Curb your overenthusiasm: Why India must avoid early overregulation while drafting rules for new techIndia faces a critical choice in regulating new industries like AI and genomics. Overly cautious, ex-ante regulations, similar to the histo...
Mythos: A challenge for the Indian banking systemClaude Mythos, a cutting-edge AI tool, has unearthed significant weaknesses in cybersecurity systems. In response, Indian authorities are s...
RBI to make regulatory sandbox facility available 'on tap'The RBI has proposed making its Regulatory Sandbox 'Theme Neutral' and 'On Tap', allowing continuous access for eligible fintech innovation...
RBI tweaks norms related to Regulatory Sandbox schemeReserve Bank of India revised the guidelines for the Regulatory Sandbox (RS) scheme, requiring participating entities to adhere to digital ...
RBI releases enabling framework for regulatory sandbox to aid fintechsIn a note released on Wednesday, the central bank said a sandbox environment allows the regulator to engage with startups and “develop inno...
RBI allows six entities to test fintech products to deal with financial frauds under sandbox schemeThe Reserve Bank announced the opening of the fourth cohort under the regulatory sandbox in June 2022 for the prevention and mitigation of ...
HDFC Bank, Precision Biometric to test applications under RBI's sandbox schemeRegulatory sandbox (RS) refers to live testing of new products or services in a controlled/test regulatory environment for which regulators...
Regulatory sandbox to spur innovations in MSME spaceA cohort on MSME Lending is expected to spur innovations that can fill the lending gap for MSMEs through the innovative use of technology a...
RBI opens third cohort under the Regulatory Sandbox“The MSME segment has emerged as the growth engine of Indian economy contributing significantly to the economic and social development of t...
Retail Payments to be first cohort for testing under RBI sandboxThis first round of experimentation, which is likely to commence in the first half of 2020, would entail the regulators along with the shor...
IRDAI opens application window for regulatory sandbox participationIRDAI said that the first window for applications will open from September 15 to October 13.
Fintech game changer or a work in progress? RBI's sandbox move divides industryBackers are calling the initiative a game changer even as others seek more operational clarity.
Insurance cover a must for fintechs participating in RBI sandboxThe framework document also doesn’t provide any legal waiver to the companies operating in the sandbox. Furthermore, any loss incurred by t...
Regulatory sandbox and fintech innovationThese sandboxes may help usher in improvements in financial inclusion through innovations.
Regulatory sandbox will help fintech disrupt without fearsRBI's sandbox initiative will help fintech startups test their products within the compliance framework.
Fintech startups can test regulatory sandbox: RBI draftThe draft in detail proposes application criteria and design framework for fintech startups wishing to participate in the RS.
RBI to form regulatory sandbox for fintech, set up data science labIt has set up an inter-regulatory working group to study regulatory issues relating to fintech and digital banking in India.