Finance and Fintech

Since last two years the team has advised clients on
(i) work on issues of portable and mobility for payment and reviewed contracts for clients onboarding Bharat Bill Payment System (BBPS);
(ii) on-boarding unified payment interfaces (UPI), reviewing standard agreements with NPCI and making such companies compliant to RBI and NPCI guidelines on customer data retention, money laundering etc to enable UPI mechanism to work;
(iii) worked on issues of regulatory tech particularly on the issues of implementing a privacy framework, cyber security and internal corporate governance and trickling the same down to ethics in regulating company's own technology and dealing with all rights of customers;
(iv) issues faced by P2P lending platforms and challenges faced in recovery of loan of such quick loans;
(v) assisted clients in entering rural market and facilitation of payment through anytime payment machines or portable banking/bank on wheels etc.

We have undertaken whitepapers on neo banking, impact of RBI/NPCI regulations on businesses implementing UPI or registering with the BBPS mechanism, GDPR and its influence on the Data Protection Bill revised as of 2022 and integration of Artificial Intelligence within wealth management and fintech platforms

We have assisted clients in supporting a product architecture which will adhere to procedures and standards laid down by law, draft privacy policies and terms of use and such other additional protections against possible infringement claims, penalties and fines.