Jignesh Shah, an entrepreneur turned innovator, established 10 exchange ventures across
the country and abroad, within a short span of 10 years. Mr Shah, being an
expert in the financial market infrastructure conquered new heights across the
globe through his ventures. Shah’s most significant contribution to the markets
is that he crushed the monopoly and democratised the markets to all.
A decade
ago, the Indian financial markets passed through a fascinating phase as it
witnessed tremendous growth opportunities. The markets were booming and
increased use of modern technology in the financial industry filled the void of
inaccessibility to financial services to all in the country.
Applauded
by global think-tanks as a pioneer in developing the financial markets, Jignesh
Shah ensured inclusive growth from the top to bottom of the pyramid. For
example, the launch of MCX had all stakeholders including the farmers from
different villages across India contributing to the development of the
commodities market. Shah's vision was such that he launched India's largest
warehouse and collateral management facility, the National Bulk Handling
Corporation (NBHC), so that farmers could store their products and enjoy the
price advantage of the supply and demand chain.
It was a
dream come true to the ‘Innovator of Modern Financial Markets’ Jignesh Shah.
His vision was cherished, nurtured and developed through 63 moons technologies
limited (formerly, Financial Technologies (India) Limited). Earlier, the
rural-urban divide as well as poor market infrastructure had created a wedge
between India and other global markets.
The use of
fintech has transformed the way businesses are carried out in the global
financial markets. The ability of the new technology to capture and process
data in real time is changing the work process and is taking them to new
heights. How products and services are conceived in the new economy
and the way consumers participate in this process have evolved considerably in
the past few years Convenience, speed and transparency are the major factors
that fintech firms are leveraging to capitalise on the Indian economy.
63
moons through its next-generation technology ventures, innovations, platforms,
and solutions placed India on par with global markets.
Read more :- 63 moons - the fintech per excellence
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