Cordless Governance with Cards: Fintech Vs Regtech

Author(s) : Dr. G.V.Satya Sekhar
ISSN : 0974 - 497
Year : February 2019 | Volume : 13 | Issue : 1/4

Abstract: Digitalization of government transactions is a present phenomenon. Every citizen holds dozens of cards for cordless governance, cashless transactions and financial transparency. However, we found that issues like hackers, fraudulent online transactions, insufficiency of technological up-gradation hamper the fundamental objective of cordless transactions. Judiciary in India is also questioning the validity for "Aadhar Number (issued by Unique Identification Authority of India)" linking with all the transactions involved in the welfare of people.

In this context, this paper aimed to examine the status and challenges in achieving financial transparency through digital India.

Objectives:
1.To know the process of digitalisation of government services in India, and the impact of cordless governance with smart cards.

2.To identify research gap between "Fintech" and "RegTech" studies.


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