As she launched an ideathon to promote innovation, Sebi Chairperson Madhabi Puri Buch said that India is ideally positioned to harness technology in the securities market to give bespoke solutions at a very low cost to individuals across the country.
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According to the press release, FinTech adoption can help democratise financial services by making them cheaper and more accessible to the general public, establishing the groundwork for financial inclusion. Similarly, Regulatory Technology (RegTech) and Supervisory Technology (SupTech) offer prospects for effective market regulation while minimising market participants’ compliance costs.
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