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Reserve Bank of India Deputy Governor T. Rabi Sankar | Photo credit: The emergence of new financial technology companies (fintechs) in the payment innovation space has exposed the banking system’s Achilles heel that banks can be vulnerable to strong inertia in adapting to new technology, Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar […]
Industry experts noted that one of the largest beneficiaries of the move will be first digital users, especially those in semi-urban and rural areas, where trust in formal financial channels still evolves Fintech companies and financial services players have welcomed the new guidelines of the Reserve Bank of India (RBI) for the authentication of digital […]
Fintechs also marked the immediate settlement pressure that they would experience under the law Fintech companies and banks asked specific guidelines and sufficient time on Friday to comply with the new online gaming legislation. The clarifications were sought from the Ministry of Electronics and Information Technology (Meity) and Reserve Bank of India (RBI) during a […]
