RBI Recognizes Fintech Association for Consumer Empowerment as Self-Regulatory Organization for Fintech (SRO-FT).

Banking & Finance

The Reserve Bank of India (RBI) has officially recognized the Fintech Association for Consumer Empowerment as a Self-Regulatory Organization for Fintech (SRO-FT). This designation marks a significant milestone in the regulation of fintech companies in India. As an SRO-FT, the association will have the authority to set and enforce standards, ensuring better protection and empowerment for consumers in the financial technology sector. This recognition aims to enhance transparency and accountability within the industry, fostering greater trust and stability in the fintech ecosystem.


      The SRO-FT will oversee compliance, promoting fair practices and ethical conduct among fintech firms.

      The move aims to enhance regulatory oversight, ensuring fintech innovations align with consumer protection standards.

     

 

     


About RBI,

CEO : Shaktikanta Das
Headquarter : Mumbai
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