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.
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