News Muncher - category fintechs

1 month, 2 weeks ago

Paisabazaar is PB Fintech’s Achilles heel

The September quarter result of PB Fintech Ltd was a mixed bag. Revenue from its core business of online insurance broking through Policybazaar.com grew 41% year-on-year to ₹624 crore. On the other hand, the core non-insurance business – Paisabazzar.com – saw revenue decline 7.14%, from ₹154 crore in Q2FY24 to Rs143 crore in Q2FY25. Healthcare bet Beyond the financials, investors …

Insurance Management Crore Esop Esop Expenses Pb Fintech Q2Fy25

2 months, 2 weeks ago

How Safe Is Your Money in a Fintech, Really?

Bloomberg

Imagine putting your savings into a digital bank, not thinking about it, and waking up one day to find it inaccessible. That nightmarish scenario is exactly what happened earlier this year when fintech startup Synapse Financial Technologies Inc. filed for Chapter 11 bankruptcy – and left as much as $95 million worth of funds missing. Founded in 2014, the Andreessen …

Fintech Synapse

4 months, 3 weeks ago

Adani Super app launches digital lending trials with fintechs and NBFCs: What we know

Hindustan Times

Adani One, the ‘super app’ developed by Adani Group, initiated pilot projects with digital lending firms and non-banking financial companies to provide loans through the platform, it was reported. Adani One is operated under Adani Enterprise Limited’s digital branch Adani Digital Labs Ltd. Citing sources, the report claimed that Adani One is also in discussions with other NBFCs and fintech …

Digital App Report Adani Kreditbee Nbfc

10 months ago

RBI action on Paytm Payments Bank has drawn fintechs' attention to compliance of laws: Chandrasekhar

The Hindu

The Reserve Bank's regulatory action on Paytm Payments Bank has drawn the attention of fintech firms to the importance of complying with laws, Union Minister Rajeev Chandrasekhar has said. In an interview to PTI, Mr. Chandrasekhar — the Minister of State for Electronics and IT — said the issue of Paytm Payments Bank is a case where a hard-charging and …

India Payments Regulatory Regulatory Compliance Bank Fintech Company

1 year ago

RBI enhances UPI payment limits for healthcare and education

The Hindu

Along with steps to protect borrowers availing loans online, the Reserve Bank of India on Friday enhanced the UPI payment limits for healthcare and education from ₹1 lakh to ₹5 lakh, and the limit on recurring e-payment mandates for credit card and insurance premia payments as well as mutual fund investments to ₹1 lakh from the current limit of ₹15,000. …

Rbi Digital Lending Fintechs

1 year, 10 months ago

Fintech-Driven Digital Lending To Bridge Credit Gap In India, Says Report

News 18

The fintech revolution is likely to spur digital lending in India, which is expected to surpass traditional avenues of lending by 2030. This will be driven by deeper inroads being made in the unsecured small-ticket size segment and the secured collateral-based high-ticket size market, according to the latest white paper Fintech-led Digital Lending: Coming of Age by Experian India in …

India Credit Digital Lenders Lending Digital Lending Fintechs

1 year, 11 months ago

How employers can help make their most vulnerable workers financially resilient?

Live Mint

Blue-collar workers are the lifeblood of an enterprise. But even lower frequency but verifiable data related to worker roles, earnings, and employment histories can help fintechs assess risk and serve low-income earners. Work data performs significantly better than traditional credit markers like Bureau scores to enhance inclusion of new-to-credit or thin file borrowers as well as optimise prediction efficiencies associated …

Data Access Financial Services Earnings Low Employers Fintechs

2 years ago

CBDC is the UPI Moment for Fintechs: Rise of CBDC and Death of Crypto - News18

News 18

The fall of fraudulent and failing crypto exchanges is coinciding with the rise of CBDC across the world. CBDC, when programmed to be part of a smart contract, will reduce these layers of paper contracts and checks thus reducing the cost of trade or transactions both local and international. The promise of lower cost and reducing the global banks hegemony …

India International Trade Crypto Bank Digital Currency

2 years, 2 months ago

From obscure bank to a fintech darling: The curious case of SBM

Live Mint

NEW DELHI : What do fintech competitors Slice, Uni and Lazypay have in common? A Bengaluru-based fintech founder said his firm had avoided partnering with SBM India “because we thought it was a regulatorily weak bank". Sometimes, the RBI auditors would visit SBM office and the bank has even been fined," the first official said. With new fintech regulations coming …

