India, May 1 -- The government held discussions with fintechs and law enforcement agencies on ways to foster strong collaboration and mitigate critical challenges like cybersecurity and digital financial fraud.

Held by the finance ministry, the workshop included key issues, including leveraging of technology to enhance access to financial services, tactics for combating money mules, real-time surveillance of data breaches, geotagging digital transactions to trace money trails, establishment of a suspicious registry for banking correspondents, frequent audits of digital KYC procedures, safeguarding data privacy and the modernisation of digital infrastructure through advancements such as IPv6 and API integration.

During the workshop, DFS ...