Unified payments system to make mobile wallets redundant:Report
The ongoing push by the Reserve Bank to revolutionise banking through the Unified Payments Interface (UPI) will leave mobile…
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BFSI
Like It or Not, Our Financial Lives are Already on the Cloud
With the entry of non-traditional online FinTech players and growth of m-banking changing the traditional ways of operations, the…
“IndusInd is one of the few banks to have adopted a Bimodal IT approach”
The Bimodal IT approach enables the bank to concentrate both on running the lights on kind of operations but still keep working on…
eGovWatch: Sebi, exchanges beef up surveillance; 1,350 entities face axe
Sebi's Integrated Surveillance Department (ISD) receives
information from number of sources such as media scanning, IB
reports,…
NPCI crosses major milestone by bringing in 1000 banks under its network
The National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in the country crossed…
SBI leads mobile banking chart with 38 per cent market share
Registering over 1.5 crore mobile transactions in December, State Bank of India (SBI) continued to be the leader in terms of…
ICICI Bank launches contactless mobile payment solution
To benefit nearly 30 million credit and debit card customers to make in-store payments from mobile phones; First financial…
New algorithm trading norms soon
The Securities & Exchange Board of India (Sebi) is expected to announce new regulations for algorithm trading after its board…
SWIFT launches India services, eleven Banks go live
Eleven banks already signed up and are live on the SWIFT India network. These are now able to exchange financial information…
Industry needs better educated, confident and tech-savvy tied agents
The tied agency channel needs to be revamped. The agents should be empowered more and more with digital tools so that they can…