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Dr. Ritesh Jain

CEO/ Founder at Infynit

London, United Kingdom

Ritesh is an Entrepreneurial Technology Leader and Board Advisor with two decades of global experience in Digital Technology, Business Transformation and Operations with various corporates, helping them build successful businesses. He is recognised amongst the top 100 Fintech and Payments leaders globally. He has been awarded a PhD for his contribution to Digital, Payments Innovation, Open Banking and Financial Inclusion by a leading UK university. He has managed large teams of 2000+ and yearly budgets of £500 Mn+ and led milestone changes in Financial Services, Fintech, Shipping, Telecom and Government. He led the future of payments for VISA and won a CEO award for Delivering Apple Pay and Tokenisation to the world for the first time. Ritesh built and led the Digital Centre of Excellence at Maersk and steered its recovery from the most significant cyber incident in the shipping industry. He has helmed strategic digital and technology initiatives at HSBC to build the platforms and bank of the future and recently mentored Infynit, a fintech, to disrupt the credit market in the UK. He is a keynote speaker, published author, mentor and advisor to Harvard Business Review, MIT, IIT Kanpur (India), incubation centres, the Parliamentary Digital Service in the UK, and other fintechs and startups in Europe and Asia, including Y Combinator. Ritesh is an expert on open banking and a trusted advisor to payment regulatory and government bodies, the big four consulting firms, VCs & PEs. He has advised major payments programs globally, such as UPI, P27, and, recently, Fednow in the US, apart from participating actively in regulatory affairs in India, the UK, and other markets for payments. He is also a member of G20 GPFI (Global Program for Financial Inclusion) 

Along with global experience, Ritesh has strong Indian roots and is actively involved in the Indian fintech, financial services and startup ecosystem. He built a wealth management company as a founder CTO; mentored and set up India's second-largest fantasy gaming company, which was acquired in 2020. Ritesh has mentored and helped fintechs / startups like BharatX, Financepeer, Basic, to name a few, scale up their business. Presently, he is actively advising and mentoring IIT Kanpur & City Bank accelerator, helping startups grow and expand. 

Available For: Advising, Authoring, Consulting, Influencing, Speaking
Travels From: London
Speaking Topics: Fintechs, Financial Inclusion, Payments, Digital Technology, Financial Services, AI, ML, Quantum,

Dr. Ritesh Jain Points
Academic 111
Author 66
Influencer 131
Speaker 258
Entrepreneur 170
Total 736

Points based upon Thinkers360 patent-pending algorithm.

Thought Leader Profile

Portfolio Mix

Company Information

Company Type: Company

Areas of Expertise

Agile
AI 30.52
Blockchain 31.17
Business Strategy 31.13
Change Management 30.19
Climate Change
Cloud 30.60
CRM
Cryptocurrency 31.39
Culture 30.42
Customer Experience
Customer Loyalty
Cybersecurity 30.49
Data Center
Design Thinking
DevOps
Digital Disruption 34.63
Digital Transformation 30.85
Diversity and Inclusion 34.67
Ecosystems 30.93
Emerging Technology 30.50
Entrepreneurship 38.88
ERP
FinTech 65.73
Future of Work
GovTech 30.53
Innovation 38.36
IoT
Leadership 38.29
Lean Startup
Management 30.15
Mergers and Acquisitions
Mobility
Open Innovation 30.34
Privacy
Procurement
Project Management
Quantum Computing
Retail
Risk Management
RPA
Smart Cities
Social
Startups 40.38
Sustainability 36.00
NFT 30.58
Metaverse 53.90

Industry Experience

Federal & Public Sector
Financial Services & Banking
Higher Education & Research
Other
Professional Services
Telecommunications
Travel & Transportation

Publications

2 Academic Awards
PhD in Payments Innovation, Open Banking, Open finance and Impact on Financial Inclusion
Portsmouth University UK
March 24, 2022

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Tags: FinTech

PhD in Payments Innovation, Open Banking and its impact on Financial Inclusion
Portsmouth University UK
December 01, 2021

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Tags: FinTech

1 Academic Certification
Executive Education - Leading Successful Businesses
London Business School
June 11, 2019

See credential

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Tags: Business Strategy, Entrepreneurship, Leadership

1 Academic Course
Bachelor of Engineer in Computer Science
Rajiv Gandhi Technical University
January 01, 2003

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Tags: Cloud, Digital Disruption, Digital Transformation

1 Academic Whitepaper
https://gbievents.com/blog/why-finance-will-join-the-cloud-in-the-next-decade
GBI Events , CIO Conference Oxford University.
March 23, 2020
Why will the finance sector become a new aspect of cloud in the next decade?- Ritesh Jain, COO- HSBC

Finance leaders are considered the guardians of the economic environment they are part of. They are tuned to the minutest of changes that affect the economy. As we knock at the doors of 2020, they are quick to realise that there is a marked shift in the way the economy operates and what the customers expect out of banks. That there is a need to decrease the ever-widening gulf between the increasingly digitised customer and available financial products and services. And, they are willing to embrace technology that helps them do this better.

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Tags: Business Strategy, Cloud, Leadership

7 Advisory Board Memberships
Strategic Advisory Board & Founding Member - Centre of Fintech at University of London
University of East London
April 14, 2022
UEL Fintech Centre has a powerful vision driven by sustainability & inclusivity and with support from industry partners and fellows!

