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RBI Cautions Fintechs on Digital Frauds
The Reserve Bank of India (RBI) Governor Sanjay Malhotra has praised India’s fintech ecosystem for its vibrancy and scale, with the country being home to close to 10,000 entities in the sector. However, while acknowledging the sector’s growth, he also highlighted key challenges that need to be addressed, including the rising threat of digital fraud. In a clear message to fintech firms, he urged them to prioritize user accessibility and security.…
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RBI Cautions Fintechs on Digital Frauds
The Reserve Bank of India (RBI) Governor Sanjay Malhotra has praised India’s fintech ecosystem for its vibrancy and scale, with the country being home to close to 10,000 entities in the sector. However, while acknowledging the sector’s growth, he also highlighted key challenges that need to be addressed, including the rising threat of digital fraud. In a clear message to fintech firms, he urged them to prioritize user accessibility and security.…
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