World FinTech Day 2024 – August 1

Current Context: World FinTech Day 2024 took place on August 1. The theme for this year’s event was “Responsible AI: Inclusive and Resilient.”

• The Global Fintech Fest (GFF), organized by the Payments Council of India (PCI), the National Payments Corporation of India (NPCI), and the Fintech Convergence Council (FCC), hosted hundreds of sessions, including keynotes, panel discussions, and fireside chats.
• The GFF also featured fintech innovations, investment pitches, workshops, thought leadership reports, academic papers, and hackathons.
• Notably, the Global Fintech Awards (GFA) recognized exceptional initiatives in the fintech ecosystem by individuals and enterprises worldwide.

Question:

1 Who organized the Global Fintech Fest (GFF)?

• A) Reserve Bank of India (RBI) and Ministry of Finance
• B) Payments Council of India (PCI), National Payments Corporation of India (NPCI), and Fintech Convergence Council (FCC)
• C) Securities and Exchange Board of India (SEBI) and National Stock Exchange (NSE)
• D) World Bank and International Monetary Fund (IMF)

Answer: B) The Global Fintech Fest (GFF), organized by the Payments Council of India (PCI), the National Payments Corporation of India (NPCI), and the Fintech Convergence Council (FCC), hosted hundreds of sessions, including keynotes, panel discussions, and fireside chats.