Fintech should work together with banks to develop scalable, regulatory compliant solutions: Financial Services Secretary Vivek Joshi

Financial Services Secretary Vivek Joshi urged greater cooperation between fintech firms and banks to create scalable, compliant solutions. Addressing the FICCI-IBA PICUP Fintech Conference, Joshi stressed the need for fintech to focus on governance, regulatory compliance, and cybersecurity. Banks should suggest problems, and fintechs provide solutions, especially in digital lending capacities for MSMEs.