Fintech and Digital Lending (Video)
With the evolution of technology, the way of executing documents have also evolved. With the increasing demand for modern, convenient methods for entering into binding transactions, electronic agreements and electronic signature have gained a lot of momentum in recent years. Technological developments have not only changed the ways in which these transactions are entered into but the execution process has also revolutionised significantly. Speaking about e- agreements, while there has been various case laws, wherein email between parties has also been accepted as a binding contract, the validity and enforceability of click- wrap agreements still continues to be a cause of concern. RBI's Working Group on Digital Lending, in its recent report dated 18.11.2021, has made far reaching recommendations on digital lending. In this video, the expert will speak about implications of the report for industry players, and his learnings/ suggestions.