Bankward integration for fintechs if RBI is willing ! Evolution of FintechBanking ! convergence of balance sheet , banking regulations and financial technology is good for the consumer ..
🚨🚨 Veteran fintech entrepreneur Jitendra Gupta has taken his first steps towards obtaining a universal banking license — a move reflected in Jupiter’s interest in SBM Bank India. Jupiter is in talks to acquire a stake of up to 26% in SBM Bank India, according to The Arc's sources. If Jupiter manages to get a foot in the door to a universal banking license, it will be set apart from other fintechs in a significant way. So far, no venture capital-backed fintech has secured this particular permit. https://lnkd.in/gfgR2kWE #neobank #jupiter #fintech #rbii #regulations #acquisition
