Budget 2024 : "A well-defined regulatory framework will only bridge the gap between the traditional banks and fintechs and will foster financial inclusion for consumers" says Raj P Narayanam, Founder and Executive Chairman of Zaggle
Below the Quote on Budget 2024 : "A well-defined regulatory framework will only bridge the gap between the traditional banks and fintechs and will foster financial inclusion for consumers" says Raj P Narayanam, Founder and Executive Chairman of Zaggle
"In the upcoming Budget, we anticipate that Digital Banks in India will play a crucial role in bridging the gap between traditional banks and FinTechs. They have the potential to offer a blend of innovative financial products, a seamless user experience, and the regulatory backing of a licensed bank.
Addressing potential challenges through a well-defined regulatory framework and a phased approach can pave the way for a more inclusive and dynamic financial ecosystem in India. This strategic approach aims to serve as a mid-gap solution between traditional banks and fintech companies, meeting the evolving needs of digital-savvy consumers. It will empower consumers with secure, convenient, and affordable banking services tailored to the demands of the digital era."
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