Mobile10X and Facebook to host FinTech Startup DemoDay

The digital financial sector is under massive transformation in India.  Major government initiatives, such as UID & UPI, have paved the way for the growth of this sector in the country.  With funding support and relief in taxes for startups, the Government has laid an attractive path for startups to work for the un-bankable population of the country with innovation and technology.

 IAMAI-Mobile10X and Facebook are organising a FinTech Startup DemoDay in Mumbai on Friday, the 4^th August 2017. Some of the shortlisted startups are:

• Myndgenie - Digitization of welfare schemes for efficient benefit delivery directly to intended beneficiaries, while bringing visibility, simplicity and speed via a mobile application and Aadhaar compliant biometric device.  - http://www.myndgenie.in/
• Mindgate Solution - Provides for a comprehensive beneficiary and scheme based payments with configurable rule engine to map rules for event based triggers for payments , as well as electronic fund transfer. – mindgate.in
• Billcloud - A cloud based software service that allows urban local bodies to make their bills available to a large number of online and offline collection channels. – billcloud.in
• in - Prepaid/Credit card-linked, multi-wallet platform that helps Governments and Corporates track and manage cash payouts, digitally and online – www.happay.in
• FRS Labs - Providing a simple unassisted, paperless and seamless onboarding process on mobile devices using a trusted 3 factor authentication model (Aadhaar, OTP and Face Biometric matches against Aadhaar photograph) – frslabs.com
• Crediwatch - Using proven computational techniques like machine learning, NLP and visualisation the platform curates data from distributed and unstructured sources into proprietary models of contextual information and derive amplified insights to help businesses and organizations make data driven decisions – crediwatch.com
• Manipal Technologies - Reduces the risk of payment fraud by removing confidential consumer credit/debit card data from the payment ecosystem – https://manipaltechnologies.com

 The session would be attended by leaders of Digital Payments & Finance industry like SBI, RBL, VISA, PaisaBazaar, Deloitte, BankBazaar etc. Shortlisted FinTech startups would get an opportunity to present before the esteemed gathering of experts/investors and get a change to get mentorship by Mobile10X in Future. Representatives from CITI would also share their views and interact with the presenting Startups.