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Source: The Hindu BusinessLine
The Hindu BusinessLine
Source
RBI & Policy
Category
4 min
Read time
10 Sept
Published
RBI & Policy
4 min read· The Hindu BusinessLineTreat data as fiduciary responsibility, not asset: RBI Governor tells fintechs
The RBI Governor has sent a strong message to fintech companies about following rules and protecting customer information. He warned that firms trying to bypass regulations will eventually face high costs and loss of trust.
A firm that engages transparently not only earns regulatory goodwill but also gains faster, more durable pathways to scale. On the other hand, a firm that seeks to outrun the rules realises that the rules catch up, sooner or later, and at a much higher cost to itself and to the trust of the customers it serves, says Sa
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Source: The Hindu BusinessLine