- ByStartupStory | February 27, 2024
The Bharat Fintech Summit 2024, held in Mumbai on February 7 and 8, concluded on a high
note, showcasing the future of digital finance and fostering innovation and inclusion within the
industry. The event, graced by esteemed dignitaries and industry leaders, witnessed engaging
discussions, insightful presentations, and the recognition of outstanding achievements in the
fintech sector.
The summit kicked off with Shri Vasudevan P, the Executive Director of the Reserve Bank of
India, leading the traditional lamp-lighting ceremony and delivering a keynote address that
delved into the intricacies of the Indian fintech landscape. His address set the stage for a series
of high-level panel discussions featuring senior industry executives, who shared their unique
insights and laid the groundwork for exploring the future directions of the fintech industry.
A significant highlight of the summit was the inaugural edition of The Digital Fifth Accelerator
Program, which provided a platform for promising startups to showcase their innovations. After a
rigorous selection process, nine startups were unveiled at the summit, representing diverse
sectors such as banking, financial services, embedded finance, and B2B insurance. These
startups presented their pitches and product demos to distinguished investors, receiving an
overwhelmingly positive response and paving the way for further growth opportunities.
In addition to the accelerator program, the summit also witnessed the launch of the Indian
Enterprise Fintech Report 2024 by Chiratae Ventures and The Digital Fifth. The report unveiled
significant growth prospects within crucial fintech sectors in India, including banking tech,
regtech, enterprise wealth tech, lending tech, and enterprise insurtech. Key insights from the
report highlighted the rise of enterprise fintech, the transition to 100% digital banking by 2030,
and the growing importance of technology as a strategic revenue driver.
Furthermore, the summit culminated with the Bharat Fintech Awards, which recognized and
celebrated the best and brightest in the industry across various categories. The winners, chosen
by a distinguished panel of judges, were commended for their innovation, impact, and growth
potential, underscoring the remarkable achievements within the fintech ecosystem.
The success of the Bharat Fintech Summit 2024 can be attributed to the active involvement and
enthusiastic participation of industry stakeholders, including regulators, policymakers, investors,
and entrepreneurs. Their collective efforts and engagement contributed to the event’s success
and reaffirmed the industry’s commitment to driving innovation and inclusion in digital finance.
As the summit concluded with great satisfaction, the organizers expressed their gratitude to all
participants and supporters for their contributions. Looking ahead, they expressed anticipation
for next year’s edition, where they aim to continue fostering collaboration, exploring emerging
trends, and advancing the agenda of digital finance in India.
The Bharat Fintech Summit 2024 served as a platform for thought leadership, collaboration, and
celebration, showcasing the potential of fintech to transform India’s financial landscape and
drive inclusive growth.
