Why RBI’s Data Governance Push Puts Fintech Partners In A Spot

The RBI’s proposed data governance framework could have significant implications for India’s fintech ecosystem, even though the regulatory requirements are primarily directed at banks, NBFCs and other regulated entities. The central bank’s draft ‘Guidance on Regulatory Expectations for Data Governance’, released for public consultations earlier this week, makes it clear that regulated entities remain accountable for their data even when it is shared with or processed by fintech partners, digital