A high-level panel on fintech has made wide ranging recommendations in its report - for development of a marketplace model for peer-to-peer (P2P) lending, virtual banking to allow lenders to operate without branches, use of drones for field assessments and artificial intelligence (AI) to reduce frauds. This panel, headed by the DEA Secretary, submitted its final report to the Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday, September 2, 2019.