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The FinTech Repository launched by the Reserve Bank of India (RBI) serves as:
Question

The FinTech Repository launched by the Reserve Bank of India (RBI) serves as:

A.

A platform for retail investors to trade government securities

B.

A centralized portal for submitting regulatory applications to the RBI

C.

A comprehensive database capturing information about FinTech firms, their products, and technology usage

D.

A repository exclusive to banks and NBFCs detailing their deployment of emerging technologies

E.

A combined platform offering both retail investment options and regulatory services

Correct option is C

In May 2024, the RBI launched the FinTech Repository as part of a trio of key digital initiatives, alongside the PRAVAAH portal and the RBI Retail Direct app.

The FinTech Repository aims to collect essential information—on a voluntary basis—from both regulated and unregulated FinTech entities, including details about their activities, products, technology stack (like AI, ML, DLT), and financials.

The objective is to build a clearer, data-driven understanding of the evolving FinTech ecosystem to inform policymaking and oversight.

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