{"id":223508,"date":"2020-01-10T11:30:41","date_gmt":"2020-01-10T06:00:41","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=223508"},"modified":"2020-01-10T11:34:43","modified_gmt":"2020-01-10T06:04:43","slug":"symposium-on-nbfcs-fintechs-in-india-the-road-travelled-way-forward-session-2","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/10\/symposium-on-nbfcs-fintechs-in-india-the-road-travelled-way-forward-session-2\/","title":{"rendered":"Symposium on \u2018NBFCs &#038; FinTechs in India: The Road Travelled &#038; Way Forward\u2019 | Session 2"},"content":{"rendered":"<h4 style=\"text-align: center;\"><span style=\"color: #008000;\"><strong>Session 2: Potential of FinTechs as a New Age Financial Institution<\/strong><\/span><\/h4>\n<p style=\"text-align: justify;\"><strong>[L-R \u2013Mr. Vaibhav Anand; Mr. Vivek Singla; Dr. Aruna Sharma; Mr. Arvind G.; Mr. Milan Dolansky]<\/strong><\/p>\n<p style=\"text-align: justify;\">FinTech has been changing the game of digital banking in India, making banking and related services increasingly accessible to everyone. Their key function is to provide technical support to already existing financial systems. However, in recent times these entities have been seen indulging in backward integration and obtaining licenses to operate as NBFCs. Even globally, the investment in FinTech is increasing at a good speed, which provides them financial banking to carry out the activities of the bank. Their business models are so diverse that the RBI has set up sandbox to study them in cohorts. They discussed the extent to which Fintech needs regulation, their potential for the growth of the banking sector in India and how they can best contribute to making banking services more inclusive.<\/p>\n<div style=\"width: 1346px;\" class=\"wp-video\"><!--[if lt IE 9]><script>document.createElement('video');<\/script><![endif]-->\n<video class=\"wp-video-shortcode\" id=\"video-223508-1\" width=\"1346\" height=\"757\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"https:\/\/blog.scconline.com\/wp-content\/uploads\/2019\/12\/MilanDolansky.mp4?_=1\" \/><a href=\"https:\/\/blog.scconline.com\/wp-content\/uploads\/2019\/12\/MilanDolansky.mp4\">https:\/\/blog.scconline.com\/wp-content\/uploads\/2019\/12\/MilanDolansky.mp4<\/a><\/video><\/div>\n<div style=\"width: 1346px;\" class=\"wp-video\"><video class=\"wp-video-shortcode\" id=\"video-223508-2\" width=\"1346\" height=\"757\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"https:\/\/blog.scconline.com\/wp-content\/uploads\/2019\/12\/Mr.ArvindG.mp4?_=2\" \/><a href=\"https:\/\/blog.scconline.com\/wp-content\/uploads\/2019\/12\/Mr.ArvindG.mp4\">https:\/\/blog.scconline.com\/wp-content\/uploads\/2019\/12\/Mr.ArvindG.mp4<\/a><\/video><\/div>\n<div style=\"width: 1346px;\" class=\"wp-video\"><video class=\"wp-video-shortcode\" id=\"video-223508-3\" width=\"1346\" height=\"757\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"https:\/\/blog.scconline.com\/wp-content\/uploads\/2019\/12\/MrVaibhavAnand.mp4?_=3\" \/><a href=\"https:\/\/blog.scconline.com\/wp-content\/uploads\/2019\/12\/MrVaibhavAnand.mp4\">https:\/\/blog.scconline.com\/wp-content\/uploads\/2019\/12\/MrVaibhavAnand.mp4<\/a><\/video><\/div>\n<div style=\"width: 1346px;\" class=\"wp-video\"><video class=\"wp-video-shortcode\" id=\"video-223508-4\" width=\"1346\" height=\"757\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"https:\/\/blog.scconline.com\/wp-content\/uploads\/2019\/12\/VivekSingla.mp4?