For a long time, traditional banks, primarily built on the premises of physical branches, struggled to capitalize on technology-enabled innovation. The highly regulated banking and finance industry...
Dec 22, 2021
The joint parliamentary committee (JPC) has released a reworked version of the much awaited data protection bill 2019, now called the “Data Protection Act of 2021” (2021 Bill). The bill was tabled in...
Dec 17, 2021
Fintech adoption was already on the rise prior to the COVID-19 pandemic. However, the uncertainty related to the pandemic accelerated shift towards digital financial life and it became an...
Aug 23, 2021
To say that the FinTech sector in India is among the fastest growing industries of the country would be a gross understatement. India has become Asia’s largest destination for FinTech investments,...
May 26, 2021
Artificial Intelligence (AI), banking and insurtech emerged as the most mentioned trends among fintech influencer discussions on Twitter during the fourth quarter (Q4) of 2020, according to...
Feb 05, 2021
42% of global consumers use a free FinTech application or platform. Of those, half (50%) do not know if the app they use sells their data, according to ESET’s survey. ESET has explored the topic of...
Feb 01, 2021
As the COVID-19 pandemic continues to create economic uncertainty, several fintechs have started to realign their growth strategies. While some fintechs have been at the forefront to grab new...
Jan 21, 2021
Brett King, futurist and founder of Moven, the first mobile bank, predicted in his famous ‘Banking 4.0: Banking Everywhere, Never at a Bank’ in 2019, “It’s (Banking) all about the experience. Any...
Oct 26, 2020
Global day-to-day purchases have seen a drastic reduction, even though e-commerce is booming. This, coupled with regulatory changes – such as the Bank of England reducing interest rates from 0.75% to...
Sep 29, 2020
More than half of financial services companies plan to accelerate implementation of their next generation technology strategies, according to Broadridge Financial Solutions’ global survey of 500...
Jul 08, 2020
China’s fintech startup ecosystem survived as the breeding ground for venture capitalists (VC) over the last two years despite India marginally surpassing in the third quarter (Q3) of 2019. However,...
May 26, 2020
The stock market regulator, Securities & Exchange Board of India (SEBI) has decided to allow live testing of new fintech products, services and business models by companies on select customers....
Feb 17, 2020
While the digital wave has touched upon almost every industry in India, the banking system has witnessed a transformational change. However, as digitization becomes the top priority for every bank,...
Jun 03, 2019
Financial services firms today are facing mounting competitive pressure to streamline operations while delivering a differentiated experience to their customers, including leveraging new technologies...
May 06, 2019
Fortinet has said that the general lack of cybersecurity safeguards in fintech companies has raised serious concerns around data protection and compliance, especially with the implementation of...
Apr 11, 2018
This week, three Indian factoring exchanges and the American blockchain technology firm MonetaGo announced launching of a full-fledged blockchain. The yet-unnamed blockchain, built on HyperLedger...
Apr 06, 2018
Indus Valley Partners (IVP) revealed the findings of an online survey with the Indian MBA and Engineering students. As per the findings, 63% of the students believe that India is ready to become the...
Mar 08, 2018
The Government of Andhra Pradesh has signed a Memorandum of Understanding (MoU) with ConsenSys, as an additional step to bolster the state’s blockchain ecosystem. The partnership seeks to incubate an...
Mar 06, 2018
2017 was a great year for fintech mainly because global investors are making targeted investments on value and long-term sustainability in the market. Global research firm, KPMG, has said that the...
Feb 14, 2018
Global digital payments volumes are predicted to increase by an average 10.9% through to 2020, reaching nearly 726 billion transactions, according to the World Payments Report 2017 (WPR 2017)....
Oct 10, 2017
Andhra Pradesh has become the first state in the country to pilot blockchain technology in two departments and plans to deploy it across the administration, said Chief Minister N. Chandrababu Naidu...
Oct 10, 2017
Indian organisations rank quite low in cyber-security preparedness, with startups being the worst performer among them, according to a report by FireCompass. As per the report, the startups scored...
Sep 01, 2017
In the past, investing or managing money was left to professionals since the tools and know-how was limited. Over time, there has been a lot of movement across various spaces but our interactions...
Jun 06, 2017
Even as financial institutions across the globe learn to partner with Fintech, the partnership is likely to see the steepest growth in India this year. The partnership between financial institutions...
