Jignesh Shah-Led FTIL: An Idea That Changed The Indian Fintech Industry

In 1988, Jignesh Shah launched Financial Technologies (India) Limited, currently known as 63 Moons Technologies Limited, that crafted and designed numerous solutions for various other sectors. These solutions helped the other sectors to grow and develop over the years. Besides that, it helped in enriching the youth of India by proving millions of job opportunities across the country. Before the ‘Make in India’ campaign was launched by our Prime Minister Narendra Modi, it had already weaved an ecosystem where jobs were eco-friendly and of high standards. The founder of FTIL had a dream and that was to introduce a Public-Private Partnership (PPP) model to build world-class financial institutions and modern IP-centric financial markets to extend India’s reach. Further, he wanted new-generation markets and segments that are people-centric and have a comprehensive market structure. He knew that the only way he could achieve his dream was by being an entrepreneur. Hence, after working for some time at the Bombay Stock Exchange (BSE), he resigned and launched Financial Technologies (India) Limited that opened up various opportunities in the international market for India.

As time went by, FTIL offered solutions that resulted in tremendous development in other sectors, especially the banking sector. It developed many software that facilitated trading and settlement of Multi-Asset and Multi-Currency products. Further, they allowed exchanges to operate in both local and cross-border markets without any complication. The technology IP (Intellectual Property) it designed generated transparent and efficient next-generation financial markets and helped out various businesses. Additionally, FTIL introduced a highly versatile, scalable and robust system known as Exchange Technology Framework Product Suite (ETFPS) for covering each and every aspect from the trading to settlement in the exchange operations. ODIN is the flagship product of FTIL that turned out to be a tremendous success. It attained impossible results after capturing the second largest market share in the trading terminal segment. With the help of this application, one can trade in Multi-Exchanges, Multi-Segment Dealing Desk and Risk Management System. Various other features in advanced technology facilitated higher accessibility, ensured speedy performance, and provided advanced risk management.

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