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RBI Recognizes Unified Fintech Forum as Second Fintech SRO
The Reserve Bank of India has approved Unified Fintech Forum as a self-regulatory group for fintech companies.
Fintech means using technology to provide financial services.
Unified Fintech Forum used to be called the Digital Lenders Association of India.
It is the second group to receive this recognition from the RBI.
The first was the Fintech Association for Consumer Empowerment, recognized in August 2024.
The group has 118 members, including lenders, technology providers, credit bureaus, and account aggregators.
Its job is to encourage responsible behavior and help create good rules for its members.
These rules are meant to make digital financial services more transparent and trustworthy.
The Reserve Bank of India recognized Unified Fintech Forum as a Self-Regulatory Organisation in the fintech sector.
Unified Fintech Forum, formerly the Digital Lenders Association of India, is the second association to receive this recognition.
The RBI introduced its SRO-FT framework in May 2024, and recognized FACE in August 2024.
Unified Fintech Forum has 118 members and nine associate partners across the fintech ecosystem.
The framework promotes regulatory standards, ethical conduct, market integrity, dispute resolution, transparency, and accountability.
- Who
- The Reserve Bank of India, Unified Fintech Forum, and other fintech industry associations.
- What
- The RBI recognized Unified Fintech Forum as a Self-Regulatory Organisation in the fintech sector.
- Where
- India.
- When
- The recognition was reported on September 10, 2026; the RBI framework was issued in May 2024.
- Why
- The SRO framework is intended to establish regulatory standards, promote ethical conduct and market integrity, resolve disputes, and improve transparency and accountability.
Key facts
- Recognizing authority
- Reserve Bank of India
- Recognized organization
- Unified Fintech Forum
- Sector
- Fintech
- SRO framework issued
- May 2024
- Unified Fintech Forum membership
- 118 members and nine associate partners
- First recognized SRO-FT
- Fintech Association for Consumer Empowerment, recognized in August 2024
- Former name
- Digital Lenders Association of India
Sources
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