Highlights of Indian Overseas Bank’s recent digital initiatives
The Indian Overseas Bank recently launched a sound pressure level meter, an IoT device initiative to solve customer grievances at…
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banks
RBI plans on ensuring ATM security contingent to banks’ funding: CATMi
The ATM industry association made a case for White Label ATMs (WLAs) or ATMs that are owned by private operators and not banks. It…
Banks can now join UPI without becoming issuer
The National Payments Corporation of India (NPCI) has allowed banks who do not act as issuers in the payments ecosystem to join…
UIDAI eases daily Aadhaar updation target for bank branches
In a major breather to banks, the UIDAI has halved the daily minimum Aadhaar enrolment/ updation target for stipulated bank…
IoB launches IoT based customer service application
To increase customer satisfaction at the branch, IOB has introduced three initiatives with IoT
RBI lists supervisory and risk management steps for banks
The central bank has directed all banks to implement as many as 29 measures — from creating an alert system by June 30 on breach…
RBI directs banks to audit SWIFT transactions by June 30
The central bank, under attack over its supervisory framework following the fraud, has already directed all banks to link SWIFT…
Invisible banking for all
Giant leaps in technology enabled the banks to embrace internet banking and the age of glass introduced the mobile phone, which…
Bank-Chain: India’s first Blockchain exploration consortium launched for banks
Bank-Chain, India's first Blockchain exploration consortium for banks was announced in Mumbai on 8th February, 2017. State Bank of…
How Cloud-based technology can help banks reduce rising NPAs
By using Cloud-based technology the process of loan allocation will become transparent. By ensuring the use of an ERP like Deskera…