The dispute regarding ‘Dispute’

Reported by | Updated: September 13, 2017

Shishir Mehta Nikita Nehriya Praneetha Vasan The Insolvency and Bankruptcy Code, 2016 was introduced to consolidate laws in relation to reorganization and insolvency resolution of corporates, firms and individuals in a time bound manner to maximize the value of their assets. However, certain inconsistencies in the wording of the Code has led to a confusion […]

ThreatMetrix Global Shared Intelligence Supports Visa Consumer Authentication Service (VCAS)

Reported by | Updated: August 28, 2017

Contextual Data from ThreatMetrix Helps Visa Provide More Accurate Risk-Based Authentication OVERVIEW There are more than 2.4 billion Visa cards worldwide. With the growth of digital commerce, Visa is delivering innovative solutions to its issuers that replicate the ease and convenience of face-to-face transactions without increasing fraud. A global digital business of Visa’s size and […]

Augmented Underwriting is coming

Reported by | Updated: August 23, 2017

Insurance companies have an inherent bias towards resisting any fast, comprehensive changes. Even within the business value chain, the underwriting business function moves the slowest and puts up the biggest fight against change. But with the swarm of new technologies like Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML) and Automation, the insurance […]

The Millennial Banking Recipe: 3 Key Ways To Meet The Banking Needs of Millennials

Reported by | Updated: August 11, 2017

By the year 2020, Millennials (the group aged 18 to 34) will comprise half the global workforce. There is no arguing that the Millennial demographic is growing, and the economic power of this generation is greater now than in any previous era. These young adults have come of age during a time of technological change, […]

Cyber risk is a business risk as well

Reported by | Updated: July 31, 2017

Banks need to be extra-cautious about the possibilities of ransomware attacks. Atul Gupta, partner – IT Advisory and cyber security lead, KPMG in India, analyzes the scenario and suggests preventive measure Mohan: One of the recent cyber threats is ransomware and its latest manifestation is WannaCry. Can you explain how ransomware can impact security systems […]

Indian Banks outperform consumer expectations

Reported by | Updated: June 23, 2017

Indian Banks performed extremely well in meeting customer expectations in areas of digital payments, omnichannel experience, staying connected and in person service. However, the areas that performed below expectations were Fairness (transparency in how fees and services are priced), Reliability and Transparency in servicing customer aspirations. In an annual survey commissioned by FIS in December […]

Learning from the best: Cyber-attack lessons from the BFSI sector

Reported by | Updated: June 16, 2017

The banking, financial services and insurance (BFSI) sector in India is considered to be one of the most risk prone industries. As transactions and connectivity among consumers become more digitized, the risk profile continues to rise. The proliferation of mobile apps and data is fueling an increase in cyberattacks around the world, often because of […]

Data privacy in the banking sector:striking a balance

Reported by | Updated: May 30, 2017

Manisha Shroff Nikita Nehriya Praneetha Vasan With the increased intervention of technology in the banking sector globally, the need for sophisticated laws to protect customer information has gained significant attention. While several countries have enacted comprehensive legislations to protect customer’s sensitive information, some countries are still in the process of introducing legislations to keep up […]

Will TReDS bring liquidity for MSME sector In India?

Reported by | Updated: May 29, 2017

Micro Small and Medium Enterprises (MSMEs) have been a much-ignored sector in our country and it started to evolve considerably post the independence. It has progressed in scale and in the scope of business activities over the last couple of years. MSMEs are present across sectors (manufacturing, trade and services) in India, thereby constituting a […]

DishaMicrofin’s SFB will focus on women

Reported by | Updated: May 22, 2017

Fincare  Small  Finance  Bank  is  the  name  that  DishaMicrofin’s  venture has. It is about to launch operations and intends to be a fintech company with a banking license Microfinance  company DishaMicrofin, which  is  about to  start  operations  of  its  small finance bank Fincare Small Finance Bank, will continue to have a focus on women and […]

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