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Indian Banking and Securities IT Spending Will Grow 9% in 2020

The banking and securities sector in India continues to increase its investments in digital business. Its spending on IT in India will total $11 billion in 2020, an increase of 9.1% from 2019, according to the latest forecast by Gartner, Inc. Banking and securities organizations are investing in emerging digital …

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DBS SURVEY FINDS CHIEF FINANCIAL OFFICERS AND CORPORATE TREASURERS IN APAC LEADING DIGITAL TRANSFORMATION

Indian companies lag behind global counterparts in adoption of emerging technologies in treasury function   The inaugural Digital Treasury Index commissioned by DBS Bank revealed that Chief Financial Officers (CFOs) and corporate treasurers (36.1%) in India increasingly see themselves as key to implementing their company’s digital agenda. While this is …

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NiYO Global Card eases forex woes of international students

~ Offers waiver of currency exchange premium, international transaction fee ~ Fintech enterprise NiYO is offering its NiYO Global Card with a unique feature — no forex mark-up — to Indian students travelling overseas for higher studies. The move is aimed at capturing a major share of the international student …

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Financial Technology Firm Clearwater Analytics Opens Office in India

Clearwater® Analytics announced today that the company will open and staff a new office in Noida, India. The new site will be Clearwater’s second development center and provide “follow-the-sun” servicing capabilities for the company’s operations teams. The India office is a strategic addition to current offices in New York, London, …

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BharatPE board appoints former PayU MD Jitendra Gupta

Former MD at PayU, Jitendra Gupta has been appointed by BharatPe, a UPI enabling payments and digital lending for merchants. Post his delink with PayU, this is being known as Jitendra Gupta’ first official association with any company. Gupta gained fame and had become one of the leading faces in …

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Aditya Birla Group shuts all its business around banking

Aditya Birla Payments Bank (ABPB) has decided to shut its banking business. ABPB eventually decides tosurrender the banking licence that it owns to the Reserve Bank of India (RBI). Aditya Birla Payments Bank was known to be one of the 11 applicants to receive approval from RBI to launch a …

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Cash dependency to be prevented by promoting Digital Payments

Prime Minister Narendra Modi, with the launch of the Digital India week in 2015 reportedly said that he dreams of a digital India where e-banking and mobile banking ensures financial inclusion. PM’s vision is eventually turning into reality with the new initiatives taken like the Digital India campaign led by …

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