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- This move aims to ensure better regulatory compliance and promote healthy development within the fintech industry.
- FACE is now responsible for overseeing its members and ensuring they adhere to regulatory standards.
- This recognition is part of RBI’s broader strategy to balance innovation with prudence in the rapidly evolving fintech landscape.
Question:
1 Which organization has the RBI recognized as a Self-Regulatory Organisation in the FinTech sector?
- A) Fintech Association of India
- B) Fintech Association for Consumer Empowerment (FACE)
- C) Digital Payments Association
- D) Indian Fintech Consortium