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India cenbank looking to enhance fintech regulations - deputy Rabi Sankar

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MUMBAI : The Reserve Bank of India (RBI) is working on regulations that will be more 'developmental' for financial technology, or fintech, companies, a deputy governor of the central bank said on Friday. 'We are working on regulations (that) would be specific to fintech entities and the fintech ecosystem,'

MUMBAI : The Reserve Bank of India is working on regulations that will be more"developmental" for financial technology, or fintech, companies, a deputy governor of the central bank said on Friday.

The central bank has been monitoring the fintech space lately to ensure financial stability and mitigate risks related to cybersecurity and prevent fraud.

 

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