BFSINxt.com is a community portal for aspiring BFSI leaders where we track the key technology and digital led developments in the Banking, Insurance, NBFCs.
Joined October 2021
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Cultivating trust & building a successful customer-centric banking strategy requires secure foundation: @vishakraman1
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@bfsinxt @Fortinet
Worldline and @NPCI_NPCI International to empower mobile payments for Indian tourists in Europe
The collaboration will see Worldline become the first EU acquirer to offer Unified Payments Interface (@UPI_NPCI) and @RuPay_npci. Read more - bfsinxt.com/index.php/2022/1…
Banks need to step up payment services to support SME as backbone of the economy: Capgemini Report
According to #Capgemini Report, 89% of small and medium businesses (SMBs) are considering switching to challenger banks and alternative #PayTech providers. 🔗shorturl.at/dMSU8
Union Bank of India launches Ethical Hacking Lab
A. Manimekhalai, MD & CEO, Union Bank of India, said, “Union Bank is adopting Digital Products in a big way. Various new initiatives are taken by the Bank to increase Digital Footprints. bfsinxt.com/index.php/2022/0… @UnionBankTweets
Understanding Credit Risk Decisioning by leveraging Emerging Tech
Watch the full video here -
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Video partner - @ProvenirGlobal
#bfsinxt #video #fintech #risk
MAS Financial Services Limited and @IFSCA_Official to Pursue Cross-border #FinTech Innovations
Sopnendu Mohanty, said, “This CA builds on the Memorandum of Understanding on Supervisory Co-operation signed between MAS and IFSCA in July 2022.
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The reinsurance prices are yet to be hiked even as the negotiations are going on, which the impact might in case of price hike would be seen in due course. #lifeinsurance #insurance
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Beyond basic banking services and access to funding and advisory, @YESBANK will also extend its digital infrastructure to help early stage fintech start-ups get ahead in the marketplace.
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Low value @UPI_NPCI transactions utilise significant system capacity and resources, at times leading to customer inconvenience due to transaction failures because of issues related to connectivity.
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To deepen financial penetration, it is important to bring feature phone users into the mainstream digital payments. #UPI #DigitalPayments
Read here - bfsinxt.com/index.php/2021/1…
The Reserve Bank of India (RBI)'s Monetary Policy Committee on December 8 decided to keep the benchmark report and reverse repo rates unchanged as it thought about uncertainty brought by the Omicron variant and rising input cost pressures. @RBI #RBI
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The wealth management business is @TheOfficialSBI's top priority and its primary task is to offer best products across categories from leading fund houses giving customers flexibility to invest, transact and view their portfolio across digital channels.
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The tie-up is enabled by API integration where sellers can avail an OD from the bank instantly from application to sanction to disbursement digitally. Sellers can avail of ODs from @ICICIBank if they are registered as sellers with @Flipkart
Read here - lnkd.in/gEfFRBXp
Acquiring institutions (banks and non-banks), registered under the PIDF Scheme, commit region-wise deployment targets, submit deployment statistics and claim subsidy for devices which fulfil the prescribed criteria. @RBI #digitalpayments #payments
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The winner will get Rs 40 lakh and runner-up will get Rs 20 lakh, the registration for the hackathon starts from November 15, 2021 and closes on December 15, 2021. @RBI #DigitalPayments
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The card network was barred from onboarding new domestic customers due to non-compliance with data localisation norms in April 23, 2021. @DinersClub
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India is now ahead of China in financial inclusion metrics: SBI Research
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RBI approves appointment of Baldev Prakash as @JandKBank's MD & CEO. Prakash is currently Chief General Manager at @TheOfficialSBI
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Wealth management platform, @_groww has raised $251 million at a valuation of $3 billion, led by @ICONIQGrowth. #WealthManagement
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