On 9-4-2025, the Reserve Bank of India issued a circular on Regulatory Sandbox- Theme Neutral ‘On Tap’ application Facility to help in continuous innovation and constructive engagement with innovators and proactively respond to the evolving FinTech scenario.
Key Points:
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As it was announced in the Statement on Developmental and Regulatory Policies dated 9-4-2025, the RBI decided to allow “Theme Neutral” applications as part of the “On Tap” facility under the Regulatory Sandbox.
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The following are the list for guidance:
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Digital financial literacy;
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Digital lending and alternate credit scoring;
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e-KYC and identity verification;
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Emerging technologies such as Artificial Intelligence, Blockchain, Machine Learning, Smart Contracts, Tokenisation, etc., in financial services;
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Financial inclusion;
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Mule account identification and tracking;
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Open finance;
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RegTech
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SupTech;
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Solution for:
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Divyang including voice/language-based financial services;
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Grievance redressal.
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Sustainable finance and climate risk mitigation.
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