The 2008 global financial meltdown is considered as the primary reason behind the revolution of FinTech. Financial technology revenues are projected to grow sixfold from $245 billion to $1.5 trillion by 2030, according to a new report released by Boston Consulting Group (BCG). The FinTech sector, which currently holds a 2% share of the $12.5 trillion in global financial services revenue, is estimated to grow up to 7%, of which banking FinTechs are expected to constitute almost 25% of all banking valuations worldwide by 2030. More than half the world's population remains unbanked or under banked, and technology continues to unlock unbanked and under banked people to access the financial and banking services in leaps and bounds.

At this juncture, the Department of Commerce (PG) has taken an endeavor to organize an International Conference on “Proliferation of Business & Commerce in the Light of FinTech: Growth, Opportunities & Challenges”. This International Conference aims to provide a comprehensive overview of FinTech's future landscape globally and explore the latest trends and opportunities in the global FinTech market. It also proposes to throw a light on the proliferation of business and commerce in general and finance, accounting, taxation and investment contexts in particular and provides a thought-provoking platform for academicians and practitioners to deliberate major issues, opportunities, trends, and challenges of business and commerce in the context of FinTech.