demands stringent safeguards

demands stringent safeguards to prevent breaches or misuse, particularly in a country like India, where data security is a growing concern. Moreover, the quality and reliability of this data vary, and when inaccurate, it risks creating lending decisions as erratic as the financial behaviour it seeks to capture Regulatory frameworks are struggling to keep pace with the rapid evolution of alternative credit in India, particularly due to the vast amounts of data being utilised. As the country navigates this emerging landscape, it is essential to establish clear guidelines that ensure fintech companies operate with transparency, protect consumer rights, and adhere to ethical practices ufabet