India’s Ministry of Finance recently published the findings of the Steering Committee on Fintech Related Issues, established in 2018 to take stock of developments in the financial technology (fintech) space globally and in India, study the existing regulatory climate, identify areas to leverage fintech in governance and financial services, and suggest institutional regulatory upgrades to enable innovations. The Committee’s report, released September 2nd, outlines the current landscape for fintech in India and internationally, identifies key industry development issues and potential for growth, and provides recommendations for actions the government and industry can take.

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