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FACE SRO APPLICATION
India Fintech Foundation asks govt, RBI to address concentration risk on UPI paymentsIndia Fintech Foundation has alerted the Finance Ministry and RBI about a major risk on UPI. Two companies now control over 80 percent of U...- 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...
- MFIs must promote loan repayment digitally, focus on cybersecurity & resilient IT infra: DFS secyFinancial Services Secretary M Nagaraju encourages microfinance institutions to promote digital loan repayment and enhance cybersecurity. D...
- 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. ...
- Zepto raises $340 million; HCLTech’s growth plansHappy Friday! Zepto has announced another $340 million fundraise, valuing it at $5 billion. More details on this and other updates in today...
- RBI's mandate for fintech SRO; Instamart’s new CEOThe Reserve Bank of India (RBI) expects self-regulatory organisations (SROs) to safeguard consumer interest and ensure responsible growth i...
- 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...
- Udaan’s valuation plummets; draft rules for fintech self-regulatory bodiesBusiness-to-business (B2B) ecommerce platform Udaan has taken a major hit with its valuation being chopped by nearly half to $1.8 billion i...
- 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...
- Will approach GST Council on online gaming regulatory framework after it is in place: Rajeev ChandrasekharMedia outlets had earlier reported, quoting Chandrasekhar, that he would “request the GST council for consideration on the new regulatory f...
- Gamespotting: MeitY receives three applications for forming SROsThe ministry of electronics and information technology (MeitY) has received at least three proposals for the formation of self-regulatory o...
- AWS to invest over $12 billion in India till 2030: CEO; Paytm opposes IAMAI’s stand on digital competitionAdam Selipsky, the newly appointed chief executive of Amazon’s cloud unit, Amazon Web Services (AWS), said India is a “high growth market” ...
- 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. ...
- Regulatory system for digital banking intermediaries likelyWhile discussions are still at an early stage, RBI is said to be considering a light touch regulatory approach that could see digital banki...
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