IFSCA Issues Framework for FinTech Entity in International Financial Services Centres

Tags: Economy/Finance National News

  • The International Financial Services Centres Authority (IFSCA),  has issued a “Framework for FinTech Entity in the IFSCs”.

  • The Framework aim is giving boost to the establishment of a world class FinTech Hub at GIFT IFSC comparable with other International Financial Centres (IFCs). 

  • The framework proposes to cover financial technology (FinTech) solutions resulting in new business models, applications, processes or products in areas/activities linked to financial services regulated by IFSCA.

  • It covers advanced/innovative technological solutions which aid and assist activities in relation to financial products, financial services and financial institutions (TechFin).

  • The framework provides for a dedicated Regulatory Sandbox for FinTech products or solutions namely IFSCA FinTech Regulatory Sandbox.

Please Rate this article, so that we can improve the quality for you -