Bankingtech

At a time when traditional lenders have slowed down on their lending plans, fintech lenders like BharatPe have kept their taps on.

Zeta appoints Abhishek Sen as new COO

Abhishek Sen comes with years of experience at large firms like Myntra, Aon, SAP Labs, Britannia and others.

Signzy launches video conferencing tool for secure communications between banks and customers

The Signzy VC tool uses Artificial Intelligence to enhance security and reliability and thus aims to deliver seamless business continuity for banks, FIs and other organizations during the prevailing national lockdown.

Equitas Small Finance Bank announces self-onboarding digital banking services

Offers digital banking with Selfe FDs and Selfe savings accounts during the national lockdown.

How the global banking system is responding to coronavirus pandemic

Amidst the financial worries, banks buckle up to mitigate the impact of lockdown

Point-of-sale lending can be the next big thing

The availability of credit at the point of sale is more or less absent for a vast majority in India, especially when the latter is digital.

Bengaluru’s Jana Small Finance Bank launches digital banking platform

DIGIGEN also offers a host of other exciting features, including online bill payment, instant money transfer and airport lounge access on debit card, to name a few.

India Post Payments Bank – the common man’s banking partner

After garnering more than 2 crore customers within two years of operations, India Post Payments Bank enabled almost 6.5 lakh transactions during the lockdown, till March 31, 2020

COVID-19 crisis: How fintechs are changing the payment norms

Fintech apps are going to play a major role by facilitating access to financial services in the post-COVID world.

Indians propel Google Pay, PhonePe as top fintech downloads in Feb 2020

Google Pay had 15.6 million installs globally in February 2020, followed by PhonePe, which registered over 6 million downloads. India accounted for a bulk of these downloads at 83.6 percent and 99.3 percent, respectively.

Securing payment card data during COVID-19 pandemic

The PCI Security Standards Council provides necessary guidance to the payments industry during these evolving circumstances related to COVID-19.

Cryptocurrency can now be used to shop from online stores

All users registered on the platform will be able to buy consumer electronics with cryptocurrency. Among the supported tokens are stablecoins USDT, USDN, PLC, as well as the CNB exchange token.

ICICI’s WhatsApp banking is setting new service standards in retail banking

A digital step from ICICI Bank to ensure social distancing during the coronavirus pandemic

Xtensifi adds open banking consulting as a service for FIs, FinTech firms

Xtensifi enables banks and credit unions to be the primary hub for when and where consumers authorize their data.

FinTechs, banks play a vital role in engaging customers amidst the COVID-19 spread

Traditional banks may not have all the capabilities to support a new payments order and must collaborate with FinTechs that are flexible and more capable of satisfying digital needs of the end customer effectively and quickly.

Western Union expands its digital services

Western Union continues to expand digital services and account payout during COVID-19 pandemic; Now in 75 countries with payout in 200 countries globally.

India poised to lead the world in real-time payments volume in next 5 years

More than half a trillion real-time payments transactions will be processed over the next five years according to Prime Time for Real-Time, a new global report from ACI Worldwide and Global Data.

Drones take banking & insurance sectors to a new high

Drones can play a very important role in all stages of insurance claim cycle and thus improve claims management and curb frauds.

How fintechs can bridge India’s wide invoice financing gap

Traditional financial institutions cater to the short tail of vendor and distributor bases of large enterprises, leaving a large segment of business unaddressed. Supply chain financing fintechs can fill this lacuna.

When digital payment wave lead to ‘unbanking’

Ironically, fintechs and cashless payment technologies who promise to ensure financial inclusion often achieve the opposite results

Global fintechs lend a hand to banks in testing times of Covid-19

Amidst the corona chaos, fintech lends helping hands to the banks.

Tassat appoints Krishna Prasad as CEO

FinTech entrepreneur and institutional veteran tapped to grow blockchain-based technology solutions for digital payments and digital exchange businesses

Global eRetail transaction values to reach $4.8 tn by 2024

This growth will be driven by emerging markets, with China having 62% value growth over the next 4 years.

Credit healthy habits you must practice

In the absence of a credit history you won’t have a credit score, which directly impacts your chances of getting credit.

NPCI urges Indians to use digital payments to reduce social contact

NPCI, along with banks and ecosystem partners, is ready and committed to help every citizen through robust digital payment infrastructure.