CII Finnovation – Driving Next-Gen Digital Cash Management

FLO Chennai, under the leadership of Chairperson Dr. Divya Abhishek, participated in a significant panel discussion on the future of AI-driven robo investors and the evolving landscape of financial advisory in India. Around 150 participants attended the event, including notable figures from the financial and technology sectors.

Ms. Vandana Rangarajan from FLO Chennai actively participated in the panel discussion, where they discussed trends in digitalization specific to the financial industry. The event explored how artificial intelligence is transforming financial services, with a hybrid model where AI handles routine tasks such as portfolio management and data analysis, while human advisors focus on more complex strategies and relationship management.

Noteworthy statistics shared during the event emphasized the rapid growth of the financial sector in India. India is expected to be the second-largest market for smartphones by 2030, with a projected market value of $90 billion. The credit card industry in India has issued approximately 100 million cards, similar in size to the population of Vietnam. Additionally, the mutual fund industry has crossed Rs 68 lakh crore in assets under management (AUM), with 50% of new investors now emerging from smaller cities, also known as B-30 cities.

The panel discussed several key trends in the digitalization of the financial industry, including the rise of robo-advisors, the growing popularity of demat accounts, the increasing inflow into equity markets, the changing savings composition of households, and the role of cryptocurrency.