_=4\" \/><a href=\"https:\/\/blog.scconline.com\/wp-content\/uploads\/2019\/12\/VivekSingla.mp4\">https:\/\/blog.scconline.com\/wp-content\/uploads\/2019\/12\/VivekSingla.mp4<\/a><\/video><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Session 2: Potential of FinTechs as a New Age Financial Institution [L-R \u2013Mr. Vaibhav Anand; Mr. Vivek Singla; Dr. Aruna Sharma; Mr. <\/p>\n","protected":false},"author":8808,"featured_media":223489,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1191],"tags":[38974,37092],"class_list":["post-223508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-op-ed","tag-fintechs","tag-nbfcs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Symposium on \u2018NBFCs &amp; FinTechs in India: The Road Travelled &amp; Way Forward\u2019 | Session 2 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/10\/symposium-on-nbfcs-fintechs-in-india-the-road-travelled-way-forward-session-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Symposium on \u2018NBFCs &amp; 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FinTechs in India: The Road Travelled &#038; Way Forward\u2019 | Session 3","author":"Bhumika Indulia","date":"January 11, 2020","format":false,"excerpt":"Session 3: Conflict Resolution in the NBFC and FinTech Sector [L-R \u2013 Ms. Kritika Krishnamurthy; Mr. Sameer Karekatte; Mr. P K Malhotra; Mr. Ashok Barat] Owing to recent scams that have been uncovered, the regulatory supervision of NBFCs has been tightened. At the same time, there is a need for\u2026","rel":"","context":"In &quot;Op Eds&quot;","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":223490,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/09\/symposium-on-nbfcs-fintechs-in-india-the-road-travelled-way-forward-session-1\/","url_meta":{"origin":223508,"position":1},"title":"Symposium on \u2018NBFCs &#038; FinTechs in India: The Road Travelled &#038; Way Forward\u2019 | Session 1","author":"Bhumika Indulia","date":"January 9, 2020","format":false,"excerpt":"Session 1 - Can NBFCs fulfill India\u2019s Financial Inclusion goals? [L-R \u2013 Mr Marko Carevic; Col. Sarpreet Benipal; Mr Mahesh Thakkar; Mr Sanjeev Goel] Financial Inclusion is an important agenda for Reserve Bank of India and Government of India. The National Strategy for Financial Inclusion 2019-24 has also been prepared.\u2026","rel":"","context":"In &quot;OP. ED.&quot;","block_context":{"text":"OP. ED.","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":225086,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/02\/07\/the-road-that-needs-to-be-paved-for-central-kyc-in-india-part-i\/","url_meta":{"origin":223508,"position":2},"title":"The Road that Needs to be Paved for Central &#8211; KYC in India (Part-I)","author":"Bhumika Indulia","date":"February 7, 2020","format":false,"excerpt":"(Anuroop Omkar, Director, Bridge Policy Think Tank and Aditi Jha, Consultant, Bridge Policy Think Tank) The idea for this write-up finds its inception from the discussion at the Panel Discussion at the Symposium on \u2018NBFCs & FinTechs in India: The Road Travelled: Way Forward\u2019 held in New Delhi on 19\u2026","rel":"","context":"In &quot;Op Eds&quot;","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":225091,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/02\/07\/indian-data-protection-regime-the-future-of-fintechs-in-india\/","url_meta":{"origin":223508,"position":3},"title":"Indian Data Protection Regime &#038; the Future of Fintechs in India","author":"Bhumika Indulia","date":"February 7, 2020","format":false,"excerpt":"(Kritika Krishnamurthy, Director, Bridge Policy Think Tank and Aashrit Verma, Consultant, Bridge Policy Think Tank) The FinTech industry has grown out of strengthening of linkages between the financial services sector and the technology sector. With a surge of accessibility due to technological support, there is a considerable leap in progress\u2026","rel":"","context":"In &quot;Op Eds&quot;","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/12\/BANNER-3.jpg?resize=1050%2C600&ssl=1 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