💰 Fintechs Must Treat Data as Fiduciary Duty, Not
Published by OOPSONLINE.IN · Source: The Economic Times · 1 min read · · Updated
What actually happened
Mumbai fintechs must treat user data as a fiduciary responsibility, not a business asset. RBI governor Sanjay Malhotra stressed trust is key for financial system adoption and endurance. Firms growing significantly must take systemic responsibility beyond their balance sheets. Operational resilience and cybersecurity are essential prices for achieving scale.
Key points
- Mumbai fintechs must treat user data as a fiduciary responsibility, not a business asset.
- RBI governor Sanjay Malhotra stressed trust is key for financial system adoption and endurance.
- Firms growing significantly must take systemic responsibility beyond their balance sheets.
- Operational resilience and cybersecurity are essential prices for achieving scale.
Summary based on data provided by The Economic Times. Full article available at the original publisher.
- #business
- #fintechs
- #must