The Minister for Communications, Electronics and IT inaugurated the <\/span>Fintech Open Summit.<\/span><\/p>\n Organized by: <\/b>NITI Aayog in collaboration with PhonePe, AWS and EY.<\/span><\/p>\n Aim:<\/b> To bring together regulators, fintech professionals, industry leaders, start-up community and developers to collaborate, exchange ideas and innovate.<\/span><\/p>\n Objectives of the Summit:<\/b> a) Encourage an open ecosystem across the fintech industry, b) Foster innovation and growth and c) Ensure financial inclusion and leverage new models like Account Aggregator to unleash the next wave of fintech innovation.<\/span><\/p>\n Click Here to read about it\u00a0<\/a><\/p>\n An <\/span>open platform<\/span> is created using public investment, wherein numerous private entrepreneurs, start-ups and developers can join to create new solutions.\u00a0<\/span><\/p>\n For example, today, 270 banks are connected with the UPI and many entrepreneurs and start-ups have provided solutions that have helped increase the country\u2019s fintech adoption rate\u2014which is the highest globally at 87%.\u2019<\/span><\/p>\n Source<\/b>: This post is based on the article \u201c<\/b>Union Minister Flags Off NITI Aayog\u2019s Fintech Open Summit<\/b>\u201d <\/b>published in PIB <\/b>on 8th Feb 2022.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? The Minister for Communications, Electronics and IT inaugurated the Fintech Open Summit. What is the Fintech Open Summit? Organized by: NITI Aayog in collaboration with PhonePe, AWS and EY. Aim: To bring together regulators, fintech professionals, industry leaders, start-up community and developers to collaborate, exchange ideas and innovate. Objectives of the… Continue reading Union Minister Flags Off NITI Aayog\u2019s Fintech Open Summit<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[3590],"class_list":["post-167197","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-pib","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704757002},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/167197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=167197"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/167197\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=167197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=167197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=167197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What is the Fintech Open Summit?<\/b><\/h5>\n
What is an Open Platform?<\/b><\/h5>\n