All posts by banking

UMANG app services triple during lockdown

Reported by | Updated: February 24, 2021

Its international version will help Indian international students, NRIs and Indian tourists abroad, to avail services from GoI, anytime: The Unified Mobile Application for New-age Governance, or UMANG, mobile app is a Government of India released all-in-one single, unified, secure, multi-channel, multi-lingual, multi-service mobile app, providing access to high impact services of various central and […]

RBI comes out with guidelines to strengthen digital payments systems

Reported by | Updated: February 19, 2021

The Reserve Bank of India has issued detailed guidelines to banks and financial services institutions on strengthening digital payments architecture and improve security, control and compliance. The guidelines are applicable to banks, payment gateways, wallets and other non-banking entities that are involved in financial transactions in the country. The new rules are intended to create […]

BEGIN India Think Tank to help government in tracking crypto abuse

Reported by | Updated: February 18, 2021

The Government of India is serious about implementing crypto forensics software tools for strengthening anti-money laundering systems in banks and financial services institutions by creating its own regulation and tracking capability. It is now examining a possible collaboration with crypto forensics pioneers BEGIN India Think Tank and its technology operations partner Human Star so that […]

Digital Payments in India Report

Reported by | Updated: February 15, 2021

Digital Payments in India Report February 2021 With the Government of India allotting Rs 1500 crore to boost the structure of digital payments in the country, it is expected that both the payments and the embedded finance space would see more traction in the coming months. A research report by Digital Fifth (To read the […]

SBI MF migrates to newer technologies for better CX

Reported by | Updated: February 15, 2021

The company has already seen a substantial increase in the traffic on both its website and mobile app: SBI Mutual Fund is one of the most tech savvy fund houses in the industry. R. S. Srinivas Jain, Chief of Strategy, Digital & Technology, who has an experience of over 21 years in the financial services […]

3 Milestones in AI

Reported by | Updated: February 15, 2021

  Deepak Sharma, President and Chief Digital Officer, gives insights about the progress of AI at Kotak Mahindra Bank: Ravi Lalwani: Briefly describe the key AI project during the lockdown. During the pandemic, Kotak Mahindra Bank has continued with its digital-first organic growth strategy, which is driven by its ABCD charter that focuses on – […]

Essar Capital selects Yotta for data center consolidation

Reported by | Updated: February 15, 2021

Yotta Infrastructure said Essar Capital has undertaken a large-scale digital transformation initiative by consolidating its various on-premise datacenters into Yotta’s state-of-the-art Yotta NM1 datacenter at Panvel, Navi Mumbai. This move was prompted by growing demand of IT enabled services and new technologies by various Essar companies. Yotta got the contract after a thorough evaluation of […]

NTT uses its unique solution for an Indian bank

Reported by | Updated: February 15, 2021

NTT, a world-leading global technology services provider, said it is strengthening the IT infrastructure ecosystem at one of India’s premier banking institutions through the deployment of its software-defined infrastructure solutions. NTT has enhanced efficiencies within the client’s virtualized environment, by integrating a software-defined storage solution with their existing private cloud to enable business agility and […]

BNPL trend catching on in India

Reported by | Updated: February 15, 2021

The ‘Buy Now Pay Later’ (BNPL) trend, which has hitherto been popular in the purchase of smartphones, has found favor with other categories of the EMI economy for purchases of products varying from musical instruments, kitchen equipment and even shirts and dhotis as more and more people stay at home during a pandemic. These insights […]

PhonePe ties up with Axis Bank for UPI transactions

Reported by | Updated: February 15, 2021

Axis Bank and PhonePe are collaborating on the UPI multi-bank model giving users the option to create and use multiple UPI IDs with Axis Bank’s ‘@axl’ handle. In addition, PhonePe will start acquiring merchants with Axis Bank in addition to its partnership with Yes Bank. This is in line with the company’s philosophy of offering […]

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