Fintech Open Month

Fintech Open Month started on February 7, 2022. It is a first-of-its-kind initiative that brings together the Fintech professionals & enthusiasts, regulators, industry leaders, start-up community, and developers on a common platform.

Key Points

• On this common platform, professions, leaders and start-up communities collaborate, exchange ideas, and innovate.
• It was started by NITI Aayog.
• Summit was inaugurated by Union Minister Ashwini Vaishnaw in the presence of Vice Chairman of NITI Aayog, Dr Rajiv Kumar.
• Key highlight of the Fintech Open Month summit will be India’s biggest fintech hackathon ever. It will provide an opportunity to present breakthrough ideas to individual developers and start-up community with the potential to solve real-world problems.

Theme of the FinTech Month

The FinTech month will create an immersive learning experience, with overarching theme ‘OPEN’. It aims to achieve three key objectives:

1. Encourage an OPEN ecosystem across the FinTech industry
2. Foster co-innovation and growth
3. Ensure financial inclusion and leverage new models such as Account Aggregator to unleash next wave of fintech innovation.

Week One of the Fintech month

Week One of the Fintech Open Month included deep dives, in-depth conversations, and panel discussions to highlight opinions, innovation, and diverse perspectives from industry leaders.

Who is organising the Fintech month?

Fintech Open Month is being organised by NITI Aayog, in collaboration with PhonePe, Amazon Web Services (AWS) and EY, in order to showcase the importance of the fintech industry. It is a three-week-long virtual summit, being organised from February 7–28, 2022.

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs • Summits and Conferences