Fintechs can’t bypass compliance irrespective of scale, says RBI ED

The Reserve Bank of India (RBI) has urged fintechs not to compromise on compliance, irrespective of scale, P Vasudevan, RBI executive director, said.

“When we meet venture capitalists and co-founders, we tell them to imbibe the element of compliance in their investment entities and see that compliance is never compromised, irrespective of scale,” Vasudevan said at the Global Fintech Fest on Thursday.