Apr 24, 2017
Distributed Ledgering Technology (DLT) refers to any system providing an asset database or a ledger that enables a seamless and distributed participation of cross-organization entities. The system...
Apr 20, 2017
An estimated two billion people have no access to banks and hence rely on cash and inefficient transfer systems to participate in their economies. These people effectively operate outside the...
Apr 10, 2017
Two promising technologies, artificial intelligence and blockchain, have our undivided attention. However, while blockchain is an entirely new content; artificial intelligence has been around for a...
Mar 29, 2017
A lot is written about the digital transformation efforts in Indian organizations. Some surveys have gone too far to claim that 84% of Indian businesses are seeing moderate to significant...
Mar 23, 2017
With the idea of blockchain as a disruptive technology gaining ground, each country is looking to chart its own path—based on both global learning and domestic ground reality. India is no exception....
Mar 23, 2017
It is immensely unfair today to introduce blockchain as the technology behind bitcoin. While it is a fact—and everybody knows it—that it is indeed is the technology that powered the most successful...
Mar 21, 2017
Banks may become the early adopters of the blockchain technology. Recently, State Bank of India (SBI) has taken the initiative to spearhead India’s first Blockchain exploration consortium for banks...
Feb 17, 2017
Imagine that you called your bank’s customer care number and a machine responded to you in your preferred language, understood your problem and solved it immediately – much quicker and more...
Feb 10, 2017
Recent KPMG and CB Insights research suggests that a total of USD 5.7 billion was invested in Fintech in the first quarter of 2016 alone. While companies in China and the US receive most of this...
Feb 09, 2017
With the Institute for Development and Research in Banking Technology (IDRBT), the nodal technology research centre set up by RBI announcing a successful trial of blockchain technology involving a...
Jan 25, 2017
For any technology to travel the distance from hype to reality, its early adopters play an instrumental role. When it comes to blockchain – it is a technology that everyone has been talking about....
Dec 14, 2016
Over 2 billion mobile users will have used their devices for banking purposes by the end of 2021, compared to 1.2 billion this year globally, analysts at Juniper Research said. Growth in mobile...
Oct 19, 2016
Not long back, Indians were skeptic of making online transactions or of doing card payments. Now, it is predicted (by BCG and Google research) that digital transactions will surpass the cash...
Oct 13, 2016
What exactly is UPI? UPI basically is a singular model which generates unique code or identity, much like an email address, for a person linked to their bank accounts via mobile application. Now,...
Oct 10, 2016
India has the opportunity to save 70,000 crores or USD 10.4 billion in the next five years by thanks to Fintech, as per research by VISA, a payment technology leader. Cash costs India as much as 1....
Oct 07, 2016
Amid a tougher climate for marketplace lenders and a drop in mega-round activity, investment to VC-backed fintech startups fell 49% according to KMG and CB Insights report. Despite this decline, VC...
Oct 05, 2016
Aug 25, 2016
Customers used to be loyal to there banks, but it is no more the case in the days of customer-centric banking. More the banks take time in adopting the modern financial technologies (FInTech), more...
Aug 24, 2016
At the sildwalks of the 17th Annual CIOandLeader conference (CIOandLeader2016) Dilip Pandya, SVP & Head - IT & Shared Services, Indusland Bank shares that banks are facing difculty in...
Aug 24, 2016
Banks in the present scenario need to think beyond everyday banking thanks to budding digital ecosystems that are causing economic disruptions and pushing banks for next major stage of banking...
Aug 11, 2016
Fintech platform revenues for unsecured consumer loans issued using machine learning technology will jump to 960% during the period 2016-2021, as per Juniper Research. Juniper, a market research firm...
Aug 10, 2016
Saurabh Chandra, Head IT for Myntra shares that there is need for CIOs to come out of control structure. Talking at the sideline of CIOandLeader 's 17th Annual CIO and Leader Conference,(...
Aug 10, 2016
A US court has ruled that Bitcoin is NOT money. It has regarded Bitcoin—one of the pillars of blooming fintech industry—as a close reference to money but has ceased to accept it as the mode of...
Aug 08, 2016
FinTech is a big buzzword. No one has any doubts that it has the potential to revolutionize the financial services in particular and businesses in general. While in the West, Fintech has been seen by...
Aug 02, 2016
The Reserve Bank of India has set up an inter regulatory Working Group (WG) to study the entire gamut of regulatory issues relating to Fin Tech and Digital Banking in India. RBI’s financial stability...
Jul 15, 2016