Recap - InFinity Forum 1.0

About

InFinity Forum is the International Financial Services Centres Authority (IFSCA)'s flagship financial technology event, uniting the world’s leading minds in policy, business, and technology to explore and advance the biggest ideas in FinTech, and to develop those ideas into global solutions and opportunities.

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Domestic Partners

Speakers

Shri Narendra Modi

Hon'ble Prime Minister of India

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Shri Narendra Modi

Hon'ble Prime Minister of India

Smt. Nirmala Sitharaman

Hon'ble Minister of Finance; and Corporate Affairs, Government of India

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Smt. Nirmala Sitharaman

Hon'ble Minister of Finance; and Corporate Affairs, Government of India

Ashwini Vaishnaw

Hon'ble Minister of Railways; Communications; and Electronics & Information Technology, Government of India

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Ashwini Vaishnaw

Hon'ble Minister of Railways; Communications; and Electronics & Information Technology, Government of India

Tengku Zafrul Aziz

Hon'ble Finance Minister of Malaysia

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Tengku Zafrul Aziz

Hon'ble Finance Minister of Malaysia

Sri Mulyani Indrawati

Hon'ble Finance Minister of Indonesia

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Sri Mulyani Indrawati

Hon'ble Finance Minister of Indonesia

Sandiaga S Uno

Hon'ble Minister of Creative Economy, Government of Indonesia

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Sandiaga S Uno

Hon'ble Minister of Creative Economy, Government of Indonesia

Rishi Sunak

Hon'ble Chancellor of the Exchequer, The United Kingdom

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Rishi Sunak

Hon'ble Chancellor of the Exchequer, The United Kingdom

Rajeev Chandrasekhar

Hon'ble Minister of State for Skill Development & Entrepreneurship; and Electronics & Information Technology, Government of India

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Rajeev Chandrashekar

Hon'ble Minister of State for Skill Development & Entrepreneurship; and Electronics & Information Technology, Government of India

Mukesh Ambani

Chairman and MD, Reliance Industries

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Mukesh Ambani

Chairman and MD, Reliance Industries

Masayoshi Son

Representative Director, Corporate Officer, Chairman & CEO SoftBank Group Corp.

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Masayoshi Son

Representative Director, Corporate Officer, Chairman & CEO SoftBank Group Corp.

Sunil Bharti Mittal

Founder and Chairman, Bharti Enterprises

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Sunil Bharti Mittal

Founder and Chairman, Bharti Enterprises

Uday Kotak

MD and CEO, Kotak Mahindra Bank

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Uday Kotak

MD and CEO, Kotak Mahindra Bank

Uday Kotak is the Founder and MD & CEO of Kotak Mahindra Bank Ltd (KMBL). The net worth of Kotak Mahindra Group (Group) is Rs 89,127 crore as on 30th September, 2021 and the Group has ~83,000 employees. Uday believes that the true measure of performance is sustainable value creation. Investors who kept faith with the enterprise over the past 35 years have seen 40% CAGR on their investments. Uday’s vision for equitable prosperity extends beyond financial services. The Kotak Education Foundation (KEF) works with some of India’s most economically underprivileged communities, attempting to alleviate poverty through education and livelihood programmes. It’s the constant endeavour of KMBL to enhance its Corporate Social Responsibility (CSR) capabilities by adopting a purpose driven approach, focusing on sustainable and scalable programmes, in line with the country’s social imperatives and the United Nation’s (UN) Sustainable Development Goals (SDGs). In September 2020, Uday was reappointed as co-Chairman of the Indo-UK Financial Partnership (IUKFP) constituted by Ministry of Finance, Government of India and UK Treasury. Also, in September 2021, the Government of India extended Uday’s appointment as the non-executive Chairman of the new IL&FS board with a mandate to steer one of India’s largest NBFCs out of the crisis that it is caught up in, which Uday took up as national duty in October 2018. He is a member of the Insolvency Law Committee, which has been constituted by the Ministry of Corporate Affairs, Government of India. Uday has served as President of the Confederation of Indian Industry (CII) in FY 2020-21 and as Chairman of the SEBI constituted Corporate Governance Committee. In October 2017, the Uday-led panel submitted the report on corporate governance to SEBI recommending sweeping changes to create a more robust and transparent corporate governance framework. Uday is recipient of the ‘Ernst & Young World Entrepreneur of the Year Award’ in 2014, ‘Economic Times Business Leader of the Year Award’ in 2015, ‘Businessman of the Year 2016’ by Business India, ‘Lifetime Achievement Award’ at Financial Express’ Best Banks’ Awards 2016, ‘USIBC Global Leadership Award’ at the 2018 India Ideas Summit organised by the U.S.-India Business Council, ‘Life Time Achievement Award’ at Magna Awards 2019 by Businessworld, ‘Best CEO in Banking Sector’ by the Business Today Best CEO Awards 2019 and ‘India Business Leader of the Year’ by CNBC-TV18 at the India Business Leader Awards 2021. Uday holds a Bachelor’s degree in Commerce from Mumbai University and a Master’s in Management Studies degree from Jamnalal Bajaj Institute of Management Studies, Mumbai.

