Year Ender 2023: Key Transformational Moves By RBI For The Fintech Sector
It’s never a dull day in the world of Fintech. In just two short decades, fintech—an amalgam of “finance” and “technology”—has exploded onto the scene, revolutionizing the financial services industry as we know it. This dynamic sector has been fueled by the various innovations that have shaped a generation, each one seemingly more game-changing than the last.In terms of Fintech, the RBI has made may important announcements in the calender year 2023 which made into the top headlines of the year. Let’s have a quick recap into some of the key decision made by the apex bank.Digital LendingIn this direction, the recent introduction of FLDG guidelines by the Central Bank is definitely set to enhance digital lending by managing credit risks, reducing chances of borrower defaults and encouraging ...
