Premium
Fintech consists of various companies in which companies operate across domains. (Photo: PTI)
The Fintech Association for Consumer Empowerment (FACE) will change its membership profile to make it more representative of the sector. It is also exploring the possibility of creating sub-groups so that entities that are not strictly fintechs but use digital modes – such as business correspondents – can also participate.
FACE has become the first self-regulatory organization (SRO) to get the approval of the Reserve Bank of India (RBI) after releasing the ‘Framework for SROs in the fintech sector’.
According to FACE CEO Sugandh Saxena, “according to the SRO-fintech (SRO-FT) charter, we are on our way to