India’s fintech industry is booming, with over 7,000 startups and a projected $1 Trillion valuation by 2030! But let’s go beyond innovation and learn about fintech regulation in this video.
First, we’ll explore India’s three key regulatory bodies. These are the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the Insurance Regulatory and Development Authority of India (IRDAI).
Next, you’ll learn about the major regulatory updates shaping this landscape. These include RBI’s Digital Lending Guidelines of 2022, which could enhance transparency in this segment. We’ll also discuss RBI’s similar innovative regulations for digital payments.
Then, the video approaches SEBI’s Wealth Tech regulation norms. These impact fractional ownership platforms and financial influencers, to curb misinformation and enhance transparency. On the insurance front, IRDAI is shifting to a principle-based regulatory approach, while enabling innovations like AI and machine learning.
You’ll also get to explore innovations in regulatory and supervisory technology. Tools like RBI’s AI-powered ‘Daksh’ and SEBI’s monitoring system ‘Pinaka’ might boost fintech compliance. Measures like banning non-compliant apps and restricting data storage to India-based servers could strengthen consumer protection.
Overall, India’s evolving fintech regulations promise a balance between innovation and governance. Together, they could secure the future of this transformative sector.
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