Government to scrutinise fintech companies for security, privacy breach: Report

The government has turned its scrutiny on fintech apps with Chinese links for data and privacy breaches, Mint reported.
App-based lenders with Chinese links will most probably be banned by the the Central Government similar to the ban on 177 Chinese apps after clashes with China on the border in June.
“The potential implications of a data compromise from fintechs such as lending apps are quite grave, since it involves sharing sensitive financial data of the user to the lender,” sources told the …

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