Balancing Innovation and Privacy: Regulatory Challenges for FinTech in India

Boyan ZHANG; Yik Wong Tseung

doi:10.47297/wspdecWSP2515-797311.20240802

PDF
导出
分享
收藏
专辑

Balancing Innovation and Privacy: Regulatory Challenges for FinTech in India

8卷第2期

浏览量: 0 Downloads: 0

Balancing Innovation and Privacy: Regulatory Challenges for FinTech in India
Balancing Innovation and Privacy: Regulatory Challenges for FinTech in India
1.School of Finance and Statistics, Hunan University, China
2.JR Shaw School of Business, Northern Alberta Institute of Technology, Canada
2024年8卷第2期页码：82-88
纸质出版日期： 2024-12-24 ，
DOI：10.47297/wspdecWSP2515-797311.20240802
Accepted：

Scan QR Code

(2024). Balancing Innovation and Privacy: Regulatory Challenges for FinTech in India. 发展经济学, 8(2), 82-88.

ZHANG Boyan,Tseung Yik Wong.Balancing Innovation and Privacy: Regulatory Challenges for FinTech in India[J].Development Economics of China,2024,08(02):82-88.
(2024). Balancing Innovation and Privacy: Regulatory Challenges for FinTech in India. 发展经济学, 8(2), 82-88. DOI： 10.47297/wspdecWSP2515-797311.20240802.

ZHANG Boyan,Tseung Yik Wong.Balancing Innovation and Privacy: Regulatory Challenges for FinTech in India[J].Development Economics of China,2024,08(02):82-88. DOI： 10.47297/wspdecWSP2515-797311.20240802.

摘要

Abstract

This paper explores the dynamic intersection between financial technology (FinTech) innovation and the growing need for robust data privacy regulations in India. While FinTech has significantly expanded financial inclusion

particularly for underserved populations

it raises critical concerns related to data security

privacy

and regulatory oversight. By examining the Indian FinTech ecosystem

this paper highlights both the opportunities for continued innovation and the risks associated with inadequate data protection. Through a critical analysis of government policies and regulatory frameworks

the paper proposes solutions to balance technological advancements with the protection of consumer privacy.

关键词

Keywords

FinTechData PrivacyCybersecurityFinancial Inclusion

references

Arner D. W., Barberis J., & Buckley R. P. (2016). The evolution of FinTech: A new post-crisis paradigm? Georgetown Journal of International Law, 47(4), 1271-1319.

Binns R. (2018). Fairness in machine learning: Lessons from political philosophy. Proceedings of the 2018 Conference on Fairness, Accountability, and Transparency, 149-159. https://doi.org/10.1145/3287560.3287591https://doi.org/10.1145/3287560.3287591

Chander A. (2020). India's data protection bill and the ghost of privacy past. Indian Journal of Law & Technology, 16(1), 43-58.

Chaudhary R., & Kaushik P. (2020). Cybersecurity challenges for FinTech companies in India. Journal of Financial Crime, 28(1), 63-78. https://doi.org/10.1108/JFC-12-2019-0151https://doi.org/10.1108/JFC-12-2019-0151

Ghosh S. (2020). FinTech, financial inclusion, and digital transformation: The Indian story. Journal of Emerging Market Economies, 12(4), 501-518. https://doi.org/10.1177/0974910120958713https://doi.org/10.1177/0974910120958713

Jain R., & Mishra R. (2019). Cybersecurity in digital financial services: A study of mobile payment security in India. International Journal of Advanced Research in Computer Science, 10(2), 89-95. https://doi.org/10.26483/ijarcs.v10i2.6422https://doi.org/10.26483/ijarcs.v10i2.6422

Kshetri N. (2021). Blockchain's roles in strengthening cybersecurity and protecting privacy. Telecommunications Policy, 45(2), 102-110. https://doi.org/10.1016/j.telpol.2020.102110https://doi.org/10.1016/j.telpol.2020.102110

Matthan R. (2017). Beyond privacy: Surveillance, Aadhaar, and the rights of citizens. Economic & Political Weekly, 52(11), 35-42.

Narayan A., & Narayanan H. (2020). Algorithmic credit scoring and data privacy in Indian FinTech. Journal of Financial Regulation and Compliance, 28(3), 387-404. https://doi.org/10.1108/JFRC-09-2019-0122https://doi.org/10.1108/JFRC-09-2019-0122

Ramanathan U. (2018). Aadhaar: Constitutional challenges and the question of surveillance. International Journal of Constitutional Law, 16(2), 607-617. https://doi.org/10.1093/icon/moy056https://doi.org/10.1093/icon/moy056

文章被引用时，请邮件提醒。

Submit

Analysis of the Impact of Supply Chain Finance on Enterprise Value from the Perspective of Fintech

Related Author

Ming Liu Waseda University

Related Institution

Waseda University

⁰