A potentially rich environment of opportunities and challenges arises in the complex world of NBFCs in India. Functioning as essential elements of the country’s financial system, NBFCs are at the intersection of innovation, risk, and socioeconomic dynamics, ready to spark development and wealth. But they face a host of challenges in the face of rapidly… Continue reading Challenges and Opportunities for NBFCs in India
Tag: compliance
Compliance for Fintech under RBI’s guidelines
By Prabal Goel, Chief Compliance Officer – Business & Legal In recent years, the financial technology (fintech) sector has seen exponential growth, revolutionizing the way we conduct financial transactions and manage our money. However, with innovation comes the need for regulation to ensure consumer protection, financial stability, and market integrity. In India, the Reserve Bank… Continue reading Compliance for Fintech under RBI’s guidelines
How are Regulatory changes impacting Fintech?
In the dynamic realm of fintech, regulatory changes have become a driving force reshaping the landscape and influencing the trajectory of innovation. The intersection of finance and technology is undergoing a profound transformation, with regulatory bodies adapting to the evolving nature of digital finance. As financial technology continues to redefine traditional banking and payment systems,… Continue reading How are Regulatory changes impacting Fintech?
Role of AI in Credit Scoring
Approximately 1.5 billion individuals globally lack access to banking or comparable financial services. For the rest of us, less than half of those with bank accounts are eligible for lending. More intelligent credit assessment methods are needed to increase banks’ loan-making capacity. Thus, AI-driven credit scoring models have emerged as a game changer, providing more… Continue reading Role of AI in Credit Scoring
The Rise of Regtech: Fintech’s Response to Regulatory Compliance
The fintech business has grown significantly in recent years, revolutionizing traditional banking and finance. However, as fintech firms continue to disrupt the market, they face an important challenge: regulatory compliance. To meet this challenge, a new industry has formed called Regtech. Regtech, or regulatory technology, is a term that refers to the use of new… Continue reading The Rise of Regtech: Fintech’s Response to Regulatory Compliance