Upskilling and Reskilling are the only way forward for the industry to flourish, and education/industry partnerships are critical for sustainable growth. UEL is providing students with the required curriculum, practical experiences through industry partnerships and opportunities to work with fellows and industry partners to prepare an industry-ready workforce and bring partners and fellows from broad sectors for more excellent exposure to students and staff!

I am looking forward to supporting and working with University and Fintech Centre!

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Tags: FinTech, Startups, Sustainability

BharatX
Forbes
February 15, 2022

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Tags: Entrepreneurship, FinTech, Startups

Advisory Board Member - CEAI
CEAI
December 01, 2021
CEAI is primarily formed as an effort by MyFinB Group with the objective to support society at large, people and industries with AI solutions aligned with the SDG17 goals of the United Nations.

At CEAI, we believe AI can help drive positive impact by solving some of the world’s most pressing challenges. While the prime advantage of AI is to enhance business and the economy, AI for Positive Impact focuses on the aspect of artificial intelligence applied for helping people and the environment.

By using AI for positive impact, CEAI supports social innovation projects in many SDG sectors such as Education, Health and Wellbeing, Clean energy, Industry innovation and infrastructure, responsible consumption and production to name a few.

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Tags: AI, Entrepreneurship, Leadership

Startup Incubation and Innovation Centre, IIT Kanpur, India
SIIC IIT Kanpur
September 01, 2021
A launch pad for purpose-driven entrepreneurs harnessing the power of innovation and technology.

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Tags: FinTech, Innovation, Startups

Mentor and Advisory Board
SIIC IIT Kanpur
August 02, 2021

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Tags: Entrepreneurship, FinTech, Innovation

HPC AI Wallstreet
HPC AI Wallstreet
September 28, 2020
The global market size of High Performance Computing (HPC) was valued at $34.62 billion in 2017, and is expected to expand at a Compound Annual Growth Rate (CAGR) of 7.2% through 2025. The global enterprise AI market was valued at $4.68 billion in 2018, and is projected to reach $53.06 billion by 2026, with a CAGR of 35.4% between 2019 and 2026.

HPC + AI Wall Street is formulated to advance the understanding of market-ready innovations, enabling growth, new revenue streams, and competitive advantages.

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Tags: Digital Disruption, FinTech, Innovation

MIT Technology Review
MIT
November 04, 2019
MIT Technology Review

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Tags: Leadership

4 Article/Blogs
Digital Transformation
Digital Innovation
November 25, 2020
Digital Transformation and everything around it.

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Tags: Digital Disruption, Digital Transformation, Leadership

Top 5 Fintech trends to look out for in 2020
LinkedIn
January 22, 2020
The finance sector always had a high barrier to entry for start-ups. Bucking earlier trends, the last decade saw many new entrants. Dubbed Fintech as their USP was being at the cusp of finance and technology, they are expected to grow at a faster pace in the coming decade. Starting with services that traditional banks found tiresome or less profitable, like mobile payments, they are now poised to take over even core Financial Services like banking.

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Tags: FinTech

Ways to optimise the compliance and regulatory processes for businesses
LinkedIn
January 07, 2020
Compliance with standard rules and regulations is essential for any industry, more so in the banking industry. The banking industry has to conform to multiple regulations by the government, failing which can lead to major monetary as well as reputation loss. Let's first understand why compliance is crucial!

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Tags: Cloud, FinTech

Why will the finance sector become a new aspect of cloud in the next decade?
LinkedIn
December 20, 2019
Finance leaders are considered the guardians of the economic environment they are part of. They are tuned to the minutest of changes that affect the economy. As we knock at the doors of 2020, they are quick to realise that there is a marked shift in the way the economy operates and what the customers expect out of banks. That there is a need to decrease the ever-widening gulf between the increasingly digitised customer and available financial products and services. And, they are willing to embrace technology that helps them do this better.

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Tags: Cloud, FinTech

1 Board Membership
World Business Angel Investment Forum
WBAF
December 31, 1969
As an affiliated partner of the G20 Global Partnership for Financial Inclusion (GPFI), the World Business Angels Investment Forum (WBAF) is committed to collaborating globally to empower the economic development of the world by fostering innovative financial instruments for startups, scaleups, innovators, entrepreneurs and SMEs and to promoting gender equality and women’s participation in all sectors of the world economy. WBAF invites you to join our global efforts to ease access to finance, promote financial inclusion, and create more jobs and social justice.

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Tags: FinTech, Leadership, Startups

3 Book Chapters
FinTech Women Walk the Talk: Moving the Needle for Workplace Gender Equality in Financial Services and Beyond
Palgrave Macmillan
January 09, 2022
The Fintech community is steeped in change and has the potential to pave the way for equal opportunities in the workplace with all the positive actions that have taken place. There is much more that can be done but what has been achieved so far needs to be replicated. This book showcases the successes in the industry as well as what could act as a barrier or escalator. This book is the first of its kind, drawing upon the author’s podcasts with more than 115 FinTech experts sharing their insights into the space. More than 100 of these experts are women within the FinTech community. It is a call to action for diversity in the workplace, showcasing the successes and presenting how to overcome the challenges. By demystifying FinTech and its opportunity for change, the book explores how to achieve gender parity in the workplace using the FinTech industry as a case study, which will be of interest to practitioners in financial technology alongside tech and finance at large.

