For a first, the India Today Smart Money Financial Summit, held in Mumbai on April 12, could not have had a more eminent galaxy of leaders and experts. They came from across the financial services spectrum—banking, mutual funds, insurance, stock markets and real estate. Delivering the keynote address, ‘Disruption as the new norm in financial services’, V. Vaidyanathan, MD & CEO, IDFC First Bank, elaborated on how new technologies such as generative AI, blockchain and hyper-personalisation are helping reach financial services to the common man. Digitisation, he said, can be used to create insights, which is one level above information. It is also cost-effective for banks and helps reduce paperwork. His bank, he said, found that it needed 28 pieces of paper for a microfinance loan of Rs 25,000-30,000. If…