{"id":11152,"date":"2024-06-14T14:56:32","date_gmt":"2024-06-14T14:56:32","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=11152"},"modified":"2024-06-14T14:56:32","modified_gmt":"2024-06-14T14:56:32","slug":"karnataka-sets-up-task-group-for-fintech-growth","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/karnataka-sets-up-task-group-for-fintech-growth\/","title":{"rendered":"Karnataka sets up task group for fintech growth"},"content":{"rendered":"<p>TheKarnatakaDigital <a href=\"https:\/\/exam.pscnotes.com\/economy\">economy<\/a> Mission (KDEM) in <a href=\"https:\/\/exam.pscnotes.com\/partnership\">PARTNERSHIP<\/a> with Indias top financial technology companies has launched afintechtask group under the <a href=\"https:\/\/exam.pscnotes.com\/leadership\">Leadership<\/a> of RazorPay founder and <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> CEO Harshil Mathur. The task group will work towards creating a projected roadmap for the <a href=\"https:\/\/exam.pscnotes.com\/growth\">Growth<\/a> of the , identifying the opportunities and challenges faced by the fintech ecosystem, and leveraging the partnering institutions and government to solve for them.B V Naidu, chairman, KDEM said, India has emerged as one of the worlds fastest-growing tech innovation hubs in the world, with fintech leading the charge as the industry <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> has raised close to $10 billion in <a href=\"https:\/\/exam.pscnotes.com\/investment\">Investment<\/a>. Indias <a href=\"https:\/\/exam.pscnotes.com\/financial-inclusion\">Financial Inclusion<\/a> and digitisation success story has been made possible by the combined efforts of the government as well as tech innovations, fundamentally disrupting the way masses access financial <a href=\"https:\/\/exam.pscnotes.com\/services\">Services<\/a>.<\/p>\n<p>Taking a cue from this, KDEM launched the first Karnataka Fintech Task group, bringing together industry leaders to further pave the way for future innovations, founders, and citizens to participate in Indias fintech success story.Reports by FICCI and BCG (Boston Consulting Group) suggest that the Indian fintech sector will attain a valuation of $150-$160 billion by 2025. Karnataka is <a href=\"https:\/\/exam.pscnotes.com\/home\">Home<\/a> to Indias leading fintech companies like Razorpay,Zerodha, Khatabook, and Cred. These companies are tackling issues ranging from digital payments adoption to offering efficient neo-<a href=\"https:\/\/exam.pscnotes.com\/banking\">Banking<\/a> <a href=\"https:\/\/exam.pscnotes.com\/solutions\">solutions<\/a>, investment avenues, access to easy credit. Apart from Mathur, the task group comprises Timmanna Gouda of Whatsloan, Miten Sampat of Cred and Nithin Kamath of Zerodha, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TheKarnatakaDigital economy Mission (KDEM) in PARTNERSHIP with Indias top financial technology companies has launched afintechtask group under the Leadership of RazorPay founder and CEO Harshil Mathur. The task group will work towards creating a projected roadmap for the Growth of the , identifying the opportunities and challenges faced by the fintech ecosystem, and leveraging the &#8230; <a title=\"Karnataka sets up task group for fintech growth\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/karnataka-sets-up-task-group-for-fintech-growth\/\">Read more <span class=\"screen-reader-text\">Karnataka sets up task group for fintech growth<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1098],"tags":[907],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Karnataka sets up task group for fintech growth - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/karnataka-sets-up-task-group-for-fintech-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Karnataka sets up task group for fintech growth\" \/>\n<meta property=\"og:description\" content=\"TheKarnatakaDigital economy Mission (KDEM) in PARTNERSHIP with Indias top financial technology companies has launched afintechtask group under the Leadership of RazorPay founder and CEO Harshil Mathur. The task group will work towards creating a projected roadmap for the Growth of the , identifying the opportunities and challenges faced by the fintech ecosystem, and leveraging the ... 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The task group will work towards creating a projected roadmap for the Growth of the , identifying the opportunities and challenges faced by the fintech ecosystem, and leveraging the ... 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