Prelims: Current events of national and international importance | Science & Technology
Why in News?
The 7th Global Fintech Fest (GFF), Mumbai (8–11 Sept 2026), highlights global collaboration and innovation in financial technology.
- Theme – “Potential to Impact: Agentic AI | Tokenisation | Quantum: Trusted, Connected, Global Systems for Inclusive Finance.”
- Principal organizers – Payments Council of India (PCI), National Payments Corporation of India (NPCI) and Fintech Convergence Council (FCC).
- Supported by
- Ministry of Electronics and Information Technology (MeitY)
- Department of Financial Services, Ministry of Finance
- New, Emerging and Strategic Technology (NEST) Division, Ministry of External Affairs
- NITI Aayog
- Reserve Bank of India (RBI)
- Securities and Exchange Board of India (SEBI)
- International Financial Services Centres Authority (IFSCA)
- Pension Fund Regulatory and Development Authority (PFRDA)
- Objectives – To highlight India’s digital financial infrastructure and fintech capabilities.
- To facilitate a platform for global dialogue and the exchange of ideas.
- To enhance engagement with developed economies, emerging markets, and the Global South.
- It is built upon 3 foundational technologies
- Agentic AI – It enables financial systems to sense, decide, and act in real time within strong governance frameworks.
- It orchestrates end-to-end workflows, strengthens regulatory oversight, enhances fraud prevention, and responsibly personalizes financial services at scale while empowering human decision-making through explainable intelligence.
- Tokenisation – It transforms assets into programmable digital units, enabling fractional ownership, instant settlement, and interoperable money.
- By unlocking liquidity and democratising access, it reshapes capital markets, payments, and participation across global financial systems.
- Quantum – Quantum technologies introduce a foundational shift in computation and security.
- From quantum-safe cryptography to advanced risk optimization, they strengthen systemic resilience and ensure long-term trust in the financial infrastructure of tomorrow.
Reference
PIB | 7th Global Fintech Fest (GFF)
