INDIA 
COMMUNITY HUB

Topic: Recent Regulatory Changes in the Indian Fintechs: Impact on Project Economy
Date & Time: 27^th Apr, 2024 | Saturday | 4 pm - 5 pm IST

Project Economy is a wider concept in which people have the skills and capabilities they need to turn ideas into reality. It is where organizations deliver value to stakeholders through successful completion of projects, delivery of products or services, and alignment to value streams. And all of these initiatives deliver financial and societal value. It also includes capabilities required for responding to competitors and regulatory changes. In the midst of recent regulatory changes and guidelines issued by RBI and SEBI for the Indian Fintech companies, whether it's customer due diligence/KYC related norms or card-based business payments made via intermediaries or accepting deposits and making credit transactions through wallets/payments bank or the use of business cards for commercial payments where a fintech is in the middle. All these are now under strict monitoring and subject to specific restrictions/new regulations. More non-bank intermediaries may expect a rap on knuckles including the guidelines on the use of artificial intelligence and blockchain in the securities market and even the regulations related to digital lending. To navigate such disruption, integrating regulatory compliance proactively into project management practices is crucial for fintech companies. By doing so, they can ensure they are meeting legal requirements, which helps build trust with stakeholders and maintain a strong reputation. It also helps them avoid costly penalties or legal repercussions, which can be detrimental to their success. Overall, project management plays a vital role in the success of fintech companies (driving financial inclusion) by ensuring they operate within regulatory boundaries. Ensuring regulatory compliance in projects involves understanding the regulatory landscape, implementing risk management practices and engaging legal expertise throughout project lifecycle.

Distinguished Speakers:

1. Prasanna Lohar, CEO, Block Stack and Founder, India Blockchain Forum

2. Richa Mukherjee, Co-Chair, ASSOCHAM National Fintech Council and Director - Public Policy & Corporate Affairs, PayU

3. Dharmender Jhamb, Co-Chair, National Fintech Council, ASSOCHAM and Partner, Financial Services-Consulting, Grant Thorton Bharat LLP