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Narayan Ramamoorthy, CRO, Global PayEX outlines his views on this year’s budget. He said, “The budget is focused on growth. ”  “From lending perspective, the setup of the ARC and the AMC, as re-construction and asset management companies for stressed assets will unleash capital for SMEs and MSMEs. GST collection …

Sarat Mohanty, Head Global Supply Chain Finance Implementation, Standard Chartered Bank, Singapore throws light on key to cloud transformation journey.

Rajendran N, CEO, IFTAS  (A Wholly Owned Subsidiary of Reserve Bank of India) shares his view on the future of money.

“VR and AR are augmenting the financial industry by the way of customer service delivery” –How critical is fraud detection in the finance vertical? This is a big pain area now. In the Reserve Bank report there is mention about Rs 70,000 crore of fraud that has been detected over …

India’s financial technology sector may be younger, but is developing hastily, serviced by a big marketplace base, an innovation oriented startup landscape, and friendly government guidelines and ordinances. Fintech market in India is likely to expand to $31 billion in 2020, Niti Aayog CEO Amitabh Kant said at an event …

Even though, over 9 million GST-registered Enterprises could become a potential market for advanced offerings from fintech companies, Digital payment technology and payment gateways have turned into a major player in contributing with significant value for micro, small and medium enterprises (MSMEs). According to the Indian MSME Impact Report 2019 …

Yet, as digital payments continue to grow, the Accenture report indicates local banks can tap into US$32 billion opportunity in new payments revenue if they adopt innovative business models   As much as 14% of Indian banks’ payments revenue, or $9 billion, is likely to be displaced by the growth of …

It is getting difficult to find an ATM in India these days as the number of ATMs in the country is decreasing. ATMs have been shutting down one after the other despite the dependence on cash persists and cash equals to 80 percent of all transactions. However, transactions through online …

The latest Blockchain initiative by IBM announced today. IBM collaborates with KPMG Merck and Walmart with the aim of building a drug supply chain blockchain pilot. IBM stands as the Technology partner, Merck is obviously the drug company, Walmart, having pharmacies and clinics becomes the drug distributor and KPMG brings …

A strategic investment has been made by ACI Worldwide, a global provider of real-time electronic payment and banking solution. This investment has been made in Mindgate, a Mumbai-based PayTech company. Mindgate is known to be the market leader of India in terms of processing transactions for the Unified Payments Interface …