Fintech Regulations

Fintechs have leveraged the gaps in traditional financial institutions and processes to provide increased efficiency and productivity. They have been a vehicle of financial inclusion

Panel set up by the RBI finds more than half of about 1,100 digital loan providers operate illegally.

If a fintech player is providing liquidity service (such as deposits and credit), it must be regulated as strictly as a bank, says T Rabi Sankar

The Committee will also focus on how Fintech can be leveraged to enhance financial inclusion of MSMEs