Advisory Committee

Dr K P Krishnan

IEPF Chair Professor, NCAER

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Dr K P Krishnan

IEPF Chair Professor, NCAER

Dr Krishnan was the Union Secretary in the Ministry of Skill Development and Entrepreneurship. Prior to that he was Special & Additional Secretary, Department of Land Resources, Ministry of Rural Development; Additional Secretary, Department of Economic Affairs (DEA), Ministry of Finance; Principal Secretary, Department of Personnel & Administrative Reforms in the Government of Karnataka (his parent cadre); Secretary to the PM’s Economic Advisory Council in New Delhi; Joint Secretary, DEA; Secretary Finance in Karnataka; Advisor to the Indian ED at the World Bank, Dr Bimal Jalan; and a number of other positions after joining the Indian Administrative Service in the 1983 batch.Trained in economics, finance, and law, Dr Krishnan has chaired or served as a member of several Government of India committees, including the Krishnan Committee on Cross Border Insolvency Rules/Regulation Committee, the Krishnan Committee on Comprehensive Regulation of Credit Rating Agencies, the T K Viswanathan Committee on Reform of Bankruptcy Laws in India; the Rangarajan High-level Expert Committee on Efficient Management of Public Expenditure; High-level Coordination Committee on Financial Markets chaired by the RBI Governor; and the Rajan Committee on Financial Sector Reforms.Professor Krishnan has taught as a visiting professor at the Indian School of Business, at Ashoka University, as BOK Visiting International School Professor of Regulation at the University of Pennsylvania Law School, and he regularly lectures at the Lal Bahadur Shastri National Academy of Administration in Mussorie. He has published on a range of public policy issues in books, journals, and the mainstream media. Dr Krishnan holds a B.A. (Hons) in Economics from St Stephen’s College and an LL.B. degree from the University of Delhi, an M.A. in Economics from the University of Mysore, and a FPM/Ph.D. in Economics & Finance from the Indian Institute of Management, Bangalore.

Anand Mohan Bajaj

Additional Secretary, Ministry of Finance

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Anand Mohan Bajaj

Additional Secretary, Ministry of Finance

Anand Mohan Bajaj belongs to the 1990 batch of the Indian Audit and Accounts Service and brings more than 30 years of experience in the field of finance, financial markets and economic affairs. He is a CPA (USA) and a Chartered Accountant

As Additional Secretary, he heads the Financial Markets Division in the Department of Economic Affairs in the Ministry of Finance.

His important responsibilities include policy matters relating to

  • Development and Regulation of the Securities Market in India
  • Primary and Secondary financial markets
  • Protection of the interests of investors in securities market.
  • Foreign Portfolio Investments and External Commercial Borrowings; and
  • Development and regulation of International Financial Services Centre at Gandhinagar

His previously held positions included:

  • Chair of the Audit Operations Committee at United Nations Board of Auditors at New York
  • Director General in the office of the Comptroller and Auditor General of India
  • Joint Secretary (Financial Markets) and Director (External Markets), Ministry of Finance

Simmi Chaudhary

Economic Advisor & Group Coordinator, Digital Economy & Digital Payments Division, MeitY

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Simmi Chaudhary

Economic Advisor & Group Coordinator, Digital Economy & Digital Payments Division, MeitY

She has strategic and financial planning background and has been involved in the promotion of e-Governance for empowering citizens. Her vast experience in promoting the inclusive and sustainable growth of the Electronics, IT and ITeS industries, coupled with her commendable contribution enhancing efficiency through digital services remain the most noteworthy.

