Addressing Privacy Challenges in India's Expanding Digital Lending Sector
Friday, 30 August 2024, 07:19
Highlighting the Critical Privacy Challenges
As digital lending continues to gain momentum in India, the collaboration between IIIT-Bangalore and CUTS International emphasizes the urgent need to address privacy challenges. Recent discussions at their event underscored the importance of safeguarding user data while fostering innovation.
Key Insights from the Event
- The burgeoning digital lending sector raises significant privacy concerns.
- Stakeholders must establish a regulatory framework that protects consumer data.
- International benchmarks could guide India's approach to privacy in digital finance.
As India moves forward, ensuring robust privacy measures will be vital in enhancing trust amongst users and encouraging broader adoption of digital lending services.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.