Which institution organized the 'Fintech Open Summit' ?

Which institution organized the ‘Fintech Open Summit’ ?

[amp_mcq option1=”Reserve Bank of India” option2=”UIDAI” option3=”NITI Aayog” option4=”SEBI” correct=”option3″]

This question was previously asked in

UPSC SO-Steno – 2018

The ‘Fintech Open Summit’ was organized by NITI Aayog.

– The Fintech Open Summit is a collaborative initiative aimed at fostering an open and inclusive ecosystem for the Fintech industry in India.
– NITI Aayog, the government’s policy think tank, organized this event to bring together regulators, industry leaders, startups, and experts to discuss innovation and growth in the sector.
– NITI Aayog partnered with entities like PhonePe and Amazon Web Services (AWS) for the summit.

While RBI regulates the financial sector and SEBI regulates the securities market, and UIDAI deals with Aadhaar, the initiative to create a broad ‘open’ ecosystem and bring diverse stakeholders together for such a summit aligns well with NITI Aayog’s role in policy promotion, innovation, and cross-sector collaboration.

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