Our Mission & Vission
Fintech Association for Consumer Empowerment (FACE) is the RBI-recognised Self-regulatory Organisation in the FinTech Sector (SRO-FT). FinTech companies of all kinds come together at FACE to build an industry that enables customer-centric financial services that are safe, suitable, and transparent, delivering positive impacts on society and the economy. The FinTech community (providers, enablers, stakeholders, and others) unite at FACE to develop a nurturing ecosystem where companies and consumers responsibly participate and thrive in the digital economy.
Aim
To promote responsible and compliant FinTech sector
Vision
to be the face of the FinTech sector in India, foster innovation, and create a mutually beneficial and sustainable ecosystem for companies and consumers with support from regulators, government, and market participants.
Mission
to onboarding 1000 FinTech companies, which would responsibly and positively impact the lives of over 500 million consumers by 2030
Value
Inclusiveness, Integrity, Innovation, and Impact
Background
FinTech is expanding and deepening its roots across financial sector players, products, and market segments. It continues to innovate and evolve at a fast pace, creating new opportunities and risks. Sustainable value creation requires cohesive and coordinated efforts by market participants, especially for consumers, who need choice, suitable products, a superior experience, and safeguards against harm.
The Fintech Association for Consumer Empowerment (FACE) convenes the FinTech ecosystem to nurture the sector by tapping potential, establishing good business practices, solving challenges, and mitigating risks.
Established as a non-profit Section 8 Company in Sep 2020, FACE currently has 200 members, representing the plurality of the FinTech sector across domains, scale, activities and regulatory status. As the RBI-recognised Self-regulatory Organisation (SRO), we relentlessly focus on work that advances the potential of the FinTech sector for the good of the people, society and economy.
