Arifa Khan
arifa@fintechstorm.com
Destinationindia@geniusincubator.com
+91-9619703635
Mananging Director 
Genius Incubator Ltd.

SOURCE Fintech Storm India Summit 2016



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