G. Padmanabhan

Former Executive Director (RBI), Former Chairman, Bank of India

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G. Padmanabhan

Former Executive Director (RBI), Former Chairman, Bank of India

Gopalaraman Padmanabhan, (DB: 29/05/1955) a post graduate in Economics from Kerala University and a Masters in Business Administration from the Birmingham Business School holds extensive experience and expertise in bank regulation and supervision, development of foreign exchange/securities markets in India, information technology and payment systems, with more than 35 years of experience with the RBI in various capacities i.e. recommending and implementing policies, systems, guidelines and regulations relating to the banking, financial services and securities sector of the country. Padmanabhan was the Chairman of the Committee to implement GIRO in the country and has been involved in the implementation of new e-Treasury system in the Reserve Bank. He was also involved in the operationalisation of the first of its kind ISO 20022 standards based RTGS System and the digitisation of payment transactions. Padmanabhan was also the Chairman of the Technical Committee on Services/Facilities for Exporters and a part of the think tank to manage market volatility, as well as a member of the Governing Council of the Institute for Development & Research in Banking Technology, a banking research institute established by RBI. He represented RBI in the Committee on Payment and Settlement Systems, Basel and was also inducted into the Steering Group of the CPSS-IOSCO for Review of Standards. As a member of the Working Group of the CPSS, Basel, Padmanabhan worked on the report on Principles for Financial Market Infrastructures and also chaired the International Working Group set up by CPSS(now CPMI) on Non-banks. He was one of the persons responsible for drafting the Sodhani Committee's report in 1995 on the foreign exchange market and measures for widening and deepening the market, and has supervised the revision of the Internal Control Guidelines for Foreign Exchange Business in 1996. Padmanabhan was also a member of the internal group that prepared and submitted a Technical Paper on Asset -Liability Management for Indian banks which was accepted by the Bank and formed the basis for Reserve Bank of India's initiative. On superannuating while holding position of Executive Director from the RBI, Padmanabhan was appointed as Non-Executive Chairman of Bank of India in Aug 2015. He held this position for 5 years till Aug 2020. Padmanabhan advises several firms on banking/ foreign exchange and payment system and other regulatory issues. He also holds Board positions in Axis Bank, Aditya Birla Sunlife AMC Trustee Board and in Haldyn Glass.

Dilip Asbe

CEO, National Payments Corporation of India (India)

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Dilip Asbe

CEO, National Payments Corporation of India (India)

"Mr. Dilip Asbe is the MD & CEO of National Payments Corporation of India (NPCI). Prior to this he was the Chief Operating Officer (COO) of NPCI. He has played a pivotal role in designing, building, operationalisation and management of large scale innovative payments processing platforms like Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), Immediate Payment Service (IMPS) and India’s home grown card network RuPay.

A formidable leader to the core, he has ensured the delivery of processing over 1 billion transactions a month with good mentoring of teams. Recently, he was awarded the ‘Changemaker of the Year’ award for the revolutionary product UPI which he spearheaded, by one of the leading business dailies. Further, very recently he was awarded the ET award 2018 for Policy Change agent of the year award for UPI. He holds a Master of Science (MS) Degree in Global Management (Executive Programme) from the London School of Economics and Political Science (LSE), UK with Merit.

Mohandas Pai

Chairman, Aarin Capital and Manipal Global Education, Former CFO, Infosys

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Mohandas Pai

Chairman, Aarin Capital and Manipal Global Education, Former CFO, Infosys

Mohandas Pai is a Padma Shri Awardee and former CFO and Board Member at Infosys. He is also the co-founder of Akshaya Patra, the world's largest midday meal program, and works actively with government and regulators on policy recommendations and guidelines. Mohan has served as Board Member of SEBI and National Stock Exchange, India. He has emerged as one of India's most prolific angel investors. He has helped start over 10 different funds in venture, growth, and public markets. He also leads a private equity fund - Aarin Capital - along with Manipal Group Chairman Ranjan Pai that invests in life sciences and education companies. A selection of the companies include Byju's, Counsyl, ZoomCar, Praxify, YourStory, and Licious.

