Hyderabad FinTech Forum (HFF) launched

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  Mr. 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, Mr. Sasi Kanth Vallepalli, Entrepreneur and CEO of quality matrix, Ramesh Kaza – Country Head of IT, CIO of State Street, and core team of Hyderabad FinTech Forum in the presence of members of the BFSI and Fintech industry in the city.

Hyderabad FinTech Forum (HFF) 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.

Mr. 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 1st 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, Mr. 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 benefitting from the available Eco-System. This will make Hyderabad the most emerging Fintech Hub in the world.”

Adding to this Mr. 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.

The event was a successful networking opportunity where the audiences had an active engagement with market participants on new financial technologies. Two upcoming start-ups selected by a lucky dip in last month’s HFF meeting got a chance to showcase their Fintech start-up to the audience.

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