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BSE : Master Circular for Commodity Derivative Segment

Fintech firms focus on compliance, simplification of KYC, lending norms

Fintech firms focus on compliance, simplification of KYC, lending norms
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The call for RegulateKaro amid Paytm crisis in the fintech space

The Indian FinTech ecosystem, the third largest in the world, is expected to reach a market size of US$ 150 billion by 2025. Digital lending has become a US$ 270 billion market in 2022. However, recent years have seen an increase in financial fraud and irregularities, leading to a lack of trust in the sector. The RBI has implemented regulations and guidelines to address these concerns, including registration requirements for FinTech companies and enhanced data privacy measures.

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