SEBI launches “Manthan”- ideathon to promote innovation

PR No.9/2022, Dated: 30.03.2022

Ms. Madhabi Puri Buch, Chairperson, SEBI launched “Manthan” – SEBI Ideathon, highlighting that adoption of Financial Technology (FinTech) in the securities market will promote significant opportunities for stakeholders. Manthan is a 6-week long Ideathon by SEBI in association with BSE, NSE, NSDL, CDSL, KFintech, CAMS, LinkInTime & MCX to promote innovation in the securities market. Manthan will facilitate the creation of a pool of ideas &innovative solutions revolving the securities market.

As part of the Ideathon, interactive knowledge-sharing sessions will be organized for registered participants through webinars to facilitate the submission of strong and truly innovative ideas. The top 10 winners of the Ideathon stand to win cash prizes worth a total of Rs. 5,00,000/-. The event is open for registration from March 30, 2022, to May 14, 2022. All interested participants are invited to register at https://manthan.devfolio.co/

SEBI has already facilitated the market and innovators to explore new ideas through the sandbox framework, which provides access to various test environments. Ideathon is another step in this direction. Ms. Buch stated that the focus of Manthan is on ideation, that SEBI believes that every single idea is worth evaluating – participants are encouraged to bring out any idea, even those which may not be achievable immediately.

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