India’s biggest FinTech event and award ceremony called India FinTech Awards 2016 (IFTA) is scheduled to take place on 26th November in Mumbai. The event is a platform to celebrate and recognize the best innovations from the FinTech companies.
The event will witness 20 fintech companies who will showcase innovative products to a curated audience comprising of the esteemed judging panel, investors, bankers, entrepreneurs, and media.
The shortlisted fintech startups will show a live demo of their latest products at IFTA and will get a chance to win a cash prize of Rs. 5 lakhs from Yoti. Startup winners shall also get the startup kit from 10,000 Start-ups program along with a chance to apply for NASSCOM India Fintech Day, 2017 and get an opportunity to pitch for Enterprise Connect and Product Showcase. In addition, the top 4 startups will receive credits worth $1000/month for a year on IBM Bluemix.
The participating companies include FreeCharge and BankBazaar which are bringing digital financial transactions to India in a big way that will help in financial inclusion.
The judging panel consists of industry leaders such as Jitendra Gupta (Founder of Citrus Payments), Sundeep Sikka (President and CEO Reliance Capital Asset Management) and Ritu Marya (Editor-in-Chief, Entrepreneur), Siddharth Shahani (Executive director, ISDI), Seema Kumar (Country Lead, IBM), Varun Dhamija (Business Head, Pearson) and many more. The evening will end with one of them winning the IFTA trophy and a cash prize of INR 5 lakhs.
The event is also organizing a panel discussion of 30 minutes to give its audience deep insights on “Cashless Economy – How the recent demonetization of higher value currency notes creates opportunities for the fin tech sector”? This panel will be moderated by a senior executive of Barclay’s and he will be joined by Mrs. Pratima Kirloskar President Innovations (Society) at Kirloskar Brothers Ltd. and Senior Executive at PwC among others.
The India FinTech Forum is a non-profit initiative that aims to position the financial and technology community, also known as fin tech community, in India as a global leader in innovation and entrepreneurship. India FinTech Awards 2016 is the flagship event organized by India FinTech Forum.