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Tags: Diversity and Inclusion, FinTech, Leadership

Applied Ethics in a Digital World
IGI
November 01, 2021
Applied Ethics in a Digital World provides an analysis of the ethical questions raised by modern science, technological advancements, and the fourth industrial revolution and explores how to harness the speed, accuracy, and power of emerging technologies in policy research and public engagement to help leaders, policymakers, and the public understand the impact that these technologies will have on economies, legal and political systems, and the way of life. Covering topics such as artificial intelligence (AI) ethics, digital equity, and translational ethics, this book is a dynamic resource for policymakers, civil society, CEOs, ethicists, technologists, security advisors, sociologists, cyber behavior specialists, criminologists, data scientists, global governments, students, researchers, professors, academicians, and professionals.

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Tags: Digital Transformation, Digital Disruption, Culture

Building a Digital Future
Wiley
April 15, 2021
The rise of remote work and the rapidly increasing use of cloud technologies are just two drivers of the relentless pace of digital disruption. Despite this, many companies remain underequipped or hesitant to embrace digital transformation. Understanding the key drivers of change and leveraging the powerful capabilities from technologies with a collaborative platform can aid an organization to prepare for digital transformation. Building a Digital Future provides a clearly defined roadmap for executing this change with Microsoft Dynamics 365.

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Tags: Digital Disruption, Digital Transformation, Leadership

1 Book Foreword
Impact of Women's Empowerment on SDGs in the Digital Era
IGI
May 25, 2022

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Tags: Sustainability

2 Coursewares
How Open Banking, APIs & Banking-as-a-Service Are Transforming the Financial World
Financial Brand Forum
November 14, 2022
Open banking has become a major driver of digital transformation across the financial sector, revolutionizing payments, lending, investments, and transactional ecosystems almost overnight.

In this unique digital banking showcase, you’ll see how open banking technologies are creating exciting new opportunities to reach new markets with new products. You’ll see how APIs are generating new revenue streams and rapidly expanding distribution models, with examples from financial institutions of all sizes.

This session will teach banking executives:

How traditional banking providers are deploying open banking tools to cross-sell new products and fuel growth
How APIs increase efficiencies and accelerate innovation while improving CX
The various ways open banking strategies can be executed, including Banking-as-a-Service, Banking-as-a-Platform, and embedded banking delivery models
How financial institutions are partnering with fintechs and keeping pace with bigtech disruptors by leveraging APIs to power unique products and solutions

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Tags: FinTech

Digital Payments in Finance - Payments Strategies and Business Model Innovation
CFTE
December 16, 2020
https://courses.cfte.education/payment-strategies-business-model-innovations-course/?utm_source=landing%20page&utm_medium=website&utm_campaign=c5%20to%20pidf%20spe

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Tags: FinTech, Innovation, Leadership

2 Influencer Awards
Who is Who in Fintech - Top 100 Fintech Leaders.
Onalytica
September 01, 2021
These Who’s Who reports are created using the Onalytica platform which has a curated database of over 1 million influencers. Our platform allows you to discover, validate and categorise influencers quickly and easily via keyword searches. The lists are made using carefully created Boolean queries which then rank influencers by resonance, relevance, reach and reference, meaning influencers are not only ranked by themselves, but also by how much other influencers are referring to them. The lists are then validated, and filters are used to split the influencers up into the categories that are seen in the report.

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Tags: FinTech

https://moven.com/wp-content/uploads/2021/08/Onalytica-Whos-Who-In-Fintech-21.pdf
https://moven.com/wp-content/uploads/2021/08/Onalytica-Whos-Who-In-Fintech-21.pdf
July 22, 2021
Global Top 100 Fintech Leaders - Who's who in Fintech

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Tags: FinTech

24 Keynotes
Banking opportunities in the Web3 world
IFTA
November 29, 2022
Banking opportunities in the Web3 world

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Tags: FinTech, Metaverse

Early stage capital lifting context
Open Finance 2020
November 22, 2022

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Tags: FinTech, Startups

Building Sustainable Economies with the Women at the Centre
Nations Of Women, United Nations
March 31, 2022
The connection between women's economic participation and prosperity is undeniable. Long term economic, human and environmental capital investments are critical to Sustainable development. At present, half of the world's human capital is underutilised and undervalued globally.

Women – and their potential contributions to social, economic and environmental protection – have been marginalised. Better use of the female population would significantly impact economic growth, poverty reduction, social being and sustainable development in economies. The gender gap needs to be closed through enlightened government policies and consider this critical dimension.

We have always known that women entrepreneurs play an essential role in supporting inclusive economic growth. The pandemic has made it more evident that countries ignore women's role as job creators, employees and contributors to economic expansion at their peril.

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Tags: Diversity and Inclusion, Entrepreneurship, Sustainability

Financial intelligence for entrepreneurs and intelligent investors
The World Investors and Entrepreneurs Summit
March 27, 2022
Financial intelligence for entrepreneurs and intelligent investors at WISE, WISE 2022 brings together a global ecosystem of investors (angels, family offices, venture capital, private equity) and successful entrepreneurs to create new opportunities, partnerships, collaboration, acquisition, and investment.

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Tags: Entrepreneurship, Leadership

FINTECH MASTERCLASS
FINTECH FESTIVAL INDIA
March 03, 2022

The global payments industry has seen more innovation than the previous decades combined – from mobile payments, contactless payments, real-time transactions, embedded payments, growing digital wallets, QR codes to tokennization through cryptocurrencies and CBDCs. The growth in the payments industry is accelerating and revenues from it are set to reach $2.9 trillion by 2030.

