OZG Fintech Center empowers startups with customizable solutions and 24/7 expert support to keep pace with evolving RBI compliance.
📌 Digital lending apps require registration and data reporting to the RBI’s CIMS portal, adherence to Digital Lending Directions including clear borrower disclosures, and periodic audit submissions. OZG assists with compliance management processes for seamless adherence.
📌 Implement CKYC and eKYC verification using Aadhaar, PAN, or Passport. Registration with the Financial Intelligence Unit (FIU-IND) is mandatory for suspicious transaction reporting. The OZGIAN system integrates smooth onboarding, FIU-IND registration, and AI-powered transaction monitoring for AML compliance.
📌 Data privacy and protection must include adherence to updated RBI data localization norms, continuous penetration testing, and use of AES/TLS encryption standards. OZG supports end-to-end encryption, compliance audits, and secure access controls.
📌 Fintech startups must comply with the newly introduced Self-Regulatory Organization (SRO) framework for fintech, which involves voluntary registration with an RBI-recognized SRO, adherence to ethical codes, and mechanisms to address user harm and fraud.
📌 Participation in and reporting to RBI's e-PRAVAAH portal for streamlined regulatory authorisations and license management is mandatory from May 2025. The OZGIAN offers a smooth filing solution for PRAVAAH, ensuring peace of mind.
📌 Compliance with RBI's mandates on AI use in financial services is required, ensuring ethical AI adoption aligned with transparency and risk control.
📌 Clear disclosures on fees, interest rates, and repayment terms are essential alongside effective grievance redressal mechanisms. The OZG systems dynamically manage compliance disclosures and complaint tracking aligned with RBI guidelines.
📌 Maintain detailed audit trails, prepare for IT governance audits (CSITE), and ensure timely regulatory report submissions. OZGIAN assists with audit documentation and dashboard reporting to RBI.
OZG Helpdesk (24/7)
Email: ask@nbfc.in
WhatsApp: 98‑2025‑5831
DM @ozghelpdesk
