Tag "BFSI"

No Pressure about loans, TTK’s new recipe

BANGALORE, INDIA: Despite a ginormous landscape for SME lending market in India, it keeps popping as an

Data and Banks: What works -Dams or Bottles?

Pratima H INDIA: What will happen to Fast-and-Furious sequels? Where would that hard-earned driving license go?

Automated tools must-haves for Indian banks to limit credit risks

CHENNAI, INDIA: Banks mostly rely on internal data to monitor the borrower health that might cause trouble in the future. The absence or minimal use of external data (from an availability and quality point of view) doesn’t help in taking

DCB bank now lets you open account with iris-scan

MUMBAI, INDIA: DCB Bank has introduced eye scanning technology to open new accounts. This novel biometric authentication does away with submission and verification of KYC documents, and sets a new benchmark in digital identification. The bank ran a pilot programme

Karnataka Bank goes live with i-exceed’s Appzillon mobile banking

BANGALORE, INDIA: Karnataka Bank has rolled out the new version of its mobile banking app developed by enterprise mobility solutions provider, i-exceed Technology Solutions. The Appzillon Mobile banking app will enable customers to perform a large portion of their banking business

Here’s all you want to know about Airtel Payments Bank

India’s first payments bank by Airtel has commenced national operations in all 29 States of India from today. Union Minster of Finance and Corporate Affairs, Arun Jaitley formally launched Airtel Payments Bank’s national operations in New Delhi yesterday. Airtel Payments Bank,

Commoditization eventually moves you away from customer experience- Are banks listening?

Ashok Kapoor If you follow the trend of the last few years, customers have been moving towards a transactional relationship with banks. This is what banks wanted at some point of time—with online banking, ATMs and IVRs—to save on operational

Axis Bank brings chat bots in its app to let users transact and keep track of spends too

MUMBAI, INDIA: Axis Bank has partnered with Active.ai, a Singapore-based fintech platform, to launch intelligent banking chat bots that will bring mobile banking services for its customers in the form of a conversational interface. This will enable users to chat

Rising cyber-attacks demand organizations to be on ‘high alert’ always

Kartik Shinde While some of the country’s premier banks are reeling under the recent cyber-attacks, in one of the financial sector’s biggest data breaches, it’s time for the Indian banking ecosystem to pause and realize the significance of implementing proper

Don’t panic about Rs. 500/1000 notes. Banks reassure

INDIA: Yes, it has understandably caught most people in a surprise-surprise way but then PM’s Modi surgical strike on black money with sudden announcements on existing Rs.500 and Rs.1000 denominations getting wiped out, should not be a deer-in-the-headlights moment for the

Wipro launches open banking API platform to help BFSI clients enhance digital offerings

BANGALORE, INDIA: Wipro has launched its Open Banking API (Application Programming Interface) Platform. The Open API platform, will enable banks and financial institutions to launch Open Banking initiatives and create new forms of distribution channels and servicing capabilities, provide access to

Bank in Canada steps ahead on payment tech

LONDON, UK: Intellect iGTB has announced that its client CIBC has implemented phase 1 of the bank’s next generation payments infrastructure for business clients. CIBC’s goal is to drive growth by leading with innovation while helping to simplify how clients manage their

Robotics: ICICI Bank gets the new denomination

MUMBAI, INDIA: Software robotics led business processes could hit a number of 500 by end of this fiscal, ensuring that software robots undertake 20 per cent of the business processes at a place where more than 10 lakh transactions a day

Yes Bank is all ready to say Yes to UPI

MUMBAI, INDIA: Yes Bank has commenced what it calls, a first-of-its-kind Unified Payments Interface (UPI) services by partnering with 50 businesses, to catalyse one of the biggest payment innovations in the banking universe with an aim to make fund transfer easier

Part 2: The road ahead for banking sector

The emergence of disruptive new fintech startups, new govt. schemes and policies for banking the unbanked, the RBI issuing differentiated licenses for payments banks, etc. have opened a floodgate of new opportunities for both the new and traditional players in

Part 1: The road ahead for banking sector

The Indian banking sector is witnessing a dramatic change and disruptive innovation beyond traditional banking as we know it today. This is a result of a mix of events, like the emergence of disruptive new fintech startups, new govt. schemes

What makes APAC Fintech take a lead over North America and Europe?

HONG KONG: Investments in Asia-Pacific financial technology (fintech) ventures, primarily in China, reached $9.62 billion as of July 31, more than twice the $4.26 billion invested in the region in all of 2015, according to Accenture analysis of CB Insights

Blockchain: Made of Steel, Copper or Mercury?

Pratima H INDIA: Whenever something new happens, people first ask ‘why’ until they slowly move to ‘how’. In the case of a disruptive financial paradigm called Blockchain (which we covered on many dimensions already), the initial question however appeared to

Financial services cos to digitize more offerings for ‘Digital Natives’

Veetika Deoras Digital slowly, but surely is becoming the new normal. Customer-centric digital platforms have driven transformational change and have single handedly changed the face of many an industry. Amongst the sectors that have undergone a major disruption, Financial Services

Blockchains and Banks: The Blind Date has begun

Pratima H INDIA: When one first stumbles upon the words – hard fork and soft fork, one is inclined to check if it’s some cooking reality show running by mistake. But no, this is about money, of all things, and