Sebi Unveils “Manthan” Ideathon to Promote Innovation in Securities Markets



Sebi Chairman Madhabi Puri Buch said on Wednesday that India is well positioned to leverage technology in the securities market to provide ultra-low-cost customized solutions to individuals across the country, as it was launching an ideathon to promote innovation.

In launching the “Manthan” ideathon, Buch pointed out that the adoption of financial technology (FinTech) in the securities market presents significant opportunities for stakeholders.



Manthan is a six-week ideathon organized by Sebi in association with BSE, NSE, NSDL, CDSL, KFintech, CAMS, LinkInTime and MCX. It will facilitate the creation of a pool of ideas and innovative solutions around the securities market, according to a press release published by Sebi.

Actionable ideas emanating from Manthan, which was launched at a reception in Mumbai on Wednesday, could be translated into possibilities and prototypes through a hackathon.

Backed by a rich tradition of entrepreneurship and innovation, India is well positioned to leverage technology in the securities market, to provide ultra-low cost customized solutions to individuals, even in corners and corners of the country, Buch said.

According to the release, FinTech adoption can go a long way in democratizing financial services, making services cheaper and more accessible to the masses, thereby laying the cornerstone for financial inclusion. Similarly, Regulatory Technology (RegTech) and Oversight Technology (SupTech) provide opportunities to have effective market regulation while reducing the cost of compliance for market participants.

Buch said Manthan focuses on ideation and Sebi believes every idea is worth evaluating — participants are encouraged to bring out any idea, even ones that may not be immediately feasible.

Full-time Sebi members, executive directors, various Sebi committee members, and heads of Market Infrastructure Institutions (MIIs) and RTAs also attended the launch event. They also expressed optimism about the role that ideathons and hackathons can play in fostering innovation.

As part of the ideathon, interactive knowledge sharing sessions will be held for registered participants via webinars to facilitate the submission of innovative ideas.

The event is open for registration from March 30 to May 14 via ‘https://manthan.devfolio.co’. The top ten winners of the ideathon booth would receive cash prizes worth Rs 5,00,000.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Previous JBS exports rocked by global supply chain challenges
Next Asian stocks fall after Wall St snaps 4-day winning streak – Daily News