Maharashtra is going to be blockchain ready by January, 2020, said Shri S.V.R. Srinivas, IAS, Principal Secretary, Information Technology, Government of Maharashtra. Speaking at Financial Innovation in Practice organised by Indian Chamber of Commerce in Mumbai, Shri Srinivas said that the work is in progress to make the treasury system of the state based on blockchain. He further added that the Government is creating regulatory sandboxes for fintech. Maharashtra is the only state to have a formal Fintech Policy and Maharashtra Government actively encourages Fintech StartUps.
Shri Pramod Kumar Panda, Senior Program Director, CAFRAL, conveyed that along with innovation in financial products and services, regulation is also innovating in the form of sandboxes. Regulation is promoting innovation by enabling an environment and ecosystem conducive for new technology.
The session was followed by two MoU signing ceremony, one between Indian Chamber of Commerce and Barclays Bank and another between Indian Chamber of Commerce and WeWork.Mr Atanu Sen, Chairman, BFSI Committee, signed the MoUs on behalf of Indian Chamber of Commerce whileMs. Lincy Therattil, VP & Fintech Platform Lead, Barclays, Rise Mumbai on behalf of Barclays Bank and Mr. Vineet Singh, Head of Brand & Marketing WeWork, for WeWork.
Dignitaries present during the session were:
Shri S.V.R. Srinivas, IAS, Principal Secretary, Information Technology ,Government of Maharashtra, Mr Arijit Basu, MD (CCG & IT), State Bank of India, Shri Avneesh Pandey,Chief General Manager, Information Technology Department, Securities and Exchange Board of India, Shri Pramod Kumar Panda , Senior Program Director , CAFRAL, Mr Atanu Sen, Chairman, BFSI Committee, Indian Chamber of Commerce, Mr Ameya Prabhu, Co-Chair, Western Region, Indian Chamber of Commerce |