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End trip for BluSmart?; Indian AI talent in demandHappy Friday! Gensol Engineering’s financial struggles are severely impacting ride-hailing company BluSmart. This and more in today’s ETtec...
Race to become an SRO heats up in fintech sectorWhat is an SRO? The RBI laid out the framework for a fintech SRO in May 2024. As per the vision of the regulator the SRO's main job would b...
Fintech founders join hands to form new industry body, aim to become fintech SROFounders of fintech startups such as Jupiter, Fi, and Lendingkart have formed a new umbrella organisation aiming to secure a fintech-SRO li...
RBI's new guidelines for account aggregators envisage net worth of Rs 2 croreThe Reserve Bank of India (RBI) has introduced a new framework for recognising self-regulatory organisations (SROs) in the account aggregat...
Fintechs' personal loan portfolio drops 10 pc in Q2, NPAs inch up: FACEFintechs' outstanding personal loans in riskier segments dropped 10% in the September quarter to Rs 66,683 crore, compared to Rs 74,057 cro...
Fintech Association for Consumer Empowerment plans to onboard small companies to expand baseThe Fintech Association for Consumer Empowerment (FACE) aims to include smaller companies to enhance its representation and effectiveness. ...
Self Regulatory Organisation needs to keep fintech sector in check: RBI Dy Guv T Rabi SankarReserve Bank of India's Deputy Governor T Rabi Sankar addressed the Global Fintech Festival 2024, discussing the need for Self Regulatory O...
From CBDC, UPI ATM to Payments SRO: RBI lays out route map for fintech industryRBI Dy Governor T Rabi Sankar expects SROs to help reduce potential risks, identify inefficiencies in the financial services system and wor...
RBI recognises FACE as self-regulatory organisation in FinTech sectorThe Reserve Bank of India has designated the Fintech Association for Consumer Empowerment (FACE) as a Self-Regulatory Organisation in the F...
RBI's draft rules on fintech SRO; Pixxel unveils mega facilityThe main idea behind the guidelines is to empower the fledgling sector to function and innovate responsibly even in the absence of formal r...
2024: How the fintech industry will learn to live a regulated lifeFor Razorpay and Cashfree, Christmas came a week early, as after a year of being under embargo from the RBI, which halted new merchant onbo...
Digital lending sector continued steady growth in September quarter: reportThe report estimated that around three crore loans were disbursed during the quarter by these 37 companies, of which 28 are either NBFCs th...
Fintechs take steps towards self-regulation after RBI pushFACE has dozens of digital lenders as its members, including players like Fibe, Kissht, LoanTap, Cashe, KreditBee, Paynearby, and Paisabaza...
Behind self-regulating Indian tech industry, and other top stories this weekThis week ETtech's reporters broke a bunch of stories across fintech, online pharmacy and social media, which highlight the growing push to...
Fintech firms struggle to come together for self-regulationThe idea of creating an SRO was mooted by the RBI governor in March. But more than a month since, the companies haven’t been able to procee...
Fintechs struggle to come together for self-regulation; epharmacies, govt officials hold talks over new rulesIndia's new-age financial services industry has faced constant regulatory scrutiny in recent years disrupting businesses across the board. ...
Fintechs to seek clarity on RBI lending rulesThe RBI has, in the digital lending rules, addressed malpractices by illegal Chinese apps, putting a lid on measures such as data scraping ...