UFF had made an application seeking recognition as SRO-FT.
FinTech BizNews Service
Mumbai, 10 September, 2026: The Reserve Bank had recognized FinTech Association for Consumer Empowerment (FACE) as the first Self-Regulatory Organization in the FinTech Sector (SRO-FT), vide Press Release dated August 28, 2024.
RBI has since received an application from the Unified Fintech Forum (UFF) seeking recognition as SRO-FT. The application was examined against the requirements of the Framework, and it has been decided to accord recognition to the UFF (CIN No. U91990KA2016NPL096977) as SRO-FT.
Shri Sanjay Malhotra, Governor, Reserve Bank of India, today made the following announcement about the SRO-FT during his Keynote Address at the Global Fintech Festival 2026, in Mumbai:
"For a regulated development of the fintech industry, we have implemented the Self- Regulatory Organisation framework for this sector. It shall promote responsible conduct, develop industry-led baseline standards, build capacity and facilitate constructive engagement with the regulator, policy makers and other stakeholders. Two years ago, we gave recognition to the first SRO for Fintechs at this very forum. Today I am pleased to announce the recognition of United FinTech Forum as the second SRO in FinTech sector."