This is why CFTE’s Payments masterclass is designed to give you the skills you need to understand the current transformation the payments industry is undergoing and how it is changing financial services. With this masterclass, you will have the chance to learn the real-world applications of new technologies and innovations in digital payments from an industry expert at the forefront of fintech innovation.

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Tags: FinTech

Hult Prize Event
Hult International Business School
January 03, 2022
The COVID-19 pandemic has exacerbated the hunger crisis across the world, and one of the best ways to address this challenge is to ignite the mind of students to come up with solutions.

Thapar Institute of Engineering and Technology (TIET), Patiala hosted the preliminary round of the Hult Prize Foundation competition in December 2020 to showcase student-led innovations which can solve pressing social issues.

Considered as the “Nobel Prize for students,” the Hult Prize is an impact-focused programme which serves as a platform for events and training for students across the world to create a pathway for them to take action to build a better world. It provides a $1 million grant for award-winning solutions.

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Tags: Innovation, Startups, Leadership

AI in Financial Services and Fintechs
AI World Summit
December 01, 2021
How superfluous is AI-Powered or powered by AI Digital marketing by some financial institutions

The potential annual value of AI and analytics for global banking could reach as high as $1 Trillion

What's required for AI Transformation or AI-first organisation, what are the challenges

Being Ethically Digital is still the most significant challenge

Want to know more in-depth?

Feel free to join us as we are drawing near to the phenomenal AI World Summit 2021/22 event happening this week on Wed, 1st Dec 2021 @9AM - 9 PM SGT (GMT +8).

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Tags: AI, Digital Disruption, FinTech

Payments Innovation & Trends - Singapore Fintech Festival
Singapore Fintech Festival
November 10, 2021
Digital Payments, Innovation and Trends at Singapore Fintech Festival 2021

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Tags: FinTech, Innovation, Leadership

Fintech Products and Investments Trend from Ritesh Jain | Payments Trends
CFTE
November 10, 2021
At the Singapore FinTech Festival 2021, CFTE hosted a whole new event format called 5x5x5: The Fintech Brain Power - 5 global experts shared in 5 minutes their ideas on Fintech, Payments, Open Banking, and AI with just 5 slides.

Listen to Ritesh Jain, Co-Founder of Infynit where he discusses the latest trends in payments!

Ritesh shares how BNPL, cryptocurrency, contactless payments, investments are changing the finance industry.

Learn all the skills of payments and get accredited with our Payments specialisation https://bit.ly/33tRNz0

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Tags: FinTech

Do Digital Assets Call for Innovative Regulations
CFTE
November 04, 2021
From gold to fine art, by representing physical assets as digital tokens on a DLT or blockchain, it's possible to unlock the value of real-world assets and exchange them in real-time. Do you agree?

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Tags: Blockchain, Cryptocurrency, Leadership

Chair - Digital Transformation in Banking
Kinfos , Digital Transformation in Banking Summit
October 13, 2021
Digital Transformation in Banking Summit - Nordics

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Tags: Digital Transformation, FinTech, Leadership

Fintech Ecosystems and their roles.
University of East London
September 21, 2021
Do you want to want to know what is it like to work within the #Fintech Industry?

Please join us at Ritesh Jain, the Co-Founder at Infynit as he shares his personal experience within the industry.

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Tags: FinTech, Innovation, Leadership

Fintech Future
IIT Kanpur, Startup Incubation Centre
September 07, 2021
Future of Fintech during Hackathon 2021 @ IIT Kanpur, India

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Tags: Cybersecurity, FinTech, Leadership

AI in Payments - Conference Chair
Kinfos, AI In Payments - Americas
June 24, 2021
Artificial Intelligence (AI) is here for quite some time and is successfully being used in banking applications like Fraud Analysis and Customer Risk Scoring but with a limited scope. With such high expectations for the technology in payments and in myriad other industries, what will AI actually mean for consumers and merchants? What types of problems do payments technology companies and financial institutions expect to solve by deploying AI and other similar technologies?

AI and machine learning is quickly becoming a valuable tool for payments companies and financial institutions to reduce fraud in all environments, but particularly in securing e-commerce transactions. Through machine learning algorithms, payments companies can analyze more data in new and innovative ways to identify fraudulent activity. With AI and ML, payments companies can search rapidly and efficiently through this data beyond the standard set of factors like time, velocity and amount.

Through our research we have identified that the Payment Industry is on the cusp of reforms and players are eager to implement AI for efficient payment processing. There are many areas within payment processing where AI has a great potential to succeed.

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Tags: Ecosystems, FinTech, Leadership

Payments Solutions in Digital Banking
CFTE, EBTN
May 11, 2021
We wrapped up an intriguing webinar on ‘Payment Solutions in Digital Banking’ yesterday, that completely revamped our payments outlook for 2021 and going forward.
The webinar covered key trends in payments like:
Growth in Contactless Payments
#Omnichannel Experience
The #BuyNowPayLater Business Model
Technological Evolution
Financial Inclusion
The event also included an engaging panel discussion on the importance of #payments, the rise of digital currencies like #crypto and emerging innovations across the landscape.
We were delighted to co-organise this insightful event and thank our partners EBTN - The European Banking & Financial Services Training Association and Budapest Institute of Banking..
..along with a wonderful lineup of speakers including Fabian Vandenreydt, Ritesh Jain, Gergely Fábián and Huy Nguyen Trieu, for being a part of it!

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Tags: FinTech, Innovation, Leadership

Developer Week - Fintechs and Future of Finance
Dev Network - Developers Week
April 27, 2021
Keynote on Future of Finance and Fintechs in European Developers Week conference.

