TOTAL: {[ getCartTotalCost() | currencyFilter ]} Update cart for total shopping_basket Checkout

Asia Pacific Dashboard Digest | India's digital lending rules enhance privacy in peer-to-peer lending Related reading: New parliamentary amendments offered for India's draft data protection bill




The growth of India’s digital lending industry has created a trade-off between quick access to loans with higher interest rates for creditors and lack of transparency and security to lenders’ financial identity, EY Global Delivery Services Senior Cyber Security Consultant Rishi Wadhwa, CIPP/E, writes. Lending guidelines published by the Reserve Bank of India have "proactively aided consumers in pacing themselves," Wadhwa said. The guidelines “impose strict data privacy standards, prohibit pass-through accounts, or third-party intermediaries, and require all loans to be reported to credit bureaus,” for peer-to-peer loans.
Full Story


If you want to comment on this post, you need to login.