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Visakhapatnam: Andhra Pradesh Chief Minister N Chandrababu Naidu said that fintech would be the first step of the State government in joining the fourth industrial revolution. Naidu chairs The Fintech Valley Forum setup to focus on various aspects of the ecosystem creation. 

AP government organised its maiden two-day initiative ‘#SpringConference- 2017’ held here during March 9-10 and recorded a participation of 300 delegates from the domestic and global
industry.

Naidu interacted with the delegates for an hour over video conference and took inputs from fintech community at the Spring Conference. 

While addressing the gathering, Naidu said: “The Fintech Valley Spring Conference is our step in joining the fourth industrial revolution, which is a spectacular combination of technology and
Internet of Things (IoT).

In recent times, technology has started influencing our lives in a comprehensive manner. The demand for fintech is growing by the day. To meet this demand, we would need the support from
fintech and cyber security companies.

We also need the academic institutions to adapt curriculum that trains individuals to contribute to fintech sector. 

I extend my best wishes for the success of the initiative and hope it provides multiple opportunities to meet the futuristic requirements of our country and the global economy at large.”

JA Chowdary, special chief secretary and IT advisor to the AP government, said, “this two -day conference was a success in encouraging the spirit of the fintectonic culture. We intend to build on
this momentum and leverage it to generate employment that meets new demands of the global economy.”

Balasubramaniam, CEO, E-Pragati, led an informative workshop on e-governance and sandbox opportunities with the government. Addressing the gathering over video conference, J
Satyanarayana, UIDAI chairperson and former IT secretary, adds: 

Though our current ecosystem is well established having our welfare programs linked to Aadhar, we are trying to expand our current portfolio consisting of 72 projects.

The Andhra Pradesh – E-pragati portfolio is a strong foundation for fintech and I am convinced that Vizag will vibrate with the fintech mantra in the months to come.”

The AP chief minister’s vision is to create five lakh jobs in the state by 2020 through technology-enabled services. The recently established Fintech Valley will be a backbone for for start-ups and
innovators.