Singapore: Prime Minister Narendra Modi will deliver his address to some 30,000 people at the world's largest gathering of financial technology companies in Singapore this week. He will launch a banking solution for two billion people without bank accounts worldwide.
Prime Minister Modi will be in Singapore from November 14 to 15 to be present at a series of summits, including the East Asian summit and ASEAN meetings.
PM Modi is scheduled to speak at the Fintech Festival. This event has the largest gathering of global Fintech companies and delegates ranging from the industry leaders to smaller start-ups.He will address 30,000 people at the gala fair. This is the biggest event of its kind in the world, as the organisers said.
Worth mention here India with 400 exhibitors is the largest contingent at the event. PM Modi will launch APIX, a banking technology designed to reach two billion people globally who are still without bank accounts.
It is designed by software experts based in Hyderabad, Colombo and London. APIX is a sophisticated technology by Boston-headquartered Virtusa, especially for smaller banks, Tier 3 and 4, to reach out to people in the far-flung regions.
The Prime Minister will be launching the technology at the invitation of Monetary Authority of Singapore, the International Finance Corp of the World Bank and the ASEAN Banking Association. Nikhil Menon, Virtusa's senior vice president and Asia regional head reported.
