Sunday, 19 January, 2025

Fintechs Shift Focus As RBI Targets Unsecured Loan Practices

Fintech startups are moving away from quick credit services following stricter RBI regulations targeting unsecured loans. The crackdown addresses concerns over predatory lending and data misuse, prompting companies to prioritize compliance and explore sustainable financial models. This shift is reshaping the fintech landscape, emphasizing responsible lending practices while encouraging innovation in secure and ethical financial solutions tailored to customer needs.