Fintech sector must focus on financial education and consumer protection, says DFS Secretary

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Department of Financial Services Secretary M Nagaraju has called upon India’s FinTech sector to prioritise financial education and consumer protection as the country continues its digital transformation journey.

Speaking at the CII Financial Inclusion and FinTech Summit, Nagaraju highlighted that FinTech companies have a tremendous opportunity to educate millions of Indians about financial services, noting that a large number of people fall victim to cyber frauds due to a lack of financial awareness.

“You bring to bear your tools of innovation, and…



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Fintech sector must focus on financial education and consumer protection, says DFS Secretary



Department of Financial Services Secretary M Nagaraju has called upon India’s FinTech sector to prioritise financial education and consumer protection as the country continues its digital transformation journey.

Speaking at the CII Financial Inclusion and FinTech Summit, Nagaraju highlighted that FinTech companies have a tremendous opportunity to educate millions of Indians about financial services, noting that a large number of people fall victim to cyber frauds due to a lack of financial awareness.

“You bring to bear your tools of innovation, and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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