Fifteen days after the Reserve Bank of India (RBI) released its ‘Framework for Self-Regulatory Organisations for Fintechs (SRO-FTs)’, the first signs of change in the way the sector perceives itself are here.
The Fintech Association for Consumer Empowerment (FACE) – an applicant to the OAR-FT – “is considering expanding its mandate to fintech beyond the credit ecosystem… so that fintechs, regardless of their activity and size, can contribute to the industry’s goals and receive distinct value for their unique needs,” says Sugandh Saxena, its chief executive officer (CEO). This is in line with