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Tags: Digital Transformation, FinTech, Leadership

Future of Fintech - Hongkong
https://app.qwoted.com/opportunities/event-mena-future-of-fintech-2021
April 14, 2021
Future of Fintech - Glboal Conference - HongKong

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Tags: FinTech, Leadership

Future of Fintech
MENA Future of Fintech
February 09, 2021
Keynote on Future of Fintech

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Tags: FinTech, Innovation, Leadership

Responsible AI - Ensuring the customer is at the heart of innovation
Arena International
February 03, 2021

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Tags: AI, FinTech, Leadership

entrepreneurship beyond boundaries
Millikin University
January 21, 2021
A Masterclass to MBA Students from Millikin University

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Tags: Business Strategy, Diversity and Inclusion, Leadership

Fintech and Financial Services
Salford University and Gov Tech UK
November 25, 2020
FinTech Future

Discusses the developments taking place within financial services


Ritesh Jain – COO Global Head of Digital Technology Delivery, HSBC/ Senior Lecturer, The Centre for Finance, Technology and Entrepreneurship

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Tags: Digital Disruption, FinTech, Innovation

Importance of Digital Banking Platform in Post COVID19 Environment
IBS Inteligence
October 21, 2020
Importance of Digital Banking Platform in Post COVID19 Environment

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Tags: Digital Disruption, FinTech, Leadership

It’s Not About Open Banking, it’s About Open Finance
HPC AI Wallstreet
September 28, 2020
Afternoon Keynote: It’s Not About Open Banking, it’s About Open Finance

In the afternoon keynote, Ritesh Jain, former COO, Global Head of Digital Technology Foundation, HSBC, tackles another timely topic. Open banking, he says, has broken up the silos around one of banking’s main functions – payments. Now, he argues, open financing is the next stage of open banking’s development and will open doors to new FinTech, new business models, and personalized, cheaper and faster services to customers.

Broadly, open banking started with Payment Service Directive 2 (PSD2) in Europe. Jain says, “Open banking has proven the model that open finance regulatory bodies needed to navigate through risks of data abuse, security standards, use of ethical AI to name a few.” Now it’s time to take the next steps with open finance, he contends.

In terms of enabling technology, he cites API, cloud, and AI as key players. Jain’s talk will cover – what is open banking, the global landscape and business models; why open finance is a natural next step form open banking; and threats and opportunities in open finance.

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Tags: FinTech, Innovation, Leadership

The Road to Digital Transformation - Getting there while avoiding the potholes.
CDM Media - CIO Conference
September 22, 2020
A Keynote on The Road to Digital Transformation - Getting there while avoiding the potholes.

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Tags: Digital Disruption, Digital Transformation, Innovation

5 Media Interviews
UPI Concentration Risk
The Hindu Business Line
January 30, 2023
My views on UPI concentration risk in The Hindu businessline today!

When the government introduced Unified Payment Interface (UPI) in 2016, nobody, even in their wildest dream, imagined the kind of success it would achieve in a short period. It has changed the face of payments in the country and has become the epitome of digital payments worldwide.

UPI has influenced Fednow, an instant payments system in US and P27, real-time and cross-border payments in the Nordics. While the real-time payment transfer system was an instant hit, it created an entirely different challenge of market concentration for the government in India – the interface is dominated by PhonePe and Google's GPay. PhonePe has nearly 50% market share with recent funding and valuation as one of the largest fintech in the country, followed by Google Pay with over 34% & Paytm has a 10% share, and these transactions' value could reach INR 10 trillion by 2026

Reserve Bank of India (RBI) is now contemplating a solution to end the duopoly in payment through capping, it initially planned to kick in this year, but now it is delayed. However, it will take a few more years with a strategic plan to support new entrants for their growth, ultimately introducing a cap on market share to avoid market concentration. Ongoing development and new initiatives around UPI make it imperative to deal with concentration risk as the highest priority.

Link is in comment:

#fintech #payments #bank #marketconcentration #concentrationrisk #upi
Hamsini Amritha Reserve Bank of India (RBI) National Payments Corporation Of India (NPCI)

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Tags: FinTech, Metaverse, Open Innovation

Fintech Disruption Guide 2021
NetGuru
March 03, 2021
Over the years, we have been working closely with companies like Solarisbank, Moonfare, Paysafe, and many big European banks, and building an engaged community of experts, thought leaders, and great minds. Across the Disruption series of events and publications, they generously share their knowledge and experience on critical aspects of the industry to help others succeed. And Disruption Guide Fintech 2021 builds on that foundation.

Whether you’re a fintech startup looking for funding, a venture capitalist hunting down your next big opportunity, or an established player building on your success, this guide is designed to help you get ahead.

We've gathered insights and opinions from industry leaders to guide you through all aspects of the market. Get up to speed on everything from the fastest-growing startups and fintech unicorns to watch in 2021 to the technology and innovation trends shaping the industry.

In this guide, you’ll find expert insights, major trends, and essential data covering the fintech industry neatly divided into five categories: Money, Network, Insights, Technology, and Environment.

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Tags: FinTech

Innovating in a Crisis
Financial Times
September 28, 2020
The Covid-19 pandemic has forced
a rapid transformation of the UK
banking sector.
The crisis has affected almost every aspect
of operations, from employee productivity to
customer services. Banks have also been forced
to move fast to support large-scale government
lending schemes, and ensure they are adequately
prepared for a potentially lengthy recession.
However, amid the turmoil, some positives
have emerged. Banks have shown they can
surmount greater obstacles, act faster and be
more innovative than was widely perceived prior
to the pandemic. Many of the positive changes
made in 2020 seem likely to become permanent
improvements for employees and customers alike.
These were among the findings from a survey we
conducted to better understand how UK banks
were affected during the first half of 2020.

