As regulatory regime tightens in country, fintech has a long march

Pressure is mounting on companies to get cracking on corporate governance with top-class independent directors on their boards

“The right of fintech (companies) to exist is in innovation. In doing so, they may sometimes take a more liberal interpretation of regulations in the grey zone,” says Alok Mittal, co-founder and chief executive officer (CEO), Indifi Technologies. And aware that this may lead to accidents, Reserve Bank of India (RBI) Governor Shaktikanta Das had forewarned (at the Global Fintech Festival’ in Mumbai, September 20, 2022): “The fintech road ahead will witness ever-growing traffic, in addition to the large number of existing players who are already there. It is, therefore, imperative that every player on this road follows the traffic