The draft framework issued by the Reserve Bank of India (RBI) discusses the specifics of the FinTech Self-Regulatory Organization (SRO-FT). This document elaborates on its management structure, membership criteria, and collaborative efforts with regulatory authorities. Its primary goal is to establish a secure and robust digital financial environment, fostering principles of fairness, transparency, and innovative progress within the FinTech sector.
This article discusses various rules and guidelines to ensure that the FinTech industry remains equitable and secure for all stakeholders, emphasizing the importance of collaboration between businesses and regulatory bodies.