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Tags: FinTech, Innovation, Leadership

Covid crisis sparks innovation drive at UK banks
Finextra, Financial Times.
September 17, 2020
Covid crisis sparks innovation drive at UK banks

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Tags: Digital Disruption, FinTech, Innovation

Digital Transformation Post COVID-19 and the Role of Resilient Leader
Spotify
March 04, 2020
You are listening to QA talks, a podcast for quality assurance executives implementing digital transformation in their organizations. In this show, we focus on the unique pitfalls inherent in quality assurance and quality engineering and how these executives are navigating them to position their organization for the future. Let’s get into the show.

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Tags: Digital Transformation, Emerging Technology, Leadership

3 Miscellaneouss
Its time from Primary to Secondary (PSD2 to PSD3)
Linkedin
July 01, 2022
Its time from Primary to Secondary (PSD2 to PSD3)

Objectives of PSD2 have started to materialize. E.g. the security requirements, in particular Strong Customer Authentication (SCA), are having the desired effect of reducing fraud, thus contributing to the objectives of PSD2: improving the security of payment transactions and payments data and enhancing consumer protection. Yet, many issues should be addressed, and it recommends that the EU Commission revises the PSD2. Some of the potential reforms for PSD3.

Merging the PSD2 and the Electronic Money Directive;
Clarifying the application of strong customer authentication (SCA) and the transactions in scope;

Addressing new security risks for customers, such as social engineering fraud, where customers are tricked into initiating a payment transaction;

Addressing concerns about authentication approaches (e.g. based on smartphones) that have led to the exclusion of certain groups of society from using payment services online.

Addressing underlying issues and obstacles to the provision of payment initiation services (PIS) and account information services (AIS), including the proposals for:
- AIS providers apply their SCA with their customers instead of relying on the authentication procedures by banks.
- Empower customers to remain in control of their data.
- Support the development of high-quality interfaces across the EU.

Moving from 'Open banking' to 'Open finance' (or otherwise the expansion from access to payment accounts data towards access to other types of financial data) and the opportunities and potential challenges associated with it, based on the PSD2 experience.

Addressing the enforcement shortcomings concerning the implementation and application of SCA for e-commerce card-based transactions and removing obstacles to the provision of AIS and PIS.

Addressing unwarranted de-risking practices by banks affecting payment and e-money institutions.

Adjusting the prudential requirements, particularly concerning initial capital, own funds, professional indemnity insurance, the proposal for recovery and wind-down for significant payment institutions and possible consolidation group supervision.

Common API standard across the EU is on the cards; however, it will bring additional compliance costs, but the benefits outweigh them; standard API will reduce barriers for innovators.

#finance #payments #consumerprotection #banking #compliance
#openbanking #openfinance #api #singleapi

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Tags: Open Innovation, Startups, FinTech

Conference Chair - RegTech Africa
https://www.zawya.com/en/press-release/events-and-conferences/regtech-africa-conference-to-bolster-africas-role-in-the-global-economy-in-partnership-w
May 06, 2022

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Tags: FinTech, Entrepreneurship

Harvard Business Review - Advisor
https://hbr.org/
December 02, 2019
A member of the Harvard Business Review Advisory Council, an opt-in research community of business professionals. As an Advisor, will provide insight to shape the content HBR develops and enrich the understanding on ideas from HBR and the wider world of management and leadership.

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Tags: Entrepreneurship, FinTech, Leadership

3 Panels
Fintech Week London - How can technology answer the remaining questions in fintech
Fintech Week London
July 12, 2022
Leaders in the fintech industry joined us to discuss how technology can answer the remaining questions in fintech. They explored key technologies shaping the sector that could also have an impact on society as a whole. Join our panel moderated by Andrew Vorster (Innovation Catalyst) featuring Jacky Uys (Mambu), Chris Skinner (The Finanser and author), Genevieve  Leveille (CEO & Founder of  AgriLedger) and Ritesh Jain (Fintech Founder & Advisor)
To learn more about Erlang Solutions and how we can help fintechs scale and never fail visit www.erlang-solutions.com

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Tags: Blockchain, Entrepreneurship, FinTech

The Impact of Regulation on Digital Assets
CFTE
November 04, 2021
Digital assets like crypto and NFTs were valued at $1.95 tn in Aug'21, just a month later it reached $2.14 tn!

Join me as I unpack the regulatory impact of these emerging technologies in finance!

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Tags: Blockchain, Cryptocurrency, Leadership, NFT

Battling the rising tide of global payments fraud
Ecommerce Expo 2020
September 29, 2020

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Tags: Emerging Technology, FinTech, Leadership

1 Podcast
Fintech Startups: Opportunities and Risks
University of East London
January 24, 2023
I recently sat down for a podcast with Dr Iwa Salami, Director at UEL Centre of FinTech.

What should founders be aware of as they explore opportunities in the FinTech space?

00:00:40 - 00:02:00 - Introduction to UEL Fintech Centre

00:06:20 - 00:09:30 - Journey into Fintech Space

00:10:15 - 00:16:30 - Why did the FinTech industry attract so much interest, investment and growth in the last 10 -15 years (including the period of the 2008 - 2011 financial crisis )?

