Finance Summit 2014 – Mobile Money: Next Wave of Financial Revolution


Finance Summit 2014
is an unique event that provides platform for discussions, deliberations. This year the theme was Mobile Money Services. The Summit started with Poster Presentation by the students from different Institutions, followed by the Panel Discussion at Swami Vivekananda Sabhagruha, MIT Kothrud, Pune.

AJS_1384

Inaugural Ceremony:

 Dr. Milind Pande, Project Director, MITSOT welcomed the Guest, Faculty Members & staff members. He highlighted and briefed on the various Innovations of MITSOT in the different verticals of Telecomm such as M-Education, M-Health, Road Safety, M-Agriculture, etc. The Introductory Remark was Mr. Ravindra Deshmukh, Managing Director, UPASS. The Key note address was given Mr. Vineet Mathur, Deputy Director General, Department of Telecommunications, Telecom Enforcement & Resources Monitoring (TERMs), Pune

Panel Discussion:

1) Panel Discussion on Connecting India with Bharat: A safe road Ahead 10th Oct 2014

AJS_1441

The panel members included the following

Mr. Ritesh Ramesh

Sr VP & Head,Direct Banking Channel

  Ratnakar Bank Limited

Mr. Ravindra Deshmukh

Managing Director,

UPASS

Mr. Kanchan Kulkarni

Regional Head – Rural & Inclusive Banking Grp

ICICI Bank

Mr. Sandeep Pimpale

Director

UPASS

They threw light on:

  • Concept of Cash / Money
  • Impact of Inflation on unproductive cash &  its implications on erosion of GDP
  • Need for Financial Literacy
  • Financial Inclusion Drive
  • Vision: less cash society

2) Panel Discussion on Branches to Handsets: Unleashing the Mobile Potential

AJS_1498

Mr. Hemant M Joshi – Panel Moderator

Telecom Leader India, & Partner,

Deloitte. Haskins & Sells

Mr. Indraneel Chatopadhyay

Head Airtel Money

Airtel

Mr. Sunil Deshpande

VP-Network and Service

Idea Cellular

Mr. Sandesh Nangare

Manager ( IT ) & Faculty

Bank of India

Mr. Rishi Kappal

Industry Specialist

The Issues discussed were:

  • Bank-led mobile banking model & its challenges
  • Mobile operators-led mobile banking model & Advantages & Challenges
  • Whether PMJDY (Prime Minister’s Jan Dhan Yojana) is a Success or Hype?
  • Success of M-pesa in Kenya & challenges in replication of the same in Indian context
  • Significance of IVR & USSD
  • Challenges in Setting up New branches
  • Emerging Trends like Machine to Machine Communication (M2M)

Winners of Finance Summit Poster competitions are as Follows:

Dr. Mahesh Deshpande, Director, MIT Pune and Prof. Shashank Divekar, ex-dean & Adjunct Faculty were the jury members.

AJS_1522

1) Winner Team (MITSOT) – VIKRANT SURYAKANT BHONGLE & PALAK SHRIVASTAV

2) First Runner-up Team (MITSOT)- AQUIB QURESHI & AAKANKSHA MALGE

3) Second Runner-up (MITSOM)- BANGI AFSHA

The Summit concluded with the launch of Cashless Campus Card. Dr. Jaideep Jadhav, Head- Academics expressed the vote of thanks.

Photo Gallery