https://www.taxtmi.com/news?id=24522 Fintech enhances speed and reach in financial services but cannot substitute banks' role in providing liquidity services; entities performing equivalent liquidity intermediation should face bank-equivalent regulation. Regulatory frameworks must broaden and adapt to diverse fintech activities and entity-specific risks-including cybersecurity, data governance, systemic and concentration risks-while enabling non-disruptive innovation. The Reserve Bank's strategy has combined infrastructure creation, permissive participation within regulated perimeters, customer-safety mandates (2FA, tokenisation), a Regulatory Sandbox and an Innovation Hub to promote secure, inclusive digital finance and address fraud, cross-border frictions and penetration gaps. en-us Tue, 28 Sep 2021 18:26:28 +0530 Tue, 28 Sep 2021 18:26:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24522 Fintech enhances speed and reach in financial services but cannot substitute banks' role in providing liquidity services; entities performing equivalent liquidity intermediation should face bank-equivalent regulation. Regulatory frameworks must broaden and adapt to diverse fintech activities and entity-specific risks-including cybersecurity, data governance, systemic and concentration risks-while enabling non-disruptive innovation. The Reserve Bank's strategy has combined infrastructure creation, permissive participation within regulated perimeters, customer-safety mandates (2FA, tokenisation), a Regulatory Sandbox and an Innovation Hub to promote secure, inclusive digital finance and address fraud, cross-border frictions and penetration gaps. News - Tue, 28 Sep 2021 18:26:28 +0530 https://www.taxtmi.com/news?id=24522