Hotel Hilton Garden Inn, Lucknow, on 29th of November 2018 the 3rd State Microfinance Conclave 2018 was organised by Microfinance Association of Uttar Pradesh in association with Federation of Indian Chambers of commerce and Industry (FICCI).
The objective and purpose of this conclave was to actively engage key stakeholders in discussions relevant to current and future aspects of financial inclusion. This one-of-a-kind event brought together industry experts as well as innovative business leaders in financial services, technology, research and development who addressed and provided updated information about the new opportunities and solutions to the challenges faced by the Industry.
The first panel discussion was on Existing Road Blocks and Emerging opportunities. In Second Panel the topic was: Business correspondent- Is the way forward in Microfinance. Mr. Punit Jain, CEO, Nelito Systems, was one of the speaker in the third panel discussion, "Embracing Technology for Secure and Brighter tomorrow in MFIs".
The session mentioned how the success of Microfinance lies in the fact that it has adopted Technology very fast and much rapidly ahead of the financial sector. When the computers were being roped in with the Commercial Banks i.e. ALPM age or CBS migration, Microfinance have already switched on to Mobile tracking.
It was an interactive session to assess the available solution, gaps that exist in the existing models and emerging need of the sector.
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