Compliance Related to Fintech: An Overview of the Indian Legal System

Fintech is something which has taken up the financial sector by storm. The number of transactions and the data generated by the transactions made worldwide is something that has created a food for thought for everyone. With the increase in the sector and the transaction India alone is have nearly 23 billion transactions per quarter. The growth has made this economy strong but along with the growth come problems that include legal rules and regulations which need to be updated as per the need. In the chapter, the author has tried to understand the compliance journey of the Indian legal system to monitor and control the giant fintech.