Becoming an NBFC is a more strategic, business play. And fintechs looking to build a topline on lending off their books will continue to do so (there are other, more regulatory factors impacting this).
However, as a second-order effect, the customer pool may potentially become thinner with customers getting more touchpoints to take credit from, assuming OCEN democratises lending capability and brings in more lending fintech companies. It should not take away any intent from lending fintech companies to travel the NBFC path though.
Becoming an NBFC is a more strategic, business play. And fintechs looking to build a topline on lending off their books will continue to do so (there are other, more regulatory factors impacting this).
However, as a second-order effect, the customer pool may potentially become thinner with customers getting more touchpoints to take credit from, assuming OCEN democratises lending capability and brings in more lending fintech companies. It should not take away any intent from lending fintech companies to travel the NBFC path though.