India Partnerships Indian Bank Fintech Official Crore

2 years, 2 months ago

There Is A Fintech Revolution Happening In India, And These Are The Factors Driving The Industry

ABP News

India has the highest adoption rate of any country in the world when it comes to financial technology, and this has ushered in a new age for the sector. Fintech's meteoric rise can be attributed to a confluence of factors, including technological advancements, altering social mores, and a regulatory climate that encourages innovation. The India stack and other forms of …

India Financial Indian Digital Fintech Revolution Fintechs

2 years, 3 months ago

TMSEp265: Fintechs, Q&A with Roche family, capital goods stocks, SOVA virus

Business Standard

“All we are saying that follow the traffic rules,” this is what RBI governor Shaktikanta Das told financial technology firms -- which have seen phenomenal growth in the last few years. But their rise is posing a two-fold challenge before regulators and the government: to turn India into a fintech superpower while ensuring that the firms ensure consumer safety. Pharmaceutical …

India Roche

2 years, 4 months ago

The coming Sebi storm for fintechs

Live Mint

MUMBAI : For nearly a week in July, a curious scene played out near the residence of a senior executive of a mutual fund distributor in Mumbai. Selling mutual funds On 6 July, Paytm Money said it’s giving up its RIA license and will work only as a mutual fund distributor to comply with new Sebi norms. “Though platforms provided …

Research Mumbai Money Investment Fintech Investors Sebi

2 years, 5 months ago

Fintech's Halt 'Buy Now Pay Later' As RBI Tightens The Noose On PPIs

Live Law

The FinTech industry has seen an unprecedented rise in the past few years, with many neo-banks, non-bank prepaid instrument issuers emerging in the market with their outrageous claims and services. However, it seems that the RBI has grown weary of the BNPL service, for on June 20 2022, The Reserve Bank of India issued a notification prohibiting non-bank institutions or …

India Credit Bank Fintech Pay Rbi Bnpl

2 years, 9 months ago

How FinTech will shape up in 2022

Firstpost

The current focus of the RBI is on – regulating licensing of payment aggregators, regulation of payments data, and discussions around regulating cryptocurrency and digital lending. Pressure to reduce transaction costs will drive more businesses to adopt technology innovation In today’s extremely competitive business environment, all businesses must invest in technological upgrades to stay competitive and save costs. Banks, to …

Technology India Banking Costs Traditional Digital Fintech

2 years, 10 months ago

Fintech allows small players to compete, rewards those that effectively address consumer needs

Firstpost

With real-time banking capabilities getting enhanced by Fintechs, it has led to higher visibility of cash flow making banking services more effective Fintech, a combination of the words “financial” and “technology,” is a relatively new term that applies to any emerging technology that helps consumers or financial institutions deliver financial services in newer, faster ways than was traditionally available. Let’s …

India Consumer Financial Services Banking Financial Services Digital Payments

2 years, 10 months ago

Fintech firms, facing competition from mainstream banks, step up their offerings

Live Mint

Fintech companies have established themselves as viable competitors in the financial-services business, but now they face a new challenge: Some mainstream banks have started to offer fintech-inspired services such as early paycheck access and no-fee overdrafts. Fintechs, taking advantage of their technological prowess and lower costs, are offering more features that banks generally don’t, such as analysis of customers’ spending …

Financial Services Credit Products Fees Johnson Consumers

2 years, 10 months ago

Union Budget 2022-23: Here's what fintech sector wants govt to focus on

India Today

New-age fintech firms have seen tremendous growth in India over the past couple of years despite the Covid-19 pandemic, but there are some challenges that sector wants the government to address in the upcoming Union Budget 2022-23. KEY EXPECTATIONS S Anand, CEO and co-founder of PaySprint, said, “The Union Budget 2022-23 must strengthen digital infrastructure which would eventually help digitizing …

Budget Fintech Union Budget Budget 2022

3 years ago

Why Sebi’s algo trading proposals worry brokers and fintechs

Live Mint

The Securities and Exchange Board of India has issued a discussion paper on regulating algorithmic trading, or trades generated out of automatic execution and logic. A working group constituted by Sebi lays the responsibility with the brokers as intermediaries and the exchange as the first-line regulator when retail investors subscribe to algo services. Many experts say the paper reinforces the …

