A view of FinTech Tower atop Hill No. 2 of Rushikonda in Visakhapatnam. | Photo Credit: K_R_DEEPAK more-in VISAKHAPATNAM: As part of the strategy to attract more start-ups to the FinTech (financial technology) hub, a FinTech spring festival will be conducted for the first time in the city on March 9 and 10. FinTech Valley Vizag has launched the first FinTech innovation challenge for India’s leading broking firm, Angel Broking, for which participation from start-ups across the world has been sought. As financial service companies are adapting to transition of India to a digital economy, they are seeking partners to collaborate for financial technology. This challenge is an opportunity for the start-ups and individuals to develop a solution to enable real-time social profiling of customers in the era of big data. India’s first FinTech Tower was inaugurated here at Rushikonda in December 2016 by Chief Minister N. Chandrababu Naidu. Consultant KPMG has been appointed to evolve strategies to make Visakhapatnam the leading FinTech hub of the country. Real-time social profiling Chief marketing officer of Angel Broking Gagan Singla told The Hindu that they were looking for a solution that would enable real-time social profiling of new and existing customers, on the basis of attributes such as demography, income bracket, age, social data (Facebook, Twitter, Instagram and LinkedIn), and mobile App usage (presence on financial applications such as Moneycontrol and Yahoo Finance). All short-listed FinTech firms and individuals will be invited to showcase their solutions to the Indian financial industry leaders at the spring festival. The winner of the challenge will be awarded a cash prize of ?5 lakh. The winner will also receive coaching and mentoring by the corporate partner and free space for six months at the FinTech Tower in Rushikonda. Mr. Singla said: “Technology is in Angel Broking’s DNA. Throughout our three decades of experience, we have been constantly reinventing our digital and technology platforms to stay ahead of the curve. With a perfect blend of investment advisory expertise and technology prowess, today we are a truly new-age digital investing company.”

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