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Guardrails for growth: Fintech’s next big challenge of balancing innovation with prudent regulation at ET Soonicorns Summit 2024

Economic Times · 2m

The Global Fintech Fest (GFF) 2024 highlighted discussions on regulations and fraud in the fintech sector. The Indian fintech ecosystem is thriving and has become the third largest worldwide. The Economic Times (ET) will be hosting the ET Soonicorns Summit 2024 in Bengaluru on September 20, focusing on the balance between regulatory compliance and growth in fintech. The summit aims to provide insights into fundraising strategies and resilience in the startup ecosystem. The RBI Governor emphasized the need for collaboration between policymakers, regulators, and innovators and suggested the use of self-regulatory organizations (SROs) to navigate innovation and regulation. Prime Minister Narendra Modi praised the impact of fintech in India and encouraged steps to combat cyber fraud and enhance digital literacy. The Indian fintech sector is projected to expand further, with Tier 2 cities expected to drive growth.