Banking in the new contactless world
With economic growth severely been hit and with the downgrading of India’s Sovereign rating, by Moody’s, for the first time in 22 years spells a lot for the long overhaul required before our economy can jump back to respectable figures.
Asia post Covid -19
The outlook on the digital banking and payments sector is no different in India, as in Asia post COVID-19, and is likely to follow a similar pattern possibly until 2021. But the stability seen in the last few years in the industry and new innovative technologies having been embraced, the recovery in the sector would far outclass the others.
Over the last five years, there have been countless numbers of innovative applications and systems that are used by the financial services industry to offer increasingly more world-class products and services to the Asian market. Building a robust fintech ecosystem where start-up firms engage in partnerships with financial institutions, research institutions, technology experts and government agencies is expected to be a key enabler for growth and innovation in the financial services sector. The Asian financial services sector has embarked upon its digital journey and is catching up fast with its global peers in terms of adoption and implementation.
We at The Economic Times are organizing the 3rd BFSI InnoTribe Summit & Awards (APAC Edition) centred on theme ‘Bridging Asia’s FinTech: Ideate – Innovate – Disrupt’. The daylong summit is designed and crafted to bring the innovation and banking leaders under one platform to discuss and deliberate the future amidst the current challenges and pressing issues of all time. With an eclectic mix of global keynote presentations, panel discussions, fire-side chats, case studies and felicitations this summit will predominantly answer how innovations across financial institutions will be the primary tool to achieve sustainable growth in Asia’s fastest growing economies.
About The Event
The Economic Times Presents – 3rd Edition ET BFSI Innovation Tribe 2020 Virtual Summit & Awards centered on theme “Building an ecosystem that lies at the confluence of finance and technology”. The daylong summit is designed and crafted to bring the innovation and banking leaders under one platform virtually to discuss and deliberate the future amidst the current challenges and pressing issues of all time.
November 24, 2020