Anjali Bansal

Founder - Avaana Capital, Ex-Chair - Dena Bank, Sr Advisor - IFSCA

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Anjali Bansal

Founder - Avaana Capital, Ex-Chair - Dena Bank

"Anjali Bansal is founder of Avaana Capital, investing in innovation led business models to achieve impact at scale. She was previously global Partner and Managing Director with TPG Growth PE, global Partner with Spencer Stuart and India CEO, and strategy consultant with McKinsey and Co in New York and India. She has been appointed on the Expert Advisory Committee for the Start Up India Seed Fund Scheme announced by Honorable Prime Minister. She is also on the PM's NITI Aayog Evolution Review Committee. Anjali Bansal is former non executive Chairperson of Dena Bank where she successfully led the resolution of the stressed bank. She is closely associated with NITI Aayog Women Entrepreneurship Platform, Digital Platforms and Atal Innovation Mission. She has been an active investor and mentor in companies including Delhivery, Nykaa, Safari, Alphavector, Lenskart, UrbanClap, Darwinbox, Loantap. She started her career as an engineer. She serves as an independent non executive director on the boards of Piramal Enterprises, Siemens Ltd, Tata Power, Voltas, Kotak AMC, and Delhivery. She has been on the Advisory Board of the Columbia University Global Centers, South Asia. Previously, she was Chairperson of India board of Women's World Banking, a leading global livelihood-promoting institution and continues to be an advisor to SEWA. She has previously served on the public boards of GSK Pharma and Bata. She is a charter member of TiE, served on the managing committee of the Indian Venture Capital Association, mentor to Facebook SheLeadsTech, NITI Aayog's Atal Innovation Mission. She has been elected President of the Bombay Chamber of Commerce and Industry. An active contributor to the dialogue on corporate governance and diversity, Anjali is on the CII National Committee for Corporate Governance, co-founded and chaired the FICCI Center for Corporate Governance program for Women on Corporate Boards. She is a member of the Young Presidents' Organization. She has been listed as one of the “Most Powerful Women in Indian Business” by India’s leading publication, Business Today, and by Fortune India. She is a frequent speaker at forums like Harvard, Stanford, Columbia, IVCA, BSE and jury member for awards including ET 40 Under 40, Women Ahead, CEO Awards, VC Circle, AIWMI Wealth Awards and others. She has a BE in Computer Engineering and Masters in International Finance and Business from Columbia University. "

Saru Tumuluri

Head Strategic Partnerships & Corporate Affairs at Navi, Ex-CEO Khosla Labs, and Founder -Veri5Digital

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Saru Tumuluri

Head Strategic Partnerships & Corporate Affairs at Navi, Ex-CEO Khosla Labs, and Founder -Veri5Digital

A people-oriented, passionate, business leader with an entrepreneurial mindset and over twenty years of experience in a wide range of leadership roles including P&L ownership, business development, product innovation, team building, strategic partnerships at a govt & global level, cross-functional team management.

Inspired to be part of the team at Navi that will simplify and improve accessibility of financial services for a billion users.

Ex-CEO of Khosla Labs | Founder of Veri5Digital, the Digital Identity, KYC, and Digital Transformation SAAS platform working with 40% of the top Indian Banks and Indian Insurance companies. Strong advocate of women at the workplace and a diversity champion. Indian ambassador for Women in Identity.

Navin Surya

Chairman (Non-Executive), Fintech Convergence Council

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Navin Surya

Chairman (Non-Executive), Fintech Convergence Council

Investor, Founder, Mentor, Advisor, and Fintech Industry Thought Leader

Current Roles and Positions

  • Chairman (Non-Executive), Fintech Convergence Council (FCC)
  • Chairman Emeritus (Non-Executive), Payments Council of India (PCI)
  • Advisory Board Member of Blockchain and Crypto Assets Council (BACC) of Internet and Mobile Association of India (IAMAI)
  • Independent Director, Satya MicroCapital, etc.
  • Start-up Investor: Zimyo, FPS Technology, Tyke etc.
  • Advisor: Multiple Local and Global Conglomerates(Confidential)

Degrees

  • Commerce and Law Graduate 1990
  • Company Secretary: Professional Membership with Institute of Company Secretaries of India 1995
  • MBA with Specialization in Finance from Mumbai University 1997

Career

  • 1995: Joined a Cement Manufacturing Company as Management Trainee
  • 1997: Joined Tata Consulting Services in Management Consulting Division
  • 2000: Joined Essel Group to set up multiple businesses in Financial Services as founder e.g. Intrex India Limited, ITX Trade Exchange, ItzCash Card Ltd.
  • 2017: Last Position held at ItzCash, Managing Director & CEO

Special Contributions

  • Member of RBI GIRO Committee, Member of Dr. Watal Committee on Framework for Digital Committee at Niti Ayog etc
  • Regular Media Articles, Interviews, and discussion on various subjects related to Digital Payments, Fintech and Macro Digital Economy Issues, Regular Key-notes, Panel discussion at various local and global conferences and seminars.

