Key details at a glance
Fintech software splits into three core product areas: lending (credit scoring, underwriting), payments (gateway, reconciliation, fraud detection), and KYC/AML (identity verification, transaction monitoring). RBI NBFC guidelines govern lending products; PCI-DSS alignment is required for any system handling card payment data. PMLA (Prevention of Money Laundering Act) compliance is mandatory for KYC/AML workflows in Indian fintech. Every fintech system needs an immutable audit log, role-based access control, and a security review before every major release — these are not optional.
