<h1>RBI Deputy Governor Highlights FinTech's Role in Transforming Financial Services at India Startup Conclave; Stresses Innovation and Compliance.</h1> The Deputy Governor of the Reserve Bank of India addressed the India Startup Conclave, highlighting the significant role of FinTechs in transforming financial services. He emphasized the importance of innovation in achieving financial inclusion, efficiency, and customer protection. The RBI has established a FinTech Department to support innovation and ensure regulatory compliance. Initiatives like the regulatory sandbox and the launch of the Rupee Central Bank Digital Currency pilot aim to foster innovation. The Deputy Governor urged FinTech companies to focus on responsible digital innovations, long-term value creation, and collaboration with regulators to ensure effective regulation and a conducive environment for innovation.