The MBA has actively participated in the deliberations of the BoM Fintech Committee and its four working groups (on Regulation, Innovation, Talent, and Capital), which have met on a weekly basis in February. Some of the key proposals supported by the MBA include setting up coding bootcamps to rapidly build cohorts of programmers, enabling digital on-boarding of customers, simplifying the use of third-party technology, the creation of an innovation lab, and new funding mechanisms to support the development of Fintech. The Fintech Committee aims to produce a report which will set out a clear roadmap for the development of the Fintech sector.
