The vision for FinTech in Mumbai is to foster next-generation innovation that will enable financial empowerment and technological advancement across the entire financial services ecosystem to nurture globally competent FinTech firms. The aim is to bridge the gap between start-ups, financial Institutions, technology vendors, incubators, accelerators, and investors to accelerate deep technology innovation in the ecosystem.
Directorate of Information Technology (DIT) studied the best practices in the FinTech sector with a focus on government and regulatory support to formulate the FinTech policy. Based on the study and given the vast potential of FinTech in the banking, financial Services & industries sector, the Cabinet has approved the first ever FinTech State policy with a view to promote the FinTech sector in the State of Maharashtra. Click here for State Policy