The Digital Lenders Association of India (DLAI) has recently announced its rebranding as the Unified Fintech Forum (UFF).
The name change reflects the diverse mix of its member institutions within a dynamic FinTech environment. UFF comprises around 120 members representing both regulated and unregulated firms engaged in digital financial services.
UFF represents the larger fintech ecosystem, reflecting the sector’s expansion and integration, with the objective of fostering a more coherent and inclusive FinTech landscape in India.
UFF has also announced its newly elected Executive Committee, which represents industry voice and supports the organisation in furthering its objectives.
Manish Lunia, Co-founder of FlexiLoans was elected as President, whereas Upasana Taku, Co-founder and Executive Director of MobiKwik was elected as Vice-President of UFF’s Executive Committee.
In response to the announcement, Jatinder Handoo, CEO, Unified Fintech Forum, stated, “The expansion of FinTech services over the past decade has transformed our interaction with digital money and has brought in more responsibilities among players in the FinTech ecosystem, especially from a client protection and product suitability perspective.”
Fuelled by India’s Digital Public Infrastructure (DPI) and robust regulatory frameworks, FinTech has revolutionised the provision and utilisation of financial services. Currently, financial service providers are integrated into consumers’ daily lives, delivering unparalleled ease, personalisation, and accessibility.
The redesign and new leadership underscore UFF’s dedication to forge collaboration among stakeholders, improving regulatory compliance, and promoting responsible innovation within India’s FinTech sector.
UFF is committed to advancing best practices, maintaining regulatory adherence, and supporting innovation within the fintech sector to improve financial inclusion in India.
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