Regulation surrounding financial technology (fintech) companies has evolved over time, giving firms ample opportunity to comply. Now, these companies must prioritise corrective action as they scale up operations, industry players said at the Business Standard BFSI Insight Summit 2024. Edited excerpts from a panel discussion featuring Akshay Mehrotra, co-founder and chief executive officer (CEO), Fibe; Anurag Jain, founder and chief operating officer (COO), KredX; Reeju Datta, co-founder, Cashfree Payments; Srinath Sridharan, independent director, Fintech Association for Consumer Empowerment (FACE); and Ujjwal Jain, CEO, Share.market:
Is there an identity crisis among fintechs? How do you handle that since most imagine fintechs