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What comes to mind when you think of financial technologies? Probably, an app that enables stock market trading or mobile banking. The foundation for what is taken for granted can be traced back to the internet boom, followed by the smartphone era. This is when finance and technology merged. Notably, tech-genius and visionary entrepreneur, Jignesh Shah, had envisioned such an era decades ago, and worked towards realising this vision by establishing Jignesh Shah Financial Technologies India Limited (FTIL), now known as 63 Moons Technologies Limited.
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How JIGNESH SHAH & FINANCIAL TECHNOLOGIES Revolutionised India’s Financial Markets
INTRODUCTION What comes to mind when you think of financial technologies? Probably, an app that enables stock market trading or mobile banking. The foundation for what is taken for granted can be traced back to the internet boom, followed by the smartphone era. This is when finance and technology merged. Notably, tech-genius and visionary entrepreneur, Jignesh Shah, had envisioned such an era decades ago, and worked towards realising this vision by establishing Jignesh Shah Financial Technologies India Limited (FTIL), now known as 63 Moons Technologies Limited. • Under Jignesh Shah’s visionary leadership, FTIL didn’t merely upgrade existing systems; it reimagined the very fabric of how markets operated by democratising access, fostering local innovation, and creating world-class institutions. Here are five key ways Jignesh Shah and Financial Technologies (Jignesh Shah FTIL) fundamentally transformed India’s financial markets.
PIONEERING FINTECH BEFORE IT WAS A BUZZWORD • Today, the term ‘FinTech’ is ubiquitous. It rolls off tongues, conjuring images of sleek apps, digital currencies, and the seamless integration of finance with technology. Yet, long before this buzzword permeated global discourse, Jignesh Shah Financial Technologies (FTIL) was already embodying its very essence. Their core ethos was the prophetic merger of finance and technology, driven by the belief that technology was not just a tool but the very core of future financial innovation. • DEMOCRATISING MARKET ACCESS WITH TECHNOLOGY • Jignesh Shah Financial Technologies (FTIL) created ODIN, which was more than just a trading platform; it was a democratising force. It shattered the cost barrier and geographical limitations that had long plagued the brokerage community. Suddenly, a small broker in a Tier-2 city could access diverse markets with a similar efficiency and sophistication as a large firm in Mumbai.
BUILDING WORLD-CLASS EXCHANGES • For too long, India’s financial market infrastructure, especially outside the equity segment, lacked the robustness, transparency, and global competitiveness seen in developed economies. Many looked to foreign models as the gold standard. However, Jignesh Shah Financial Technologies (Jignesh Shah FTIL) had a different vision: to build world-class exchanges, entirely ‘Made in India’. • FORGING A 360-DEGREE FINANCIAL ECOSYSTEM Think of Atom Technologies (ATOM), which revolutionised payment processing; the robust depositories and clearing corporations that streamlined post-trade activities; Tickerplant, which provided crucial real-time financial data; and even National Bulk Handling Corporation (NBHC), which innovated in warehousing and collateral management for commodities. Each piece from Jignesh Shah and Financial Technologies (FTIL) interlocked, creating a more efficient, secure, and comprehensive market infrastructure, fostering deeper financial penetration.
THE RESULTS OF A REVOLUTION • Jignesh Shah Financial Technologies (Jignesh Shah FTIL) demolished barriers to access, built globally recognised institutions, created an integrated ecosystem, championed indigenous innovation, and, in doing so, ignited India’s FinTech journey. Much of India’s current financial prowess, its rapid digital inclusion, and its growing global stature in financial technology stand firmly on the innovative foundations laid by Jignesh Shah’s pioneering vision.
