RBI On Tap Theme-Neutral Regulatory Sandbox: Key Points
Why in the news
RBI moved its fintech testing facility from fixed themes to a rolling open model so innovators can apply whenever ready.
Eligible areas
- Digital financial literacy, digital lending, alternate credit scoring, e-KYC.
- AI, ML, blockchain, smart contracts, tokenisation.
- Financial inclusion, mule account detection, RegTech, SupTech, open finance.
- Services for Divyang, grievance redressal, sustainable finance and climate risk.
Significance
- Encourages startups and innovators to engage proactively.
- Keeps regulation in step with fintech change while protecting consumers.
About the RBI
| Item | Detail |
|---|---|
| Governor | Sanjay Malhotra |
| Headquarters | Mumbai, Maharashtra |
| Founded | 1 April 1935 |
Exam angle
- Term: Regulatory Sandbox, now On Tap and theme-neutral.
- Tech terms: RegTech and SupTech.