Rahul Matthan on AI, Privacy, and Digital Public Infrastructure
Ideas of India
Concerns and Criticisms of the Banking System
This chapter addresses concerns about the current incumbents of the banking system, including limitations on innovation and permissions, issues with crypto and decentralized blockchain systems, and the tightly controlled banking sector in India. It also discusses the lack of internal pressure to innovate and the potential future of the National Payments Corporation of India (NCPI).
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