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 …
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 …
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 …
