IBEX, MMRDA Ground, BKC, MUMBAI On 24th of Jan 2019 the Banking Frontiers NBFC Conclave was held in Mumbai, which engaged 200+ C' level delegates.
The event was titled as, "NBFC's: Leapfrogging to Prosperity" which had discussion on how the world of NBFCs, often over-shadowed by the banking sector, has suddenly got a shot in the arm due to some recent developments, including the Paradhan Mantri Awaas Yojana, the NPA burden of the banks and some strategic decisions by the government.
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. Nelito Systems had participated as the "Financial Technology Partner" for the event.
Mr. Punit Jain, CEO Nelito Systems was a part of a panel discussion - Secure Digital Transformation - An NBFC perspective. This panel discussion emphasized on how a digital transformation initiative is mutually beneficial for both NBFCs and their clientele alike.
Mr. Punit Jain also emphasized on using digital technologies, NBFCs can mitigate risks involved in dealing with cash by switching to digital modes of payments while customers can use safe and secure ways of making payments through digital channels.
The conference also focused on the efficient lending business trends and Blockchain Implications in NBFC World.
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