Fintech Yatra interaction started with welcome address by the advisor to Andhra Pradesh Government regarding Information Technology, J A Chowdary who spoke about Fintech industry. Transition from conventional banking to digital banking is vital in this era of digitisation. Expertise on Cyber security and Block chain is core of banking technology today. This enables more opportunities for start-ups in Fitch space. Hence, Fitch Valley Vizag is organising a One Million dollar Challenge in various Fintech destinations across the world as part of the Vizag Fintech Festival which is to be held in October 2018 at Vizag.
J A Chowdary has introduced Abhishant, founder of Fintech Yatra who previously worked with VISA in Vizag Digital Dhan Sankalp Program. Abhishant took up the Fintech Yatra to understand the stages at which Vizag Fintechs are providing solutions, the challenges that they have been facing and identification of potential opportunities for collaboration with Yatra partners.
‘Vizag students should come up with innovative ideas and participate in Fintech4student challenge ‘said Abhishant. Selected ideas in Fintech student’s challenge get prototype opportunity with NPCI and testing opportunity with Airtel. Age is not a limitation for innovative ideas and that start-ups are not limited to geography in this digitally connected world, he added while sharing his Yatra journey in various cities like Pune, Hyderbad, Mumbai and Kochi.
Dharmendra, CEO Fintech, spoke about the second phase of Vizag Digital Dhan Sankalp Program by VISA in which AP government is working with Govt of India and payment start-ups to build awareness and sign up merchants in a scalable way. He also discussed about Block chain start-ups in the Fintech Valley that are working in healthcare and education sectors.
The issues raised by students were addressed by Abhishant, J A Chowdary and Dharmendra followed by a photo session with the Fintech Yatra vehicle which was flagged by Devendar Fadnavis, chief minister of Maharashtra at KRC Auditorium, GITAM.