The 1st day of Global Fintech Fest 2024 came to a close with a bang, as Reserve Bank of India (RBI) Governor Shaktikanta Das outlined five critical priorities for India@100:
1. Digital Financial Inclusion
2. DPI Digital Public Infrastructure (Aadhar, UPI, BBPS is current ) ULI unified lending Interface is the future. The new trinity is JAM, UPI, ULI
3. Consumer Protection and Cybersecurity under the DPDP Act 2023, ensuring data control and fraud prevention.
4. Sustainable Finance through Sovereign Green Bonds and green deposits.
5. Global Integration with UPI, RuPay, and potential CBDC expanding across borders.
Future technologies like AI/ML, IoT, and Quantum Computing will be crucial but must be carefully deployed. Fintech regulations, including SROs, will be essential.
As Novac comes from the background of the country's largest BFSI conglomerate, we are intent on continuing the vision of providing financial inclusion to empower every citizen. Our digital lending solution, ZIVA®, is ready to support these priorities and drive digital financial inclusion forward.
#IndiaAt100 #Fintech #RBI #GFF2024 #GlobalFintechFest #Digitallending
Honored to welcome Shaktikanta Das, Governor of the Reserve Bank of India (RBI) Bank of India, as our Guest of Honor at GFF. You definitely don’t want to miss his remarkable speech!
#GFF #GFF24 #GlobalFintechFest #FintechRevolution #FintechInnovator #GFFLive