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The buzz around FinTech has gained the substantial attention of traditional financial institutions, start-ups, venture capitalists, and regulators. Banks and regulators are hard pressed to revisit their operating model and policies respectively to create a conducive environment of collaboration and dynamism amidst the participants in the FinTech ecosystem.
With KPMG and NASSCOM’s 10000 start-ups experience and proficiency in the sector, the report offers a thorough view of global FinTech hubs and themes, thereby drawing key learnings, addressing opportunities and challenges for India to propel the much-needed growth of the FinTech sector.
While the former head, strategy, and operation consulting at KPMG, Sukumar has associated XinFin as a Senior Advisor and would be playing a role as consultant unscrambling the hybrid blockchain for business users and will be directly responsible for connecting the technology with industrial usage, therefore, demystifying the underlying advantages to create concrete awareness.
With his wide range of experience, the veteran would be strategizing the business implementation by enabling clients to integrate blockchain in their current industrial use case and providing a required management support for comprehensive amalgamation, therefore, driving profitable growth.
XinFin has developed a hybrid blockchain technology constituting the best features of private and public blockchains known as XDC protocol. This protocol supports smart contracts over digital assets, cryptocurrency, and industrial applications. Some of the prime business use cases developed by XinFin’s team are wallets, financial applications for cross-border payment, remittance sale etc.
The enthusiast Sukumar mentioned, “Blockchain holds huge potential to disrupt multiple industries by improvising business processes as a mediator, I will connect the two parallels of blockchain and business. XinFin comprises of a dynamic young team focused on developing a revolutionary technology hence, it’s a great opportunity for me to be a part of this revolution.”
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