RBI to set up panel for financial technology companies

Q.  What does fintech stand for?
- Published on 08 Jun 16

a. Financial Techniques
b. Financial Technology
c. Fiscal Technology
d. None of the above

ANSWER: Financial Technology
 
RBI is setting up a multi-disciplinary panel to understand these companies and create the perfect ecosystem for them. The committee will have representatives from financial regulators and stakeholders from the industry
  • Fintech covers a large section of areas including transactions, lending and insurance
  • RBI is also looking at other technology based systems, trends for receivables sale and unified payment interface systems

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