The government has set up an inter-ministerial-industry committee on fintech (IMICF) to address regulatory concerns and long-term strategy for the financial technology sector , which will be chaired by the secretary of the department of financial services (DFS).

• The committee will focus on how fintech has influenced the broader banking and financial services industry, identify obstacles that hinder growth, and analyse global best practices in governance and regulation, said the order issued on March 17. 
• The committee will bring together senior officials from key government departments, including the ministry of electronics and information technology (MeitY), the department for promotion of industry and internal trade (DPIIT), the department of economic affairs, and NITI Aayog, said the order.
• The committee will submit its report within three months from the date of its first meeting.