The NITI Aayog – Government of India’s policy think tank – had organized a FinTech Conclave in March 2019. This invitation only event brought together thought-leaders from the industry for a day long workshop to help shape the narrative of India’s strategy and policy on FinTech, and included participation of senior officials from the Government, Banking and Market Regulators and industry leaders.
Following the Conclave, a select council of 30 members met in September to take stock of and make decisions on various recommendations emerging from the Conclave. These included deliberations and decisions on Inter-Regulatory Sandbox, comprehensive solutions for e-KYC challenges, MSME loan turnaround programs, regulatory frameworks around blockchain etc.
Avaana Capital was invited to and participated in this council.