Nilesh Kumar Purey

Senior Vice President (ICT) – GIFT City

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Nilesh Kumar Purey

Senior Vice President (ICT) – GIFT City

Constantin Cotzias

Director, Bloomberg Europe / Chair, Bloomberg London

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Constantin Cotzias

Director, Bloomberg Europe / Chair, Bloomberg London

M. Cotzias is European Director at Bloomberg L.P. and chair of Bloomberg London. He is Global Head of External Affairs. He is CEO of Bloomberg Trade Repository and a Director of Bloomberg Tradebook and Bloomberg Multilateral Trading Facility. He sits on the Mayor of London Economic Advisory Board and the Prime Minister’s Business Advisory Council. He was previously CEO of Bloomberg’s legal and regulatory news and research division. He joined Bloomberg in 2001 as Chief Council. Prior to Bloomberg, Cotzias was a senior mergers and acquisitions lawyer at Denton Wilde Sapte (presently known as Dentons), one of the United Kingdom’s largest law firms, where he advised on mergers, acquisitions, joint ventures, and IPOs across industries including media, telecoms, technology, and energy. From 1998-2000, he was Chief Counsel of Denton Wilde Sapte’s Moscow office. He holds a bachelor’s degree in Modern History and Politics and is a Law graduate from the London School of Economics (University of London). Cotzias earned honours in the English Law Society Final Examinations and is a solicitor of the Supreme Court of England and Wales.

Dino Setiawan

CEO, AwanTunai, Indonesia

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Dino Setiawan

CEO, AwanTunai, Indonesia

Armed with knowledge from the Stanford Graduate School of Business, Dino believes that the presence of a fintech institution like AwanTunai can encourage financial independence for the people of Indonesia. Previously, Dino worked at Macquarie Bank Limited, ANZ Banking Group, Citibank Australia, CLSA Asia-Pacific Capital Markets, Morgan Stanley, and Windy Hill Advisory. With this experience, Dino founded AwanTunai in June 2017

Ian Merrington

CEO of Cape Innovation and Technology Initiative (CiTi), South Africa

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Ian Merrington

CEO of Cape Innovation and Technology Initiative (CiTi), South Africa

Ian is the CEO of The Cape Innovation and Technology Initiative and the Bandwidth Barn. He is responsible for the development and execution of organisational strategy and operations and for leading both organisations. The Bandwidth Barn is Africa’s oldest incubator and is today regarded as one of the leading ICT business incubators in the world. Ian also sits on the advisory boards of the University of Cape Town’s Information Systems department and also the Computer Sciences department. He is also a lead mentor for Techstars. In his current role as CEO of CiTi, he has a focus on supporting and incubating inclusive tech-enabled innovation, creating job-ready candidates for the ICT sector and also accelerating tech entrepreneurs. Ian has a wealth of corporate experience, with extensive experience in the technology, innovation and creative sectors. Prior to his present role, he spent several years in advertising and consulting services, during which time he was Group Financial Director of BBDO SA, a director of Gloo Digital Design and later Chief Operating Officer for iKineo, a leading Pan-African customer engagement firm. Ian was part of the team that created an installer network programme for satellite operator SES (SES Elevate) in Sub-Saharan Africa. Prior to that Ian spent 12 years in senior Financial Management roles within the FMCG sector with a focus on Food Manufacturing.

Joseph Joshy

Chief Technology Officer, International Financial Services Centres Authority

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Joseph Joshy

Chief Technology Officer, International Financial Services Centres Authority

Senior Technology Leader driving FinTech, SupTech and other strategic IT initiatives including Regulatory / Innovation Sandbox at IFSCA, a unified regulator established as a statutory authority by the Government of India.Experienced professional in technology, consulting and delivering transformational IT Projects for Government/Regulators (RBI) and Fortune 100 clients with stints at client locations in US (Houston, San Francisco), Canada (Calgary, Toronto) and Mexico (Mexico City DF). Exposure to Startup Ecosystem and experience in setting up a Technology Business Incubator.Has been part of Management team (part of the 5 member core team that co-founded ReBIT, RBI's IT Subsidiary) with flair for People, Process and Technology dimensions. Has rich exposure to Technology Visioning exercise, Software Architecture, Estimation, IT Roadmap Definition, Technology Modernization, Business Case Articulation, Metrics driven Operations, Transition and Vendor Management.Thrives in Geo penetration with significant exposure to North America (US, Canada, Mexico), South America (Brazil, Argentina, Chile), Central America (Costa Rica), Europe (UK) and APAC (China, Philippines, India) and has managed multi-million dollar projects with multiple teams across different time zones.Has proven skills in Enterprise Architecture, Technology Business Alignment, Project, Program and Portfolio Management, Application Services Delivery across multiple software development methodologies (Agile, Waterfall, Iterative etc) and ITIL based Production Support Projects.