From card swipes to contactless cards, digital wallets, and instant peer-to-peer transfers, fintechs really upscaled from secure payment gateways to established digital-only banks. 24/7 Global accessibility, transparent fee structures, and AI-driven advisory services have heightened the appeal of banking-at-your-convenience. Elevating fintechs to an ‘equal and better’ alternative to traditional brick-and-mortar banks.
With all these neat upgrades, consumers and regulators are looking at fintechs for responsible innovation. RBI has been redrawing the regulatory perimeter to be more inclusive toward the evolving fintech solutions, potentially blurring boundaries between traditional financial services and fintech solutions.
Layers of Compliance
Adhering to regulations is crucial, and there are additional motivations for fintechs to comply:
Continue reading “Navigating Compliance Landscape in Fintech”