FCC
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About FCC

Established in 2017 as a fintech committee, the Fintech Convergence Council was later incorporated into a council under the aegis of the Internet and Mobile Association of India. Currently, the council has 150 members representing various segments of the fintech, banking, financial services, and technology space. The council 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.

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

Governing Council of FCC

FCC is governed by an Executive Council comprising 12 members, the names of which are mentioned below:

Harshvardhan Lunia
Chair, Fintech Convergance Council & Chair, Lending Committee, Lendingkart

Jitendra Gupta
Co-Chair, Fintech Convergance Council & Chair, DPSF Committee, Jupiter

Sujith Narayanan
Chair, DFSP Committee, Fi Money

Chiranth Patil
Chair, Insurance Committee, Riskcovry

Pranshu Diwan
Co-Chair, Insurance Committee, Paytm Committee

Prabhakar Tiwari
Chair, Investment Committee, Angel One

Ujjwal Jain
Co-Chair, Investment Committee, Phonepe Wealth Broking

Hemant Gala
Co-Chair, Lending Committee, Phonepe Credit Services

Achal Mittal
Chair, P2P Committee, NDX P2P

Rajat Gandhi
Co-Chair, P2P Committee, Faircent

Ankit Ratan
Chair, Regtech Committee, Signzy

Jay Dembani
Co-Chair, Regtech Committee, HyperVerge