Fintech: The fintech industry needs to continuously work on security to maintain public trust: PM Modi Fintech: The fintech industry needs to continuously work on security to maintain public trust:

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Fintech: The fintech industry needs to continuously work on security to maintain public trust: PM Modi Fintech: The fintech industry needs to continuously work on security to maintain public trust:


Photo:PTI PM Modi

Highlights

  • “Innovation for inclusion is our mantra: Modi
  • Innovation in Fintech and Startup Sector has become a hallmark of India
  • The people associated with the fintech domain are well-versed

PM Narendra Modi on Tuesday said the fintech sector needs to work continuously on security to keep people’s trust. Modi, in his message at the ‘Global Fintech Fest’, said that this field is a testimony to how wonders can be realized when a government that promotes innovation and young and inventive minds come together. He said in the message, “Innovation for inclusion has been our mantra – the JAM trilogy revolutionized public distribution, UPI’s success in popularizing digital payments, and India’s identity as an innovation hub in the fintech and startup space. The JAM trilogy consists of Jan Dhan, Aadhar and Mobile.

need to work continuously

The Prime Minister’s message was read out by Kris Gopalakrishnan, Chairman, Global Fintech Fest (GFF) 2022 Advisory Board. Modi said that with a large unbanked population, we are reaching a state of banking for all and even now we are digitally equipped. It has been an unprecedented journey. “People in the fintech domain know very well that constant innovation is essential. There is a need to act swiftly and consistently to ensure safety and trust.

Building a Strong, Prosperous and Inclusive India

Modi said the fintech sector in India is inclusive and needs constant attention to empower the poorest of the poor by providing them quality financial services. He expressed confidence that the deliberations at the event will focus on how the FinTech sector can play a vital role in the ‘Elixir of Age’, thereby building a strong, prosperous and inclusive India.

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