What experts are saying on the hot topic of the webinar “RBI Digital Lending Regulations and Google Play Store”

Summary: With the imposition of the new RBI guidelines, financial institutions are seeing a change in the way they conduct their business. How is the digital lending industry impacted? The Skillful Technologies webinar on RBI and Google Play Store regulations will answer questions.

Chennai, Tamil Nadu, September 24, 2022, ZEXPRWIRE, The RBI is the entity whose guidelines and regulations ensure that the governance of financial institutions such as banks, NBFCs and Fintechs is to protect the interests of customers and maintain comprehensive control over the entire financial sector.

There has been exponential growth in this industry which contributes to growth and financial inclusion.

Technological innovations are driving financial innovations, which in turn are driving new financial products and services in the digital lending industry. Google Play Store serves as a marketplace to host these financial products. Thus, the RBI imposes guidelines on Play Store. The regulator constantly monitors that these new products are efficient, resilient, customer-centric and meet standards of business conduct.

Acting as a gatekeeper, the Reserve Bank has continually reshaped and refined guidelines to align with growth and political architecture.

To better understand the above statement, Skillful Technologies is hosting a webinar on “RBI and Google Play Store Digital Lending Regulations“.

Skillful experts speak throughout the occasion:

  • Alex Lawrence, CTO of Cloudbankin,
  • Rajeshware Srinivasan, Former Banker and Cloudbankin Domain Consultant
  • Mani Parthasarathy, co-founder of Cloudbankin

The talking point:

Few fintechs have experienced a drastic change in their business model due to recent published standards. These digital lending guidelines have been implemented to streamline governance, business conduct, regulatory compliance, and risk mitigation for fintechs, particularly with respect to BNPL services. The purpose of the discussion is to see how the situation changed before and after the introduction of the new regulations.

  • Regarding Google Play Store:

Many frauds are detected in the banking sector. According to RBI, 45613 loan frauds have been reported till March 2021. And 2000 loan apps were removed from play store in 2022. So regulations are imposed to mitigate the problem of such circumstances and ensure the safety of end customers .

  1. What are the best practices that banks, fintechs and NBFCs can adopt to keep their apps on the platform?
  2. What steps need to be taken to comply with the latest guidelines?
  3. What compliances must be made to adhere to recent regulations regarding the re-sale of apps on the Play Store?

In this webinar, the above mentioned questions will be discussed.

Rejoin FREE LIVE September 27, 2022at 4:00 PM IST to learn more about the impact of regulation on the digital lending ecology.

Register now

Who can attend?

  1. CXO, Credit Manager, Product Manager, NBFC Business IT Manager
  2. Fintech – Loan companies
  3. Small Financial Banks Product Manager
  4. Compliance Manager

The session is LinkedIn Live! Get unlimited access to it.

This webinar is an Ask Me Anything or Q&A session. Attendees are encouraged to ask questions and answer their questions during the live webinar.

For all questions, call (+91)-9080879156 or send an e-mail to [email protected]

About Skillful Technologies:

The company provides digital lending solutions such as loan mounting system, loan management system and more so to financial institutions like NBFCs, Fintechs and banks. The Skillful product, Cloudbanking, provides lending infrastructure as a service where any institution can start lending operations in less than 24 hours.

About the Author:

Mani Parthasarathy:

Mani Parthasarathy is the co-founder and CEO of Skillful Technologies. A Fintech evangelist with over a decade of experience. He regularly writes about the latest digital lending and fintech topic on Linkedin #manispeaksmoney, and he has interviewed over 50 BFSI industry experts.

Jessica C. Bell