Welcome to the latest episode of Couchonomics with your host, Arjun. In this episode, we sit down with Pat Patel, Executive Director of Elevandi, an esteemed thought leader in the FinTech ecosystem, who takes us on a deep dive into the dynamic world of financial technology, its potential, and how we can harness its power to drive economic growth across borders.

Elevandi is a company initiated by the Monetary Authority of Singapore (MAS) with a mission to foster dialogue between the public and private sectors to promote the growth of FinTech in the digital economy. Pat has a profound experience in building collaborative fintech ecosystems across South Asia, Africa, and Europe, and has previously led Money20/20's growth into Europe, Singapore, and China.

Pat provides valuable insights into the role of Elevandi in bridging the gap between policymakers, regulators, and innovators in the FinTech world. He sheds light on the necessity of updating risk frameworks to suit the ever-evolving digital landscape. Patel also shares his perspective on the significant potential India holds, especially with the upcoming G20 summit.

 

The discussion with Patel led us to other topics, such as:

- The promising development of FinTech ecosystems in Africa, specifically Rwanda's burgeoning scene and its collaboration with KIFC.

- The importance of building digital public goods for the advancement of a digital economy

- The global shift from experimenting with fintech to implementing it

- The role of technology in reaching out to underserved communities.

 

In this engaging discussion, Pat Patel provides a comprehensive outlook on the future of FinTech, the challenges, and opportunities it brings, and how companies and nations can collaborate to leverage its potential. This episode is a must-watch for anyone interested in the intricate dynamics of the fintech ecosystem and its impact on global and local markets. So, make sure to tune in and equip yourself with the knowledge to navigate the exciting world of FinTech!

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