Moneycontrol Hosts India Fintech Conclave 2024

Prof. Geoffrey Hinton has warned of a 10%-20% chance of AI leading to human extinction within the next 30 years, citing the rapid pace of technological change. Meanwhile, India's fintech sector is experiencing significant growth, positioning the country as a global leader, with a 66% increase in funding in Q3 2024 compared to the previous year. The Moneycontrol India Fintech Conclave 2024 addressed the themes of innovation, transformation, and regulation, emphasizing the need for market stability and the collaboration between fintechs and traditional banks. Leading figures in finance highlighted India's long-term growth potential and the importance of adapting to technological advancements. Furthermore, the expansion of UPI into international markets showcases the growing influence of India's payment systems. Overall, the fintech ecosystem in India is evolving rapidly, driven by innovation and regulatory frameworks.