Digital lending arrangements should be reviewed for disclosure, data and outsourcing controls.
Digital lending entities should review KFS delivery, fund-flow controls, consent architecture, outsourcing contracts and customer grievance mechanisms.
Reference: RBI Digital Lending and outsourcing framework
Need help understanding this update?
Estabizz can help you assess applicability, prepare internal action notes and maintain compliance evidence — subject to eligibility, documentation and applicable law.
This update is for general informational purposes only and should not be treated as legal, regulatory, tax, investment or financial advice. Regulatory requirements may change from time to time. Businesses should verify the latest circular, regulation and regulator guidance before taking any action.