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India Insight – RBI holds the key to growth pickup in year ahead

Reported by | Updated: January 11, 2018

India’s growth is poised to pick up in the coming fiscal year, as structural reforms clear bottlenecks and a streamlined goods and services tax framework leads to increased efficiency. The government’s effort to rein in the budget deficit will remain a headwind. Slowing inflation though, will allow the central bank to cut interest rates — […]

Beefing up security with increased gold loans

Reported by | Updated: December 20, 2017

Gold has always been and still continues to be the most valued commodity/investment-whether it is in the form of jewelry, coins and other assets. Though gold is a highly liquid asset, it is only recently that consumers have learnt to leverage it effectively to meet their liquidity needs. Many banks today are seen to be […]

The SaaS-ification of business apps

Reported by | Updated: December 18, 2017

Nikhil Bagalkotkar, presales head – Virtualization, Citrix India, outlines the preparedness banks and financial services institutions need to adopt in the digital world:  Mohan: As a technocrat, what do you think are the major technology challenges that banking sector faces today? How different are these challenges for Indian banks? Nikhil Bagalkotkar: In today’s day and […]

Top 10 fintech trends that could influence the banking industry in 2018

Reported by | Updated: November 23, 2017

Through 2017, we have seen technological advancements, new regulatory policies and ever demanding customers reshape the banking industry’s landscape. For some time now, incumbents of the financial sector have been under pressure to address the demands of the well-informed millennial customer while staying relevant and profitable at the same time. Gone are the days when […]

The new “B’s” of Banking: Bots and Biometrics

Reported by | Updated: November 22, 2017

Digital is redefining just about every industry today and the financial sector is at the forefront of this trend. India is no exception, with the government seeing digital transactions as a major part of its Digital India vision: the government has set an aggressive target of 25 billion digital financial transactions by March 2018. Digital […]

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 […]

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