'Fintechs must treat data as fiduciary duty, not business asset,' says RBI Governor Sanjay Malhotra
2 sources·Updated September 10, 2026
Covered by 2 sources
- ET Markets·8h ago'Fintechs must treat data as fiduciary duty, not business asset,' says RBI Governor Sanjay Malhotra
Reserve Bank of India governor Sanjay Malhotra stressed data fiduciary responsibility for fintechs. He stated that user data must be treated as a trustee asset, not a business asset. Firms must use data strictly within user consent, protecting it diligently. He warned that…
Read at ET Markets → - Deccan Chronicle Ent·10h agoTreat Data As Fiduciary Responsibility RBI Gov Tells Fintechs
Setty laid out three must-haves for responsible banking AI: accuracy, accountability, and fair access.
Read at Deccan Chronicle Ent →
