Every Nation Wants A Bite of India’s InFinity Forum, Launch By PM Tomorrow

NEW DELHI: Prime Minister Narendra Modi is all set to inaugurate the first ever ‘InFinity Forum’, a two-day thought leadership forum, to be held on December 3-4. The event is being hosted by the International Financial Services Centres Authority (IFSCA) under the aegis of the Indian government in collaboration with Gujarat International Finance Tec-City (GIFT City) and Bloomberg. The event will be held in virtual mode.

Indonesia, South Africa and the United Kingdom are partner countries in this edition of the forum. Indonesian Finance minister Mulyani Indrawati, Malaysian Finance minister Tengku Zafrul Aziz, Malaysian Creative Economy minister Sandiaga S. Uno and United Kingdom Chancellor of the Exchequer Rishi Sunak. The forum will have participants from more than 70 countries.

According to a government press release, the InFinity Forum will also provide opportunities to:

• Selective FinTech from India and Partner countries including the finalists from sprints organised under I-Sprint’21 series of IFSCA to showcase their innovation in virtual exhibition on 4thDecember, 2021; and
• Students of Colleges and Universities from India and Partner Countries to develop and submit Call for Action statements on policy recommendations emanating out of the various sessions at the Forum enabling them to play a key role in shaping the vision and priorities of the FinTech industry.

InFinity Forum is IFSCA’s flagship financial technology and global thought leadership event where pressing problems, progressive ideas, innovative technologies from across the world get “discovered, discussed and developed into solutions” while uniting the world’s leading minds in policy, business, and technology to discuss and come up with actionable insight into how technology and innovation can be leveraged by the FinTech industry for inclusive growth and serving the humanity at large.

Some of the headline speakers participating in the event are Mukesh Ambani, Chairman and MD of Reliance Industries; Masayoshi Son, Chairman and CEO of SoftBank and Nandan Nilekani, Co-Founder, Infosys.

According to a press release, the agenda of the Forum will focus on the theme of ‘Beyond’; with various sub themes including:

• FinTech beyond boundaries with governments and businesses focusing beyond the geographical boundaries in the development of global stack to promote financial inclusiveness;
• FinTech beyond Finance by having convergence with emerging areas such as SpaceTech, GreenTech and AgriTech to drive sustainable development; and
• FinTech Beyond Next will focus on how Quantum Computing could impact the nature of the Fintech industry in the future and promote new opportunities. Each of the themes extends the realm of FinTech beyond boundaries, keeping in line with the overarching spirit of the event.

Nandan Nilekani, Chairman and Co-Founder, Infosys, commenting on the agenda of the event said: “The India Stack story and the impact it has had on the lives of a billion can be taken beyond our boundaries to the world through a global stack initiative. FinTechs and its convergence across sectors are expected to play an important role and I am glad to note the thought leadership of IFSCA through the InFinity Forum and its impressive agenda.”

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