SKILL ROADMAP 45 · SPECIALISED LEGAL FIELDS

FinTech Law

Financial system basics → RBI framework → Payments → Digital lending → KYC and anti money laundering → Data and cyber rules → Product advisory

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This roadmap has 7 steps, 3 checkpoints and 2 projects.
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1 What this path is

FinTech law covers the regulation of technology driven financial services such as payments, digital lending, wallets and investment platforms.

The work involves regulatory reading, fast moving rules and close work with product teams.

Learn the financial system.
Learn: the roles of RBI, SEBI and other regulators.
Practise: by mapping which regulator governs which product.
Learn the RBI framework.
Learn: how RBI issues master directions and circulars.
Practise: by tracking RBI circulars for a month.
Learn payments law.
Learn: the Payment and Settlement Systems Act 2007 and rules on payment aggregators and prepaid instruments.
Practise: by explaining the licences a payments startup needs.
Learn digital lending rules.
Learn: RBI's directions on digital lending.
Practise: by reviewing a lending app's disclosures against them.
Learn KYC and anti money laundering.
Learn: the Prevention of Money Laundering Act 2002 and RBI's KYC directions.
Practise: by drafting a KYC checklist.
Learn data and cyber rules.
Learn: data protection and cybersecurity requirements for financial entities.
Practise: by reviewing a fintech's privacy policy.
Advise on products.
Learn: to review a new product for regulatory risk.
Practise: by preparing a regulatory note for an imaginary product.

You lead regulatory advice for fintech businesses.

These checklists are for honest self assessment. They are not an official certification.

Look for fintech legal teams and firms with fintech practices. Prepare a regulatory note.

Regulatory notes and checklists.