Vlepo India

???????? Which new regulations or changes in existing laws affect the fintech sector across India? 1. The Reserve Bank of India (RBI)'s new rules on cross-border payments bring fintechs involved in such transactions under direct supervision, increasing compliance costs [2]. 2. The RBI directive requiring lending institutions to maintain higher risk weightage for unsecured loans could make digital loans more expensive and lead to stricter underwriting standards, impacting fintech lending [4]. 3. Introduction of new IT governance directions for banks and NBFCs by RBI, effective from April 2024, emphasizes robust IT service management, data migration policy, and improved risk management including cybersecurity, impacting fintech operations and collaborations [16]. 4. Regulators are urging banks to manage risks associated with fintech partnerships effectively, highlighting the importance of cybersecurity and operational disruptions. This requires banks to establish appropriate risk management frameworks and have adequate oversight of fintech partnerships [12]. 5. India's Ministry of Electronics and IT advisory requiring tech firms to obtain government permission before launching new AI models represents a shift towards more regulated AI development, which could influence fintech products and services relying on AI technologies [24]. ?? Discover more insights here: https://lnkd.in/dXuBTWF8 #finance #startups #entrepreneurship #india #finance #deals