On Wednesday, Financial Services Secretary Vivek Joshi advised the fintech industry to collaborate closely with banks to create scalable and compliant solutions. Speaking at the FICCI-IBA PICUP Fintech Conference, Joshi highlighted India’s leading fintech adoption rate and urged fintechs to work directly with banks to address their specific challenges. He emphasized the need for a balance between innovation and regulatory compliance, pointing out issues like cybersecurity and digital fraud. For investors, this collaboration could enhance fintech’s role in lending and regulatory solutions.
