Perfios and PwC launched a report at IFTA on ‘How India Spends: A Deep Dive into Consumer Spending Behaviour’
Fintech Olympiad Winners- Professional Category
FinTech BizNews Service
Mumbai 13th Dec, 2024: India FinTech Forum, a leading platform for Fintech startups and companies in India, has announced the winners of its second edition of the Fintech Olympiad. The finalists won from a prize pool of Rs. 5 lac throughout the year in cash and non-cash benefits.
The winners of the National Finals of the Fintech Olympiad 2024 are:
Students Category:
Madhur Tike, Welingkar Mumbai
Vinit Jadhav, NMIMS MPSTME
Anuj Shukla, PSIT Kanpur
Professionals Category:
Greeshma Pasham, Verticle Technologies
Seth Randive, Hyperface
Sanil Basutkar, Bharatsure
Key Highlights of National Finals of the Fintech Olympiad:
Massive Participation: Over 40,000 registrations from 2,000+ colleges across India
Rigorous Selection Process: 11 regional rounds and 4 online rounds culminated in 150 finalists being selected across the student and young professional categories.
The Association of Mutual Funds in India (AMFI) supported the initiative as the Financial Literacy Partner. The competition’s focus on financial literacy and digital fluency aims to prepare students for high-growth opportunities in the fintech sector. Axis Mutual Fund was the Investor Education Partner for Fintech Olympiad 2024.
Sougata Basu, Founder, CashRich and Executive Committee Member of India FinTech Forum said, “At the 9th India FinTech Forum, we witnessed groundbreaking discussions on how AI is transforming financial services. From personalized customer experiences to advanced risk management, the conference highlighted the trends shaping the future of FinTech. It was inspiring to see industry leaders and innovators come together to redefine the delivery of financial services with AI at the core.”
IFTA 2024, which concluded on 12th Dec, 2024, saw the participation of senior industry leaders including Shri Ananth Narayan Gopalakrishnan, Whole Time Member, SEBI, Shri Venkat N. Chalasani, Chief Executive, AMFI, Mr. Gopal Srinivasan, MD, TVS Capital, Mr. Vineet Rai, Founder, Aavishkar Group, Mr. Ajay Rajan, Country Head - Digital and Transaction Banking, YES Bank and many stalwarts in attendance. IFTA is known for celebrating innovation and recognizing groundbreaking fintech startups. The winners of IFTA 2024 are:
Fintech Startup of the Year: AsaanWill
Fintech Rising Stars: Boharr, Data Sutram, Hedged.in, Effortless
Fintech Scaleup of the Year: Wealthy
Fintech Scaleup Star: Ozone API
Most Innovative Fintech Product: smallcase
Best Innovation in Digital Lending: Yubi
Best International Fintech in India: Ozone API
Best Fintech Initiative For Social Impact: Protean eGov Technologies
Excellence in Payments: PayGlocal
Best Use of AI in Fintech: Digital India Bhashini Division
Best Innovation in RegTech: Digio
Best Innovation in WealthTech: Jar
Best Technology Company for Fintech Solutions: M2P
Excellence in InsurTech: Roadzen
Best Initiative for Financial Literacy: Zerodha Varsity
Perfios and PwC launched a report on ‘How India Spends’, which offers a comprehensive insight into Indian consumer spending. The report analyses the spending by consumers across 3 key categories : Obligatory, discretionary and necessity expenses, which contribute 39%, 29% and 32% of all consumer expenses. Individuals across tiers of cities spend 33% of their income towards EMIs. People living in tier 2 cities outpace tier 1 residents in spending on medical bills which averages at Rs. 2,450 per month per person in tier 2 towns.
