Fintech industry leaders on Wednesday praised three major initiatives of the Reserve Bank of India (RBI), including PRAVAAH portal, direct retail mobile app and fintech repository.
This repository provides fintech companies with a central platform to document and share their implementations and technical activities, increasing transparency and trust in the industry.
Anil Sinha said: “The repository’s focus on advanced technologies such as AI and ML enables fintech companies to access data-driven insights, optimize operations and deliver more personalized and efficient customer experiences.” Chief Technology Officer. Fiber.
In addition, consumers benefit from the transparency enabled by repositories, as the advanced use of AI and ML ensures safer, more personalized and efficient financial solutions, leading to greater financial inclusion and higher customer satisfaction and benefiting from trust.
The PRAVAAH portal enables any natural or legal person to apply for various government approvals online and seamlessly.
The Retail Direct mobile app provides retail investors with convenient and seamless access to the Retail Direct platform and facilitates trading in government securities (G-Secs).
Signzy co-founder and CEO Ankit Ratan said these initiatives are an important step towards a promising financial sector in India.
“By supporting fintech companies and regulated entities, RBI fosters a collaborative environment where all stakeholders can leverage insights from the repository to strengthen security practices and drive innovation,” Ratan added.
