The Reserve Bank had recognised FinTech Association for Consumer Empowerment (FACE) as the first Self-Regulatory Organisation in the FinTech Sector (SRO-FT), vide Press Release dated August 28, 2024.

2. RBI has since received an application from the Unified Fintech Forum (UFF) seeking recognition as SRO-FT. The application was examined against the requirements of the Framework, and it has been decided to accord recognition to the UFF (CIN No. U91990KA2016NPL096977) as SRO-FT.

(Brij Raj)           
Chief General Manager

Press Release: 2026-2027/1088