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ETMarkets Global Summit to focus on fintech revolution in markets

The event aims to put India’s markets at pace with the global strides made in the fintech space.|
Updated: Jan 25, 2018, 01.22 PM IST
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As domestic equity indices scale newer heights every second day, giving a sense of strength in the Indian securities markets, a quiet fintech revolution triggered by savvy startups and leveraging of digital connectivity is quietly stirring up the eco-system promising to alter the paradigm in the not-so-distant future.

India’s policymakers and markets regulators have been on a wild goose chase for some time now, trying to rein in the fast-spreading cult of crypto-currencies. The changes have been rapid, and those not keeping themselves abreast with them are bound to be left many miles behind., the flagship markets portal of ET Digital, India’s most respected financial media brand, steps in to fill in this gap between practice and possibilities by launching the first ETMarkets Global Summit 2018 this March.

The event aims to put India’s markets fraternity at pace with the global strides made in the fintech space and bring market practitioners and policy makers on the same slate in the context of regulation.

When the concept was floated, Dalal Street veterans like Raamdeo Agarwal, Nilesh Shah, Nirmal Jain and new trendsetters like Chandra Shekhar Ghosh greeted it whole-heartedly and quickly jumped on to the bandwagon.

“Securities markets are the best allocators of capital. On the one hand, India needs to undertake massive capital expenditure, both by the government and the private sector. On the other hand, India will generate cumulative savings of over $10 trillion in next 10 years. In addition, there are trillions of dollars of global savings. Channelling both these savings into the real economy is best achieved by securities markets. Hence, government attention to healthy development of securities markets is paramount,” says Raamdeo Agrawal, Founder & JMD, Motilal Oswal Financial Services.

The ETMarkets Global Summit 2018 will be held in Mumbai on March 15, 2018.

“Fintech is revolutionising the financial services sector and coming faster than one had expected. It will keep on cutting margins for intermediation and innovating newer products and services,” says Nilesh Shah, Managing Director of Kotak Mutual Fund.

Thought leaders and practitioners from the financial markets and fintech space besides representatives from regulatory bodies from India and abroad will attend the event and bring the best ideas and perspectives to the table.

“Traditional view of the markets has been as a vehicle to raise capital for business. It’s time we think of the markets as an industry, contributing to the nation’s GDP, wealth creation for the masses and as a massive employment generator,” says Sanjay Sindhwani, Vice-President and Business Head, The Economic Times (Digital).

“Even as we busy ourselves figuring out how to deal with the speculative interest in cryptocurrencies; Block Chain, Big Data and Artificial Intelligence are quietly making inroads into boardroom discussions and IT systems of big players while in parallel, nimble fintech startups put out products and services that challenge existing business models based on new technologies and a digitally-connected India”, says Sindhwani.

Markets regulator Sebi is already weighing the pros and cons of using block chain to add efficiency to trade processing and market surveillance.

Across Dalal Street, broking houses, banks, mutual funds, insurers, analysts and researchers are embracing big data and artificial intelligence in a big way for market and client research.

The summit will have as many as nine brainstorming sessions on a whole gamut of topics, ranging from the ‘Impact of global squeeze on capital in Indian markets,’ ‘Ways to attract capital to fund India’s growth,’ ‘Developing alternative markets,’ ‘Adding depth to market landscape through financial inclusion’ to ‘The best use of fintech innovations in the markets space.’

The event’s plenary will see top policy makers brainstorm over ways to tap the emerging opportunity from the tectonic shift of global financial hubs and transform India into one.

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