DIGITA, once launched, would be entrusted with the responsibility of vetting digital lending apps. Apps not carrying the 'verified' signature of DIGITA should be considered unauthorised for the purpose of law enforcement.
TECH NEWS News: RBI plans to combat cyber fraud via DIGITA, verifying apps to enhance law enforcement. Transparency in digital lending improves with the removal of un
The Financial Stability and Development Council discussed ways to stop unauthorised lending apps as well as fundraising by social enterprises through social stock exchanges, among other issues related to macro financial stability
Ministry of Electronics and Information Technology has recommended that Reserve Bank of India design a detailed Know Your Digital Finance App (KYDFA) process that companies have to undertake before they access the Indian banking system