Retail Retail Investors Investors Paper Sebi Brokers Algo

3 years, 1 month ago

Global investment money is flooding into Africa’s fintechs

Al Jazeera

Fintech startups drew more than 60 percent of all venture funding that flowed into Africa last quarter. “It’s an amazing validation.” Two years later, Thomson’s experience resonates with hundreds of African founders, as the continent emerges as ground zero for a stunning surge in fintech funding. It’s an amazing validation by Ricky Rapa Thomson, co-founder, SafeBoda In the third quarter …

Global Africa Investment Nigeria Startups Funding Fintech

3 years, 3 months ago

‘Will partner with fintechs to grow biz’

Live Mint

Private lender Federal Bank plans to partner with fintech companies to grow its business. In an interview, chief executive Shyam Srinivasan, who got a three-year extension of his term in July, said he does not plan to grow the recently launched credit card business in a hurry but target about 250,000 issuances a year. It gives you access to a …

Data Bank

3 years, 4 months ago

Banks tap fintechs to deliver new-age credit products

Live Mint

Mumbai: Banks and non-bank financiers are partnering with fintech companies to offer new-age digital products to their customers in areas they would otherwise have to invest significantly more if developed in-house. Moreover, some of these fintechs work on artificial intelligence and machine learning to underwrite credit risk and therefore offer a fruitful addition to legacy models used by banks,” said …

Credit Products Bank Fintech Banks Offer Fintechs

3 years, 4 months ago

To teach them early, fintechs take finance to teens

Live Mint

Pranjal Patel, a 10th standard student in Khandwa, Madhya Pradesh, is like any other 15-year-old: he loves online games and hanging out with friends. In India, at least six startups operate in the kids’ fintech space, including FamPay, Junio, Pencilton, YPay, Visa-networked Walrus, a Y Combinator-backed company, and Yodaa, a product of Singapore-based Atlantis. In March, Delhi-based Junio raised ₹15 …

India Kids Month Card Jain Patel Fampay Junio

3 years, 4 months ago

Fintechs need to be regulated more like banks, says report from global regulator

Live Mint

Calls are growing louder to impose more stringent regulation on technology giants that spill over into financial services. A paper published by the Bank for International Settlements, a consortium of central banks and financial regulators, said tech companies that play a critical role in payments and other areas should be subject to stricter regulatory scrutiny that considers issues beyond traditional …

Financial Regulation Financial Regulation Central Banks Bis Techs Big Techs

3 years, 6 months ago

5 SIP trends in the past 5 years identified by IDFC Mutual Fund

Live Mint

A presentation by IDFC Mutual Fund to its distributors has outlined five key trends in Systematic Investment Plans over the past 5 years - FY2016-17 to FY 2020-21. SIPs steadily rising: The number of SIPs has grown to 3.73 crore in March 2021 from 1.35 crore in March 2017. Of the industry-wide SIP book of Rs9,182 crore in March 2021 …

Crore Sip Sips Direct Plans

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Articles for Fintechs

Paisabazaar is PB Fintech’s Achilles heel

How Safe Is Your Money in a Fintech, Really?

Adani Super app launches digital lending trials with fintechs and NBFCs: What we know

RBI action on Paytm Payments Bank has drawn fintechs' attention to compliance of laws: Chandrasekhar

RBI enhances UPI payment limits for healthcare and education

Fintech-Driven Digital Lending To Bridge Credit Gap In India, Says Report

How employers can help make their most vulnerable workers financially resilient?

CBDC is the UPI Moment for Fintechs: Rise of CBDC and Death of Crypto - News18

From obscure bank to a fintech darling: The curious case of SBM

There Is A Fintech Revolution Happening In India, And These Are The Factors Driving The Industry

TMSEp265: Fintechs, Q&A with Roche family, capital goods stocks, SOVA virus

The coming Sebi storm for fintechs

Fintech's Halt 'Buy Now Pay Later' As RBI Tightens The Noose On PPIs

How FinTech will shape up in 2022

Fintech allows small players to compete, rewards those that effectively address consumer needs

Fintech firms, facing competition from mainstream banks, step up their offerings

Union Budget 2022-23: Here's what fintech sector wants govt to focus on

Why Sebi’s algo trading proposals worry brokers and fintechs

Global investment money is flooding into Africa’s fintechs

‘Will partner with fintechs to grow biz’

Banks tap fintechs to deliver new-age credit products

To teach them early, fintechs take finance to teens

Fintechs need to be regulated more like banks, says report from global regulator

5 SIP trends in the past 5 years identified by IDFC Mutual Fund