Manthan- SEBI Ideathon
The Chairperson of SEBI, Madhabi Puri Buch has launched the ideathon ‘Manthan’, to promote innovations.
Overview:
- India is currently well-positioned to develop and use technology in the securities market sector so as to deliver customized solutions at minimal cost to every individual across the nation.
- The ideathon was launched after Buch highlighted that financial technology’s (FinTech) adoption in India’s securities market presents a huge opportunity for the stakeholders.
About Manthan
Manthan will be organized for a period of six-week. It is being organized by SEBI in collaboration with NSE, BSE, CDSL, NSDL, CAMS, KFintech, MCX, and LinkInTime.
This event will help in the creation of various innovative solutions as well as ideas that will revolve around the country’s securities market. The various workable ideas that will come out from Manthan might be upgraded into various prototypes and possibilities through a hackathon.
From 30th March to 14th May the interested persons can register for this ideathon on the website ‘https://manthan.devfolio.co’. Cash prizes worth Rs 5,00,000 will be handed out to the ideathon’s top ten winners.
Events that will be organized in the ideathon
In this ideathon there will be interactive knowledge-sharing sessions for all the registered participants. It will be organized through webinars so that submission of innovative ideas can be done easily.
FinTech’s help in financial inclusion
FinTech can help in increasing the country’s financial inclusion by making services cheaper, regularizing financial services, and making them available to the masses.
Also, Supervisory Technology (SupTech) and Regulatory Technology (RegTech) will help in the market’s effective regulation and will also lower compliance cost for the participants of the market.
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Month: Current Affairs - April, 2022
Category: Important Days & Events Current Affairs