00:17:30 - 00:23:00 - Is this still the case now, and what are the opportunities for startups, particularly in the current global economic downturn | Fintech Investments, Fintech Winter

00:23:30 - 00:27:00 - What are the risks? Have these resulted in a decline/retreat among potential FinTech startups?
Covering - Regulatory & Compliances, Competition, People/Talent

00:28:00 - 00:38:00 - Are the risks different in Fintech as a segment?
Covering - Top-level risks, Business, Customer, Compliances and detailing out to specific segments

00:35:00 - You need to understand payments if you are getting into Fintechs

00:38:50 - 00:43:00 - UNSDG goals, Fintechs and synergies

00:43:30 - 00:47:40 - How do you see financial services in the metaverse?
RJ - Get to the foundational challenges first!

00:49:00 - 00:50:30 - Technology addressing financial inclusion, which traditional finance hasn’t resolved.
RJ - Financial Inclusion is not a financial services issue alone, and It’s a public policy challenge!

00:51:00 - 00:53:15 - Crypto Assets, Digital Stack, Indian Digital Stack, Financial Inclusion in India, Payments Infrastructure in India, Digital Public Infrastructure and Goods.

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Tags: Entrepreneurship, FinTech, Metaverse

2 Professors
Digital Academy
Central Bank of Egypt
January 30, 2023
The Innovator
Programme
By: Digital Academy

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Tags: FinTech, Innovation, Metaverse

Fintech, Payments, Open Banking Trends, Digital Public Infrastructure and Goods, Way Forward by Ritesh Jain
Masters Union
November 01, 2022
Masterclass at Masters Union

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Tags: FinTech

1 Speaking Engagement
Power Hour Panel - AI in Payments
Kinfos, AI In Payments - Americas
June 24, 2021

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Tags: Ecosystems, FinTech, Leadership

1 Training
Digital Payments Masterclass
CFTE
December 01, 2021

Build a foundational understanding of payments to level-up your fintech skills and become a digital payments expert
Discover the biggest trends and innovations in payment technologies today to stay ahead of the curve
Understand the reasons behind the growth in the payments industry to get a clear view of the global payments ecosystem
Get a 360-degree overview of payment methods used today to better understand real-world applications
Learn from an exclusive industry leader so that you have an insider view of the payments industry

Ritesh Jain
Co-founder, Infynit | Former CTO, HSBC

Ritesh is a Thought Leader, IT executive & Board Advisor with two decades of global experience in Digital Technology, Business Transformation, and Operations with fortune 500 companies like HSBC, VISA, Maersk to name a few. Ritesh is an expert in Payments, Banking & Financial Services, Regulatory – KYC/AML, Open Banking/ PSD2, high transaction platform and services, reduction in operational cost and optimisation.

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Tags: FinTech, Innovation, Leadership

1 Visiting Lecturer
Hult International Business School, London, UK
Hult International Business School
November 01, 2020
Multiple visiting engagements on Digital/ Change Management/ Entreprenuership

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Tags: Change Management, Digital Transformation, Entrepreneurship

2 Webinars
Digital Public Infrastructure - A new paradigm for public policy
Centre for Innovation in Public Policy
June 23, 2022
Centre for Innovation in Public Policy is delighted to host a talk by Sanjay Anandaram Ambassador - iSpirit and Co-Founder - NICEorg. He will speak on “Digital Public Infrastructure: a new paradigm for public policy.” He will also talk about culture entrepreneurship and the role of NICE in promoting it. Please share this invite with friends and colleagues interested in the subject

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Tags: Emerging Technology, GovTech, Leadership

Shufti Pro Exploring Digital Customer onboarding with Ritesh Jain
Shuftipro
May 03, 2021
Welcome to the IDV Show, a show which is designed to provide you with the fresh
insights from market leaders to expand your business growth.

In this episode of the IDV Show, Co-Founder of Infynit Ritesh Jain joined us to share his perspective on digital onboarding and KYC.

Ritesh Jain is a pioneering tech enthusiast, IT executive & Board Advisor, with an entrepreneurial spirit, seasoned with 19 years of global experience in Digital Technology, Business Transformation and Operations.

In this episode, we talked about current trends in KYC/AML compliance processes. We explored the importance of optimized customer onboarding processes and how it can be achieved with digital identity verification. And, among other things, we speculate on how advancements like biometrics and Artificial Intelligence can be successfully used within the Know Your Customer landscape.

Connect with Shufti Pro LinkedIn, Youtube, Facebook, Website

For any topic suggestions or guest, invitations drop an email at marketing@shuftipro.com

Connect with the host Giulia Baiutti on LinkedIn

Connect with Ritesh Jain Linkedin
Check out Shufti Pro:
www.shuftipro.com/

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Tags: Digital Disruption, Emerging Technology, Leadership

3 Webinars
Cutting mobile banking fraud with dynamic authentication and app security
Finextra, OneSpan
July 07, 2021
Aside from the pressure of rapid adaptation and process transformation that financial services firms have managed over the last year, the increase in sophistication and volume of fraud attacks has risen in equal measure.

Fraudsters have raised their own bar, utilising the best in technology and strategy to automate some of their processes, resulting in continual and targeted attacking of the mobile channel, in response to the global digital shift. The scale of attack is becoming larger as well, as the technology becomes cheaper.

The good news is banks can respond with equally if not more sophisticated measures, and are doing so. Strong authentication and risk monitoring are key, and what’s more, consumers are becoming wise to this and actively inviting it.

