Regulatory Sandbox For Fintech Firms & Financial Institution Gets RBI Nod

The central bank of India, RBI has allowed financial institutions, startups to set up regulatory sandbox (RS) for live testing of innovative products in areas like retail payments, digital KYC and wealth management. The RBI said, “The target applicants for entry to the RS, are fintech companies including startups, banks, financial institutions and any other company partnering with or providing support to financial services businesses…,”

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