Good governance, innovation, inclusivity to define fintech success: Castler’s Kumar Amit

Thursday, March 14, 2024

The Indian fintech industry is facing increased regulatory scrutiny, with recent actions by the Reserve Bank of India (RBI) on companies like Paytm Payments Bank, IIFL Finance, and JM Financial Products. Experts highlight that good governance and compliance are critical for fintech sustainability.

The Indian fintech industry is undergoing significant regulatory scrutiny, emphasizing the need for robust governance and compliance to ensure long-term sustainability. Kumar Amit, Co-founder and COO of Castler highlighted that only companies prioritizing responsible execution will thrive in this environment.

"He also highlighted the importance of good governance and responsible execution as essential factors for the long-term success of fintech companies amid increased regulatory scrutiny. Amit also noted Castler’s significant growth and plans for introducing innovative products to enhance its Escrow offerings.”