GSMC 2022: Focus on leveraging fintech in the Metaverse
The 2022 edition of the Global Strategic Management Conference (GSMC) was focused on FinTech in Metaverse: Challenges, Opportunities and Future Trends which describes the insights into the use of financial technology in the metaverse. The two-day conference was aimed at blending cross-cultural perspectives and diverse opinions from academics, businesses as well as government.
In its third year, the chief guest at the inaugural session was KC Jha, Advisor-Business Functions and Integration, GeM (Government e-Marketplace), Ministry of Commerce & Industry, Government of India. Jha emphasized how GeM incorporated financial technology to provide goods and services for common use with minimal human interface. The adviser also spoke about how technology is used for pricing, security and business initiatives in the public sector.
The opening session on Day 1 also had a panel discussion on “Unleashing the Power of FinTech” which included four professors from the US and one from South Korea, while moderated by Dr Shalini Gautam, Associate Professor, DMS and Dr Rashmi Chawla, Associate Professor, DMS .
The panel debate described how fintech has shown a significant increase in recent years, especially when it comes to the role of technology-based platforms in lending. In this context, P2P lending has gained increasing importance, with a large proportion of loans originating from P2P platforms instead of traditional banking channels. Like any business, technology plays a crucial role and innovations will be the heart and blood of the fintech industry in the future.
An online workshop on “Digital Payments in the Era of FinTech” was held during the two-day conference. Among the experts was Vaibhav Tambe, Co-Founder and CEO, TransBnk, who spoke about the growing trend of digital payments and how to ensure security while paying digitally.
The second day involved research paper presentations from academic researchers and people from industry. It started with Dr Shuchi Goel, Convenor, Global Strategic Management Conference 2022, presenting the report of the conference, the post which was a valedictory ceremony consisting of industry experts again from companies like Biz2Credit & Biz2X, Infoaxon Technologies and Gyandhan.
Industry experts spoke about the digital transformation in the FinTech era, along with how FinTech can be a solution in the education industry. GSMC 2022 concluded with Dr Rashmi Chawla, co-convenor, Global Strategic Management Conference 2022 giving a vote of thanks.
