Who Are We

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Unified Fintech Forum (Formerly, DLAI), comprising 120 members, is a national-level industry association of Fintech firms in India.

UFF was formed in the year 2016 . The primary objective of UFF has been to bring together Fintech ecosystem, digital lenders – MSME & Consumer, marketplace platforms and industry members to create a platform for sharing best practices, conduct research on innovative business models and work with regulators, industry experts & other government bodies to set the broad contours on policy matters beneficial to the entire digital credit industry.

The key objectives of the Unified Fintech Forum are:

  • To promote the responsible growth of the Fintech sector by creating awareness amongst key stakeholders including customers, companies, partners & regulators
  • To foster innovation in Fintech and promote new business models like marketplace platforms, online aggregators, etc. in India
  • To represent, advise and consolidate the efforts of the Fintech Industry
  • To strive for a model code of ethics to be followed by each member of the Unified Fintech Forum
  • To share best practices amongst members and spearheading collaboration opportunities with international partners
  • To aim for financial inclusion at the lowest level and facilitate the reach of financial services to the last mile

Unified Fintech Forum’s body of work:

Over the years, UFF has played an important role in representing, advising and consolidating the efforts of the Fintech players amidst regulatory bodies. Some of the recent examples include

Steps to support the moratorium to be extended to Fintech: At the beginning of the lockdown, when many large financial institutions were delaying the decision on passing on the moratorium benefits to Fintech, UFF took active steps in formulating and representing the interest of Fintech firms amidst regulators and government bodies.

Privacy Law: UFF’s team put together their recommendations and suggestions for maintaining a balance between representing a customer’s interest and regulatory requirements for data privacy. For e.g. UFF had suggested Video KYC as an option for KYC.

P2P Guideline: Post its submission to RBI regarding the P2P guidelines, many of its recommendations and concerns were clarified via a further set of guidelines and FAQs.