A COMPARATIVE STUDY OF THE REGULATORY FRAMEWORK OF FINTECH IN INDIA AND USA

AUTHOR – ANU RAPHY, LLM SCHOLAR AT CORPORATE AND COMMERCIAL LAW, CHRIST DEEMED TO BE UNIVERSITY, BANGALORE

BEST CITATION – ANU RAPHY, A COMPARATIVE STUDY OF THE REGULATORY FRAMEWORK OF FINTECH IN INDIA AND USA, ILE INTELLECTUAL PROPERTY AND CORPORATE LAW REVIEW, 3 (1) OF 2024, PG. 99-103, APIS – 3920 – 0008 | ISSN – 2583–6153.

ABSTRACT

Financial Technology leveraging the potential of AI is the current trend. With its pros and cons the industry rules the world making predictability and reliability its dual mottos. However like all technologies being accompanied with potential harms and bias it can cause to users, the need for regulating the sector emerges. This paper analyses the regulatory frameworks existing in various countries and recognises the need for implementing similar  methods suitable for Indian economic, legal and political landscape.

Key Words: Fintech, AI, Regulatory frameworks