Hyderabad FinTech Forum [HFF] created to enable & strengthen the start-up ecosystem to make Billion $/ Rs Unicorns from the city. HFF is a platform for the exchange of ideas related to technology in BFSI space. The Hyderabad Fintech Forum was officially launched by Mr. Jayesh Ranjan, Principal Secretary IT & Industries, Govt. Of Telangana, in the presence of J.A Chowdary, Founder of Fintech Forums in India & Chairman of India Blockchain Standards Committee, Prof. P. J Narayanan, Director IIIT, Hyderabad, Ms. Karena Belin, Founder, W Hub – Hong Kong, Sasi Kanth Vallepalli, Entrepreneur and others from BFSI and Fintech industry in the city.
Hyderabad FinTech Forum comprises of early stage/growth stage Fintech start-ups, heads of R&D and Technology departments of global MNC companies in India, Angel Investors, Venture Capitalists, Academicians & Researches, Government Officials and Regulators. More than 600 Fintech members have already joined Hyderabad Fintech Forum. HFF has also created 7 Special Interest Groups [SIG] for domains such as Blockchain Technology, Data Science, AI, ML, Cyber Security, Lending etc.
Hyderabad FinTech Forum website was also launched. The HFF website provides an exclusive platform for mentor-mentee connectivity for start-ups who seek mentorship in different stages of the life cycle from the start-up community.
On the side-lines of this launch a Memorandum of Understanding was also signed between Q-Hub which is a Start-up incubator, Accelerator, Coworking & networking platform in Hyderabad by Priyanka Vallepalli, CEO of Q Hub with Ms. Karena Belin, Founder, W Hub, Hong Kong which is the largest Fintech incubator, Accelerator, with more than 3600 Start-up companies, mostly from Fintech space with 7 Unicorns and some are in the pipeline. This MOU enables the Cross-Border exchange of Fintech Market Opportunities particularly in India, China & Hong Kong.
J.A Chowdary, Founder of Fintech Forums in India & Chairman of India Block-Chain Standards Committee explained the role of Hyderabad Fintech Forum in promoting and mentoring the start-ups in the city & outlined the process by which we can create Fintech Unicorns in Hyderabad. He added
Hyderabad was the first city in India to create an exclusive Infrastructure for Financial & Fintech activities in 2000. It also has the most important Fintech Eco-System components such as HQ for IRDA, IDRBT, NPCI R&D and all banking academies which itself creates a vibrant Fintech Eco-System in this part of the globe. Hyderabad Fintech Forum will also setup a global Fintech Mentor Grid to enable most Fintech start-ups to take advantage of mentorship and succeed in their journey. We hope that Hyderabad Fintech Forum will form an ideal platform for boosting the start-up Eco-System in the city help in emergency of several Unicorns from the city.
Speaking on the occasion, Jayesh Ranjan, Principal Secretary IT & Industries, Govt. Of Telangana said
The Telangana Government is giving special emphasis on creating the necessary Fintech infrastructure, building appropriate and attracting Fintech investment in a big way.
He highlighted the growth rate at which the Fintech start-up companies are coming to the city and benefiting from the available Eco-System. This will make Hyderabad the most emerging Fintech Hub in the world.
Adding to this, Sasi Kanth Vallepalli, Entrepreneur, CEO of Quality Matrix, Partner of RxAdvance and Co-founder of Q Hub, said
Q-Hub is an Eco-System to build the business into much greater heights. With a platform created for our community members to interact, exchange ideas, form partnerships through regular seminars and events. Q-Hub is an inspirational centre for companies. The MOU between Q-Hub & W-Hub will also help the community get better access to global developments and help Hyderabad emerge as the leading Start-up Hub.
The launch of Hyderabad Fintech Forum was followed by a panel discussion on The Unicorns from India – A Myth or Reality by experts from the industry throwing light on how the start-up Eco-System can create more unicorns in coming years.