'FinTech' under the spotlight at 'RCM' weekly meeting

RCM President Mr. Khalid Mukhtar, Incoming President Ms. Marjan Madara and several RCM members participated in the online meeting

'FinTech' under the spotlight at 'RCM' weekly meeting

Manama, Kingdom of Bahrain: The Rotary Club of Manama (RCM) recently held its weekly meeting, which hosted Mr. Narayanan Ganapathy, a Leading Financial Analyst, an Angel Investor and the Chief Executive Officer of Angivest Ventures. RCM President Mr. Khalid Mukhtar, Incoming President Ms. Marjan Madara and several RCM members participated in the online meeting.

The participants shared thoughts about the latest updates, trends and habits in the world of business and finances amidst the global outbreak of the novel Coronavirus (Covid-19) pandemic since the beginning of this year and the vast impacts it left on economies.

Mr. Ganapathy is a Chartered Financial Analyst, who has ample experience in banking and finances and had worked for leading financial institutions across the world, such as Deutsche Bank in London, and GFH Group and KPMG Corporate Finance in Bahrain, to mention a few.

In the meeting, Mr. Ganapathy presented a webinar titled "Fintech Trends – Yesterday, Today and Tomorrow", in which he spoke to the attendees about the different sides of Financial Technology (FinTech) and how it emerged as a crucial tool in economies around the world, especially this year, wherein the world fights to implement lockdowns, social distancing and anti-crowding measures to contain the spread of the deadly virus.  

"Amidst the challenging circumstances witnessed by the world in the past six months, it has been noticed that the reliance on smartphone applications and other software to complete all types of payment and transactions has remarkably hiked more than any time before," Mr. Ganapathy stated.

He elaborated further saying: "This has reflected positively on the FinTech sector, where we see FinTech companies and startups are nowadays growing and expanding their scope of work by offering more innovative products and services to the suddenly increased numbers of their clients, which include individuals, government entities, banks and other institutions." "We will sure witness more from this sector in the near future," Mr. Ganapathy added.

By the end of the meeting, RCM President expressed thanks and appreciation to Mr. Ganapathy for sharing valuable information and insights about the future of the global economy in general, and the FinTech sector in particular.

Founded in 1965, RCM consists of 58 members who have been actively participating and organising key community projects for the past five decades, with the aim of contributing towards societal needs. The Club forms part of Rotary International which is the world’s first service club organisation and includes over 1.2 million members.  

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