Natural Group (Natural Support Consultancy Services Private Limited) is honored to announce its selection as one of the elite few for the Reserve Bank of India’s (RBI) inaugural Regulatory Sandbox (RS) cohort. This landmark recognition places Natural Group at the forefront of financial innovation in India, tasking us with testing groundbreaking solutions under the theme of Retail Payments.
As a veteran in the fintech landscape founded in 2005, Natural Group was chosen from a competitive pool of 32 high-caliber applications to participate in this maiden test phase. This selection underscores our commitment to developing secure, accessible, and cutting-edge financial technologies that align with the national vision for a digitally empowered economy.
Pioneering Innovation in a Regulated Environment
The RBI’s Regulatory Sandbox provides a controlled environment for fintech leaders to live-test innovative products and services. This initiative allows us to gather critical evidence on the benefits and risks of new technologies while ensuring consumer protection and regulatory compliance.
Strategic Highlights of the RBI Cohort:
- Thematic Excellence: Natural Group is part of the first-ever cohort focused specifically on Retail Payments, a sector vital to India’s digital transformation.
- Early Mover Advantage: Alongside industry peer Nucleus Software, Natural Group was among the first two entities disclosed by the central bank to commence product testing, beginning our phase on November 16, 2020.
- Rigorous Selection: Being one of only six firms chosen nationwide validates our technical expertise and the transformative potential of our payment solutions.
Driving the Next Wave of Retail Payment Solutions
In an era where the central bank is placing a “renewed focus” on financial technology innovation, Natural Group is proud to contribute to the evolution of India’s payment ecosystem. Our participation in the Sandbox allows us to refine technologies that bridge the gap between traditional banking and modern digital needs.
While the commencement of testing faced industry-wide delays due to the global pandemic, Natural Group remained steadfast, leveraging this time to further harden our systems for the rigorous RBI testing standards.
Our Role in the National Fintech Roadmap
The RBI has since expanded the Sandbox initiative to include themes such as cross-border payments and MSME-focused lending. By participating in the foundation-laying first cohort, Natural Group is helping set the benchmark for how innovation is managed and promoted across the financial sector.
A Legacy of Trust, A Future of Innovation
Natural Group’s inclusion in this prestigious group is a testament to our nearly two decades of service and our relentless pursuit of excellence. From our headquarters in Jaipur to the national stage at the RBI, we continue to prove that experience and innovation are the keys to a more inclusive financial future.
We look forward to sharing the results of our testing phase as we continue to work closely with the Reserve Bank Innovation Hub (RBIH) and other regulatory bodies to shape the future of “Bharat”.
