Digital banking, open banking/API
The release by India’s Ministry of Electronics and Information Technology (MeitY) of its draft Digital Personal Data Protection Rules earlier this year initiated the next step in the ongoing evolution of the nation’s data protection framework.
Emphasizing transparency, accountability and lawful processing of digital personal data, the new Rules serve as an extension of India’s groundbreaking Digital Personal Data Protection Act, 2023 (DPDPA), and provide much-needed clarity on the Act’s implementation. With a subsequent public consultation having closed in early March, we explore the implications for India’s financial services industry and some key priorities for firms as they seek alignment with the new guidelines.
Download our new paper setting out the key provisions of the DPDPA, its implications for financial institutions and fintechs, the challenges of compliance, and strategies for ensuring a smooth transition to the new regulatory framework.
Related content
Contact Us
To find out more about working with Capco and how we can help you overcome any potential challenges, contact our experts via the form below.