The FinTech Revolution in India- Innovation, Inclusion and Regulation (Speech delivered by Shri M K Jain, Deputy Governor, Reserve Bank of India - March 10, 2023 - at the International Research Conference on FinTech: Innovation, Inclusion, and Regulation jointly organized by the Indian Institute of Management (IIM), Ahmedabad and the Centre for Advanced Financial Research and Learning (CAFRAL) in Ahmedabad) https://www.taxtmi.com/news?id=26322 Regulation must balance promotion of innovation with containment of risks to financial stability, market integrity and consumers. India employs adaptive, activity focused measures-including digital lending norms, account aggregator rules, peer to peer guidelines and regulatory sandboxes-to enable controlled testing and manage emergent legal, governance, operational and conduct risks. Emphasis is placed on fairness and safeguards for automated credit decisioning, customer centricity, robust product design, suitability checks, mitigation of model bias, and strengthened governance including self regulatory arrangements. en-us Sat, 11 Mar 2023 09:50:29 +0530 Sat, 11 Mar 2023 09:50:29 +0530 TaxTMI RSS Generator The FinTech Revolution in India- Innovation, Inclusion and Regulation (Speech delivered by Shri M K Jain, Deputy Governor, Reserve Bank of India - March 10, 2023 - at the International Research Conference on FinTech: Innovation, Inclusion, and Regulation jointly organized by the Indian Institute of Management (IIM), Ahmedabad and the Centre for Advanced Financial Research and Learning (CAFRAL) in Ahmedabad) https://www.taxtmi.com/news?id=26322 Regulation must balance promotion of innovation with containment of risks to financial stability, market integrity and consumers. India employs adaptive, activity focused measures-including digital lending norms, account aggregator rules, peer to peer guidelines and regulatory sandboxes-to enable controlled testing and manage emergent legal, governance, operational and conduct risks. Emphasis is placed on fairness and safeguards for automated credit decisioning, customer centricity, robust product design, suitability checks, mitigation of model bias, and strengthened governance including self regulatory arrangements. News - Sat, 11 Mar 2023 09:50:29 +0530 https://www.taxtmi.com/news?id=26322