"Balancing innovation with smart regulation: Fintech's next major challenge at the ET Soonicorns Summit 2024"

At the recently concluded Global Fintech Fest (GFF) 2024, key discussions centered around regulations and fraud, highlighting the growing importance for fintech founders to stay informed on regulatory updates and focus on protecting customers from fraud. India's fintech ecosystem, now the third largest globally, was spotlighted in the "State of the Fintech Union 2024" report by Boston Consulting Group (BCG) and Z47, published on August 29. The ecosystem, despite a dip in funding, saw significant growth in 2023, with revenues soaring by 56% to reach $25 billion. As the sector continues to expand, prioritizing sustainable profitability through strategies like value creation, unit economics, and governance has become essential.

With the Indian government's policy initiatives and a collective focus on addressing cybersecurity risks and fraud, the Economic Times (ET) is hosting the third edition of its ET Soonicorns Summit 2024 in Bengaluru on September 20. This event will explore the fintech sector's challenges and growth opportunities, featuring prominent speakers such as Akash Sinha, Co-founder and CEO of Cashfree Payments; Lizzie Chapman, Co-founder of SwiffyLabs; Hardika Shah, Founder & CEO of Kinara Capital; and Dhirendra Mahyavanshi, Co-founder of Turtlemint. The panel discussion, titled ‘Fintech,’ will delve into these pressing topics.