https://www.taxtmi.com/news?id=26658 Fintech delivery of traditional financial products requires regulation aligned to the activity performed rather than legal form, with firms embedding regulatory compliance, consumer protection, and financial integrity into business models. The RBI supports innovation through a FinTech Department, Innovation Hub, regulatory sandboxes, frameworks for Account Aggregators and P2P lending, global hackathons, and Rupee CBDC pilots to test architectures and use cases. Fintechs are urged to prioritise consumer protection, data protection, cybersecurity, governance, and compliance, and to engage in structured dialogue with regulators and incumbents to ensure scalable, interoperable, and responsible innovation. en-us Tue, 11 Jul 2023 18:19:37 +0530 Tue, 11 Jul 2023 18:19:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26658 Fintech delivery of traditional financial products requires regulation aligned to the activity performed rather than legal form, with firms embedding regulatory compliance, consumer protection, and financial integrity into business models. The RBI supports innovation through a FinTech Department, Innovation Hub, regulatory sandboxes, frameworks for Account Aggregators and P2P lending, global hackathons, and Rupee CBDC pilots to test architectures and use cases. Fintechs are urged to prioritise consumer protection, data protection, cybersecurity, governance, and compliance, and to engage in structured dialogue with regulators and incumbents to ensure scalable, interoperable, and responsible innovation. News - Tue, 11 Jul 2023 18:19:37 +0530 https://www.taxtmi.com/news?id=26658