RBI using suptech to oversee rapidly growing fintech sector – Das
Supervisors need to undertake “accelerated off-site surveillance”, governor says
The Reserve Bank of India is drawing on new technology to support its supervision as it looks to keep up with the proliferation of fintech firms in the country, governor Shaktikanta Das said in recent remarks.
“As regards potential risks and their mitigation, regtech and suptech have an important role,” Das said at a fintech conference on March 25. “Regulators and supervisors have to undertake accelerated off-site surveillance. This also brings in the need for a transparent, technology and data
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