RBI Governor Shaktikanta Das wants fintech firms to focus on data protection

RBI Governor Shaktikanta Das wants fintech firms to focus on data protection

Das hailed fintech firms for playing a transformative role in the delivery of financial services across India.

FPJ Web DeskUpdated: Wednesday, December 14, 2022, 08:03 PM IST
article-image
File Photo

During his meeting with officials of fintech firms and industry bodies, Reserve Bank of India Governor Shaktikanta Das urged them to focus on governance, business conduct, data protection, customer centricity, regulatory compliance and risk mitigation among other things. Other senior officials of the RBI were also present as Das hailed fintech firms for playing a transformative role in the delivery of financial services across India.

The RBI governor also highlighted the role of the regulatory body in framing policies that support responsible innovation in the space, and assured its continued contribution to the growth of the fintech sector.

Officials and industry bodies also shared their inputs for increasing the role of fintech firms in boosting digital transactions and financial services.

RECENT STORIES

Aditya Birla Group Crosses $100 Billion In Market Cap

Aditya Birla Group Crosses $100 Billion In Market Cap

SEBI Introduces Audio-Visual Representation Of Disclosures In Offer Documents For Public Issues

SEBI Introduces Audio-Visual Representation Of Disclosures In Offer Documents For Public Issues

Adani Ports To Join Sensex As BSE Announces Index Reconstitution Effective June 24, 2024; Check For...

Adani Ports To Join Sensex As BSE Announces Index Reconstitution Effective June 24, 2024; Check For...

Champion Of Compassion: Tunviey Mopalwar’s Tireless Efforts Transforming Lives

Champion Of Compassion: Tunviey Mopalwar’s Tireless Efforts Transforming Lives

NCLAT Defers Hearing On Google's Play Store Billing Policy To July 5

NCLAT Defers Hearing On Google's Play Store Billing Policy To July 5