In TrendsSensex TodayRupee vs DollarGold and Silver PricesAsian StocksiPhone 18 ProGFF 2026: ‘Treat data as a fiduciary responsibility,’ RBI Governor tells fintechsRBI Governor Sanjay Malhotra advised fintechs to treat consumer data as a fiduciary responsibility, saying the industry’s most valuable asset may be data rather than funds, and that putting monetisation ahead of responsibility could erode trust.By Santia Gora | Sheersh Kapoor September 10, 2026, 5:28:29 PM IST (Published)A decade ago, fintech in India was largely a story of potential and aspiration. Today, it has become part of everyday financial life, RBI Governor Sanjay Malhotra said at the Global Fintech Fest (GFF) 2026.Malhotra pointed to 57 crore Jan Dhan accounts, more than 9 crore people covered under the Atal Pension Yojana and around 280 billion digital transactions last year as signs of how far the country’s financial ecosystem has come.“This didn’t happen merely because of technology, entrepreneurs or the government. It happened because of public-private partnership,” Malhotra said.But for all the progress, the RBI Governor said the industry still has plenty of ground to cover.“We have a lot to do. As someone said, ‘Miles to go before we sleep’,” he said, stressing that too much of the fintech industry’s effort…
Original source: https://www.cnbctv18.com/technology/