So it lies with banks to step up and compete in this race, because a race it is and will continue to be- fraudsters will always follow the money and evolve with the latest tools and technology.

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Tags: Digital Disruption, FinTech

Making Machine Learning for Fraud Detection work harder, and smarter
Finextra , ACI Worldwide
July 07, 2020
Digital payments offer better, faster experiences for customers – but there’s no avoiding the increased levels of associated risk for FIs.

When payments happen in real-time, the window for fraud detection is reduced to milliseconds while the likelihood of recovering fraudulent payments is far lower. Essentially, as payments get faster so too does fraud – and when it’s gone, it’s gone.

Join Finextra and fraud experts from ACI Worldwide for an in-depth look at increasing fraud detection through democratising machine learning and leveraging the power of shared intelligence.

In this webinar, the panel discusses:

The benefits of empowering non-specialists to build, test and deploy machine learning models for fraud detection – and the solutions that make this possible.
How shared intelligence increases the scope of data these models can access – and therefore increase their effectiveness – while enabling unprecedented collaboration.
How financial institutions can differentiate through smarter payments risk management strategies that improve the customer experience.

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Tags: Digital Disruption, FinTech, Leadership

How Banks in EMEA Can thrive amid economic uncertainty
Finextra, Mambu
July 02, 2020

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Tags: FinTech, Leadership, Management

4 Whitepapers
Digital Branchless Banking: A Revolution Awaits
Center for Innovation in Public Policy
September 01, 2021
The absence of innovation in India’s banking system is being blamed as one
of the causal factors holding up credit and, hence, slowing down the Indian
economy’s growth in recent years. Yet, away from the all-pervading
negativity, the new digital banking licenses will not only change the way
customers interact with banks but points towards a revolution that will
redefine India’s next-generation banking. For sure, most banks have started
offering some or all of their services to the customers digitally—the great
big leap that awaits is branchless banking.
By its very nature, digital banking does not require branches as the
customer is acquired and serviced online. This fundamentally changes the
incumbent business model of Indian banks. India’s banking regulations
have bank branches as their implementation focus; especially, targets
relating to priority sector lending and urban-rural branch ratio are all
branch based. Hence the natural inertia in dismantling the regulations to
allow branchless banking or digital banks to come. Ushering in digital
banks also poses a direct threat to the core of incumbent banks where the
largest cost is the branch and its employees.

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Tags: Digital Disruption, Digital Transformation, FinTech

The Future is Open
Arena International
June 01, 2021
The transition to open banking is a transition from the traditional, vertically integrated model of exclusive providers to one that offers choice. The force behind open banking is the massive shift in customer behaviour, digitisation, market concentration and growing fintechs, competitive landscape. The global pandemic has further accelerated this evolution by forcing entire segments of commerce and financial services to move online overnight.

Open Banking is a paradigm shift with two central pillars: data and a relatively old technology that has become mainstream: APIs.

However, the whole game of innovation evolves & revolves around the data. Fintechs/ challengers using the data in creative ways to build innovative products and services, whereas the challenge for incumbent banks lies in re-inventing themselves by transitioning to new business models by becoming a platform, distributor or producer.

New entrants bring innovation into the banking and payments ecosystem to enhance customer value proposition, pushing beyond financial value into social & ethical Finance and hope for financial inclusion.

Disruptors enrich revenue-generating business models, marketplaces, platforms, building partnerships based on data sharing and Open API's, fuelling collaboration, bringing economies of scale and beneficiary to overall ecosystem stakeholders. And this drive, diversity, and openness of open banking should be judged by the level of an unbiased open-minded approach towards fintech & tech players.

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Tags: Entrepreneurship, FinTech, Leadership

Fintech the future of financial services.
Corporate Investment Times.
February 25, 2021
“Pandemic – an unplanned social experiment will have a long-lasting impact on the financial services and how customers will perceive value in future.”

There has been an unprecedented jump from traditional service offerings to digital services due to the Coronavirus pandemic. Traditional banking services have already become out-dated before the pandemic hit. In the aftermath, digital services, contactless payments, virtual banking and cross-border transactions are quickly becoming the new normal.

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Tags: Digital Transformation, FinTech, Leadership

The Future of Digital Banks
The Global Banking and Finance
February 03, 2020
By Ritesh Jain, COO|CTO, Former Global Head of Delivery – Digital Tech Foundation, HSBC.

Digital transformation is what the global industry of all sectors are heading towards. The banking sector is nowhere behind in this race of transformation. It is time to bring a substantial change or get lost in the digital waves. In the coming decades, we will witness a much rapid change in the bank and customer alliance, and the coalition of different sectors with financial sectors and FinTech collaborations.

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Tags: Business Strategy, FinTech, Leadership

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2 Advisory Boards
Advisory Board Member for Fintech/ Financial Services/ Payments / Technology & IT services companies /Startup Accelerators / Private Equitty and Venture Capital

Location: United Kingdom, India    Date Available: March 31st, 2022     Fees: 12000

Submission Date: March 30th, 2022     Service Type: Service Offered

Board advisor for fintechs , financial services, IT service companies

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Advisory Board Member for Fintech/ Financial Services/ Payments / Technology & IT services companies /Startup Accelerators / Private Equitty and Venture Capital

Location: United Kingdom, India    Date Available: March 31st, 2022     Fees: 12000

Submission Date: March 30th, 2022     Service Type: Service Offered

Board advisor for fintechs , financial services, IT service companies

Respond to this opportunity

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