India cenbank chief urges fintech firms to form a self-regulatory body
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MUMBAI : Financial technology companies should create a self-regulatory body to address their needs and challenges, the Reserve Bank of India Governor Shaktikanta Das said on Wednesday, as the industry grows at a break-neck speed due to surging demand for digital payments and borrowings.
"I would like to use this opportunity to urge and encourage the fintechs to establish a self-regulatory organisation or SRO themselves. From the Reserve Bank, we are willing to engage with you," Das said while delivering the keynote address at the Global FinTech Fest 2023 (GFF).