A successful ‘Made in India’ story

A trading platform that is a market leader, a commodity exchange that is world’s third largest, an extensive ecosystem for the faster growth of
financial markets, India’s footprints in international finance, a pioneering growth story made by an Indian with his vision and expertise and solely directed towards the benefit of Indians.

The entry of FTIL into the exchange space brought competition that benefited the stakeholders enormously. FTIL put up efficient alternatives virtually in every asset class that had a very positive impact on growth and productivity.

63 moons technologies, earlier known as Financial Technologies India Limited,  has been instrumental in creating and changing the landscape of various market segments and building global size and significance. Most of the market infrastructure that was created was in greenfield ventures with FTIL vision making each of these ventures into markets of national importance.

The growth story of Financial Technologies is about empowering people. Technology solutions enabled even small brokers access to business opportunities. The benefits of MCX have flowed to people of India as the whole value chain consisted of local traders, agriculturists, processors, warehousing professionals and those offering support services. Its listing benefited lakhs of retail investors. MCX-SX created a special membership for rural entrepreneurs. Members were offered financial education programmes and other professional development opportunities. Emphasis was laid on gainful economic opportunities for the youths and women.

Read More

The Genesis of Innovation : 63 moons technologies Limited

Fintech is driving the transformation of data-processing technology, how business is done, how products and services are conceived, and the way customers participate in the process.

Fintech offers a variety of tech solutions for small businesses and start-ups, which provides the opportunity to gain a competitive advantage over bigger, more established companies. These options can provide a business with better visibility over cash flow, the ability to secure funding and can even improve management. They can also help small businesses improve invoicing, customer relationship management and payment systems.

Around 10 years back, Indian financial markets passed through a fascinating phase as it witnessed the growth of a ground-breaking innovation, 63 moons technologies limited (formerly Financial Technologies (India) Limited. And the credit goes to a visionary Jignesh Shah.

Established in 1995, 63 moons technologies is a first-generation enterprise that created new standards and benchmarks on the potential and possibility of financial markets development. The company offers technology solutions and domain expertise for digital transactions and financial markets across all asset classes. It’s formation led to a phenomenal technological innovation in Intellectual Property (IP) and helped propel trade on next-generation financial markets including equities, commodities, electricity, currencies, and bonds, among others.

With technology as its core strength, 63 moons have always created new standards in financial innovations.  Despite being in the private sector, it has contributed significantly to the growth of public capital markets. It served a catalytic role in its international success and took India to the global league tables in regard to exchange operations in major segments, such as commodities, currencies, and energy. •

A nationwide research by a leading research institution, Tata Institute of Social Sciences (TISS), described MCX, one of the erstwhile Financial Technologies group companies, in one catch line: "A Million Jobs and a Million More Opportunities".

The group has created millions of new stakeholders in the financial system, giving

opportunities to earn grow and seek a sustainable livelihood. Governments, regulators and other development institutions from various countries used to visit 63 moons to know and learn how it was able to create such a success story of sustainable financial market infrastructure. Countries were keen to partner with the group to replicate its success in India, in their respective countries.

Read More

Atom technologies: The revolution in digital India

63 moons technologies Pvt Ltd pioneered the concept of electronic and mobile payments that later emerged as a standard for e-commerce and an important step for building Digital India.

An end-to-end payment services provider, atom offers a vast range of solutions through online and offline payment platforms. Atom technologies was set up by Jignesh Shah in 2005 with the aim to create a range of services that will help all Indians to transact and conduct business more easily. It was set up with a vision to create more convenient ways to transact and avail of financial services. It’s a cutting-edge state-of-the-art technology that puts cost effectiveness and user friendliness under one roof. . It uses multiple channels – Internet, IVR, as well as POS, and supports multiple payment options like Credit and debit cards, Mobile banking, Net banking, Cash cards and IMPS.

Atom provides the best transaction success rate in the industry. It uses merchant dashboards for transaction reporting and exceptions. It’s a PCI/DSS certified payment aggregation.

Read More - 63 moons contributions to fintech

Read More