Nearly 150 fintech (financial technology) companies from across India and 15 global locations will participate in the Fintech Start-up Challenge-2017 being organised here on March 9 and 10.
Enquiries with AP Electronics and IT Agency (an autonomous body formed by the A.P. government) have confirmed that they will receive a 20-member delegation from Monetary Authority of Singapore (MAS).
The solutions registered by the start-ups are a mix of matured product solutions and innovative prototypes, KPMG, which has been appointed by the government as the consultant for transforming the city into a fintech hub, has told The Hindu.
According to KPMG officials, the State government has collaborated with India’s premier banking and financial institutions such as ICICI Bank, ICICI Lombard, HDFC Life, Bharti AXA Life and Angel Broking to launch the AP Fintech Valley Start-up Challenge-2017.
The challenge is a part of Chief Minister N. Chandrababu Naidu’s quest to power Visakapatnam into a national and global hub for fintech.
