HomeNewsBusinessPersonal FinanceComing soon: A new regulator to monitor your fintech apps. Here's what a fintech SRO can do

Coming soon: A new regulator to monitor your fintech apps. Here's what a fintech SRO can do

Maulik M • January 19, 2024 / 08:46 IST

The RBI has released a draft framework for fintechs to create self-regulatory organisations (SRO-FT) which will ensure members adhere to industry standards and comply with relevant laws and regulations. That apart, they will play an important role in serving consumer interest

At its very core, the SRO will act as a conduit between fintech companies and the RBI, the regulator.

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