Vaikunth Mehta National Institute of Cooperative Management, (VAMNICOM) Pune is conducting a Programme on Fintech, a word loosely used for “Finance” and “Technologies”. The programme is being conducted from 5-7 December 2018.
The program is aimed at tackling the emerging challenges in the banking and the financial sector which are undergoing technological disruptions like never before. This has led to the emergence of an altogether new sector called “Fintech”.
“In a country like India, Fintech Revolution is gaining momentum rapidly. New technologies like mobile wallets, artificial intelligence and block chain, ever rising access to mobile communications etc. are leading to huge investments in Fintech Start- ups”, reads a press release sent by Vamnicom.
More than 30 participants from across the country will participate in the programme. NABARD (National Bank for Agricutlture and Rural Development) has sponsored the programme.
VAMNICOM is a premier national institute for cooperatives. It caters to the emerging training needs of the cooperative sector through Management Education, Training, Research & Publication, and Consultancy etc.
It is said that the states like Maharashtra and Andhra Pradesh were the first ones to have developed Fintech Policy framework but the remaining states continue to be laggards. RBI too constituted an expert panel to work on regulatory requirements of Fintech and Digital Banking so as to further mainstream this business and align it with the Indian Financial Sector.
The programme is designed to sensitise executives of banking and finance sectors about the emerging trends of Fintech and to enable them to utilize them for creating innovative business models, the release underlines. Discussions on digital wallets, mobile banking, block chain etc and interactions with some Start-ups in this space have also been planned in the programme.
Those involved in the program includes Dr K. K. Tripathy, Director, Dr D.V Deshpande, Professor and Dr Amarendra Sahoo, Ex Regional Director RBI and Chairman Atom Technologies, Mumbai. Mr U D Shirsalkar, CGM NABARD; and Mr Alok Mehta, Chief Finance Officer and Tarun Arora, Senior VP Atom Technologies, Mumbai will also be present.