Comment on RBI's framework for Fintech SRO by Vishal Sharma, Cofounder & CEO, AdvaRisk
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Below the Comment on RBI's framework for Fintech SRO by Vishal Sharma, Cofounder & CEO, AdvaRisk
"The oversight and enforcement clause, which includes counselling, cautioning, reprimanding, and expelling members, will help maintain integrity in the fintech ecosystem and enhance the SRO-FT's effectiveness. This approach ensures uniformity without stifling innovation and growth, protects consumers, and enhances the fintech sector's credibility. Additionally, it fosters trust within the banking fraternity, encouraging collaboration with SRO-listed companies. The temporary or permanent removal of non-compliant entities ensures that only committed and trustworthy members remain, further strengthening the ecosystem."
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