India, April 4 -- New Delhi India Fintech Foundation, a newly proposed self-regulatory organisation (SRO) for the fintech sector, was unveiled at the Startup Mahakumbh event in Delhi, media reports said.

Sai Sudha Chandrasekaran, formerly the head of foreign direct investment (FDI) for the Asia-Pacific region at Invest India under the Ministry of Commerce, has been appointed as the chief executive officer of the India Fintech Foundation (IFF), Business Standard reported.

The IFF board includes key fintech entrepreneurs from firms such as Lendingkart, Jupiter, Fi Money, and OneCard, alongside representatives from regulatory bodies and banks. The foundation currently has 100 members.

As a self-regulatory body, the IFF will act as a bridg...