The Reserve Bank of India (RBI) has recognised Unified Fintech Forum (UFF) as a self-regulatory organisation for the fintech sector (SRO-FT), making it the second such body to receive the central bank’s approval.
The RBI had recognised the Fintech Association for Consumer Empowerment (FACE) as the first SRO-FT in August 2024, after it laid down the framework for recognising SROs in May.