63 moons’ ground-breaking innovations in Fintech space

FinTech is a fast-moving trend; it focuses on emergent technological innovation in the financial sector. Historically applied mostly at investment banks and hedge funds, FinTech is now exploding with new ideas and startups in digital payment systems, cloud-based techniques for behavioral analytics, risk management, etc.

Somehow, the visionary Jignesh Shah could discern this as an opportunity in an uncharted area and used his technology innovation to set up a first technology-driven company with a focus on financial and exchange markets (FTIL).

It’s the vision of the innovator Jignesh Shah that elevated 63 Moons Technologies Limited (formerly known as FTIL Group) into the inventor of electronic, organized, and regulated financial markets for new asset and investor classes. Such markets were economically unviable to be served by traditional markets at that time.

OODIN, MCX, NBHC, DGCX, MCX SX, IEX, atom, Ticker…. are a few ventures pioneered by Shah which became global leaders in financial and technological innovations and contributed to the eco-system and the organized markets.

One of the main contributions of 63 Moons Technologies Limited was to channelize the unorganized markets and bring about transparency & cost-effectiveness in markets, thus enabling substantial revenue generation which otherwise was getting lost in the organized markets.

• All his contributions have had a tremendous impact on the business ecosystem.
• All the ventures are extremely job-oriented, revenue generating and employment-intensive.
• Commodities exchange and ecosystem have created a huge network of multiple players in the economy with plenty of opportunities for profitable business and sustainable incomes.
• According to a study by Tata Institute of Social Sciences (TISS), MCX alone generated more than a million jobs in the commodities ecosystem.
• The Grahmin Suvidha Kendra was set up with a focus on rural areas, to expand the reach and access of the commodity exchange benefits to farmers and other producers in the rural areas.
• The international exchange Institutions put India on the world map of global finance.

63 Moons Technologies Limited is the first Indian organization that has been invited by governments in international financial centers such as Dubai, Mauritius, Bahrain, Africa and Singapore for setting up multi-asset class market exchanges.