Fintech and the changing financial landscape
· Shaktikanta Das, Governor of the Reserve Bank of India (India)
Summary written by Dark Majestic in its own words · topics: financial stability, payments, digital money and crypto-assets, growth, investment and productivity, technology, ai and cyber risk
SD · Shaktikanta Das Wiki · Reserve Bank of India WikiFintech and the changing financial landscapeContextKeynote address by Shaktikanta Das, Governor of the Reserve Bank of India, at the Global Fintech Festival, Mumbai, 6 September 2023.
Why it mattersDas presents sandboxes and offline digital payments for an inclusive system.
Problems raised- Fintech changes the financial landscape rapidly.
- Poor connectivity limits digital payments in some areas.
- Innovation brings new risks.
Solutions proposed- Use regulatory sandboxes to test innovation.
- Enable offline small-value digital payments.
- Build an inclusive, resilient financial system.
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