RBI likely to introduce new rules for fintech firms: Report

The Reserve Bank of India (RBI) is likely to announce new regulations for fintech companies, Moneycontrol reported. The rules will likely cover areas such as data sharing, privacy, compliance with KYC and anti-money laundering norms, the report said. This comes in the wake of complaints related to some fintechs charging usurious interest rates and other issues, the report added.