About FCC

Setup in 2017 as a fintech committee, Fintech Convergence Council was later converted into an independent council with an independent governing board, with over 150 members. The FCC represents various players in the fintech, banking, financial services, and technology space. The FCC works towards the penetration of financial services with the aim of financial inclusion and moving towards a digitally empowered country. It creates opportunities for collaboration and convergence among various players in the financial services domain. Committees under FCC are Digital Lending, Wealthtech, Insurtech, DFSP Regtech, Agrifintech and Bureaus.

FCC works closely with the Ministry & regulators like Reserve Bank of India (RBI), Ministry of Finance, Insurance Regulatory & Development Authority, Securities & Exchange Board of India & any similar government departments, bodies or Institution to grow the penetration of financial services.

 

 

 

Vision

To proactively work towards growth of fintech and penetration of financial services to support our national goal of financial inclusion, moving towards a digitally empowered country.

MISSION

To identify and build opportunities for collaboration, convergence between the various players in the financial services domain and to grow and drive market expansion.

Activities

Advocacy

  • To deliberate on regulatory, legal and other developments (draft notes, laws, regulations, etc.)
  • Submit recommendations and feedback on policy papers released for public comments
  • Proactively offer opinions to lawmakers, and be an active participant in law making process
  • Engage with Government and Regulators for favorable policy environment for fintech sector
  • To collaborate with different associations to seek synergies

Convergence and Collaboration

To identify the opportunities for collaboration and convergence between the larger Financial Services Institutions (Across Banking, Payments, Insurance, Investment) with its eco-system and Fintech companies

Development

To proactively work towards growth of fintech and penetration of financial services to support our national goal of financial inclusion, moving towards a digitally empowered country

Governance

FCC is governed by an Executive Council comprising 8 members, the names of which are mentioned below:

  • Harshvardhan Lunia, Chairman, Founder & CEO, Lendingkart Technologies Private Limited
  • Jitendra Gupta, Co-Chairman, Founder, Jupiter Money
  • Hemant Gala, CEO, PhonePe Credit Services Pvt. Ltd
  • Prabhakar Tiwari, Chief Growth Officer, Angel One
  • Ujjwal Jain,CEO, PhonePe Wealth Broking Private Limited
  • Chiranth Patil, Co-Founder & Director, Riskcovry Insurtech Platform
  • Pranshu Diwan, Chief Business Officer- Insurance, Paytm Insurance Broking Private Limited
  • Ankit Ratan, CEO & Co-Founder, Signzy Technologies Private Limited
  • Jay Dembani, Head of Products, Hyperverge
  • Sujith Narayanan, Co-Founder & CEO, Fi Money (Epifi Technologies)
  • Achal Mittal, CEO, NDX P2P Private Limited (Liquiloans)
  • Rajat Gandhi, Co-Founder & CEO, Jupiter Money