SIDBI Center for Innovations in Financial Inclusion (SCIFI)

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Fintech in India – An Evolving

Landscape

It is imperative that India and Russia create better

coordination in Fintech sector to reform the lives of

their peoples through financial inclusion and pave

the way for a well developed digital economy in

both the countries that will serve as the basis for

the absolute and qualitative increase in bilateral

trade. Read full story

India’s fintech economy is gaining

currency big time

Digital payments are driving the fintech (financial

technology) revolution in India, with transactions stacking

up to $64 billion in 2017-18. With growing digital

awareness and trust in technology, terms such as UPI,

IMPS and NEFT are commonplace today. Over 1,300

new fintech startups formed during 2015-18 are a

testimony to this; Read full story

India's fintech sector could see a

revamp with cutting edge tech driving

business

The Indian fintech sector could be in for a complete

transformation with cutting edge technology driving

the business and access to lending for individuals

made far easier and more convenient. This, if the

government-appointed committee goes about

doing its task as per the recommendations of

another committee on the subject. Read full story

IIML SCIFI provides nurturing environment to start-ups especially those in the area of FinTech to bring

about greater financial inclusion. It aims to unlock entrepreneurial potential and turn innovative ideas into

products. SCIFI Newsletter, Finclusion initiated to share about important events, activities, news and

policy updates happening around ‘Financial Inclusion’ and ‘FinTech’ along with key updates of its own

works.

SCIFI, IIM Lucknow

Fintech India

SIDBI Center for Innovations in Financial Inclusion (SCIFI)

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Task Force Analyzes Role of Fintech

in Accelerating SDGs

The report’s key takeaway: the digital revolution

in financial technology (fintech) offers major

opportunities to accelerate financing of the

Sustainable Development Goals (SDGs) --

primarily by putting more control into the hands of

citizens. Read full story

Blockchain In Fintech Market 2019 Is Booming Across the Globe

Blockchain in Fintech Industry 2019 global market research report analyzes the market status, share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.

Furthermore, Blockchain In Fintech industry breakdown the data by region, manufacturers type and application. Read full story

Global Fintech Market Value is Expected to Reach $309.98 Billion at a CAGR of 24.8% Through 2022

The Fintech (Financial Technologies) market consists of sales of technology and platforms and related services. Companies in this market produce applications, processes and products, which are used in the financial services industry, and these solutions are provided as an end-to-end process over the Internet. Read full story

World FinTech Report 2019

The World FinTech Report (WFTR) 2019 from

Capgemini and Efma explores how the future is

moving to a shared marketplace where banks must

think beyond open banking and transition to an

impending phase we call Open X. Read full story

Fintech Global

SIDBI Center for Innovations in Financial Inclusion (SCIFI)

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Awareness session for Dean/

Directors/ Principals of

affiliated institutions of Abdul

Kalam Technical University

(AKTU)

An awareness session was organized by SCIFI centre for Deans/ Directors/ Principals of AKTU affiliated institutions at MDP Centre, IIM Lucknow on 26th April 2019. The objective of the session is to sensitize the audience on the issue of financial inclusion

Sensitization Workshop on

Financial Inclusion at

Integral University, Lucknow

SCIFI organised a sensitization

workshop on “Financial Inclusion” at

Integral University, Lucknow on 10th

April 2019 to foster financial inclusion

amongst faculty & students.

Article Writing Online

Contest: WrightRight for

students

SCIFI successfully conducted online “Article Writing Contest-WrightRight Write for Tomorrow” on 22nd July 2019. The objective of the competition was to stimulate interest and awareness in youth about social and financial challenges in India.

SCIFI start-up (FinanceKaart),

Mr. Ganga R. Gupta was

finalist under Financial

Inclusion category at India

Fintech Day 2019 of NASSCOM

FinanceKaart.com was the finalist at

NASSCOM India Fintech Day, 2019 for

India Fintech Awards under “Financial

Inclusion” category and also got

selected to be part of 12 best Fintech

start-ups at ITC Maratha, Mumbai on

29th August 2019.

Mr. Birendra Bisht

(Safehur), won 2nd prize

in UP Startup Conclave

2019

Four SCIFI- IIM Lucknow

Incubatee startups were

shortlisted for pitching at UP

Startup Conclave 2019, out of

388 applicants. Mr. Birendra

Bhist (Safehur) won the runners

up trophy awarded by Dr. Dinesh

Sharma, Deputy CM, UP; at the

award ceremony held on 14th

September 2019 at Indira Gandhi

Pratisthan, Lucknow.

IIM Luknow- SCIFI Activities in Financial Inclusion

UDHAAR, a Fintech

startup by Mr. Ravi Sethia

recognised as top 100

winner of “Elevate 2019”

SCIFI incubated start-up UDHAAR

of Mr. Ravi Sethia recognised as

among top 100 winners of Elevate

2019 at Startup Karnataka,

Bengaluru on 30th July 2019 and

received funding up to Rs. 50 lakhs

for proof of concept.

SIDBI Center for Innovations in Financial Inclusion (SCIFI)

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IIM Lucknow- SCIFI signed Memorandum of

Understanding (MoU) with Yes Bank Ltd.

under their Innovation program YES SCALE

SCIFI signed an MOU with YES Bank Ltd. under their

YES Scale initiative for start-ups to enable collaboration

for sharing of resources for supporting relevant start-ups

under their respective programs and partnering for start-

up programs/ events on 1st May 2019.

“CONNECTION 2019”- SCIFI Networking

cum Mentoring meet for Start-ups

IIM Lucknow - SCIFI organised a networking meet,

“Connection 2019” on 27th July 2019 at IIM Lucknow

campus where all stakeholders of SCIFI including

incubated start-ups, industry mentors, financial

institutions, investors and government representatives

were invited along with IIM Lucknow faculty mentors to

facilitate collaboration.

SIDBI Centre for Innovations in Financial Inclusion (SCIFI) Indian Institute of Management Lucknow

SCIFI Gyanodaya Building, Indian Institute of Management Lucknow, Off Sitapur Road, Lucknow -226013, INDIA

: 0522-6696010 (CEO) / 0522-6696390 (Manager) : scifi_ceo@iiml.ac.in / scifi_manager@iiml.ac.in