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FINTECH IN INDIA: UNDERSTANDING THE REGULATORY SIDE OF THE NEXT BIG WAVE
Wednesday, April 24, 2019
1:00 pm - 2:00 pm
Nishith Desai Associates/USIBC Webinar
The FinTech sector in India is growing exponentially, and is estimated to reach $73 billion in transaction value by next year. Today, over 560 million Indians are online and 1200+ FinTech firms are operating across India to serve them. There is no question about the enormous potential for future growth in India’s FinTech sector.
Regulators are also taking notice. The Reserve Bank of India recently announced that it is aiming to provide guidelines for a FinTech regulatory sandbox by May 2019. The Insurance Regulatory and Development Authority of India’s expert committee recommended a similar regulatory sandbox. The Securities and Exchange Board of India recently announced guidelines for the use of artificial intelligence and machine learning (AI/ML) on trading platforms. New laws on payment systems and privacy are also in the works.
Nishith Desai Associates is closely tracking the rise of a host of new business models, as well as a variety of associated regulatory issues. Will these regulations fuel or stifle FinTech innovations? Is there a way for Indian entrepreneurs to crowdsource funds? How are robo-advisors regulated? What is the latest on Aadhaar (the unique biometric-based identification system covering over 1 billion Indians) and on-demand electronic Know Your Customer (eKYC)? Are blockchain-based models still feasible despite the regulatory restrictions on virtual currencies?
This webinar will address these and other important issues that are top-of-mind for companies and investors operating in or looking to enter the FinTech sector in India.
For more information or to register: http://www.nishithdesai.in/Registration/Apr2419/ereg1.aspx