In a major push toward regulatory harmonization and administrative efficiency, the Reserve Bank of India (RBI) has consolidated thousands of legacy circulars, notifications, and guidelines into unified Master Directions tailored …
BFSInxt
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Regulation & Compliance
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Open Finance & Wealthtech
Account Aggregator Ecosystem Exceeds 100 Million Linked Accounts, Powering Next-Gen Wealthtech
by BFSInxtby BFSInxtIndia’s open finance movement has achieved a historic milestone as the Account Aggregator (AA) network officially crossed 100 million user-linked financial accounts. This rapid adoption trajectory underscores a fundamental transformation …
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Digital Infrastructure & Agri-Finance
Unified Lending Interface (ULI) Launches to Democratize Frictionless Rural and Small-Ticket Credit
by BFSInxtby BFSInxtFollowing the global success of the Unified Payments Interface (UPI), the Reserve Bank of India Innovation Hub (RBIH) has formally rolled out the Unified Lending Interface (ULI)—a revolutionary digital platform …
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Central Bank Digital Currency (CBDC)
CBDC Retail Pilot Scales Up Across Commercial Banks as QR Code Interoperability Takes Root
by BFSInxtby BFSInxtThe Reserve Bank of India’s Central Bank Digital Currency (CBDC) retail pilot—the Digital Rupee (e₹-R)—has reached a crucial operational maturity phase following full technical integration with standard UPI QR code …
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Digital Lending & Tech Infrastructure
Digital Lending Disbursements Surge Driven by Account Aggregator Architecture and Instant Underwriting
by BFSInxtby BFSInxt—a key pillar of India’s Digital Public Infrastructure (DPI)—allows individuals and small businesses to securely share encrypted financial data, including bank statements, tax filings, and investment portfolios, with regulated financial …
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Payments & Policy
NPCI Extends Market Share Cap Deadline for Third-Party UPI Apps to Ensure Market Stability
by BFSInxtby BFSInxtIn a pivotal policy decision aimed at balancing market concentration risks against consumer convenience, the National Payments Corporation of India (NPCI) has extended the compliance timeline for implementing its 30% …
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Payments & Retail Banking
UPI Annual Volumes Cross Historic Milestone as Credit-on-UPI Drives Next Phase of Growth
by BFSInxtby BFSInxtIndia’s flagship Unified Payments Interface (UPI), developed by the National Payments Corporation of India (NPCI), has achieved a momentous operational landmark, processing record annual transaction volumes and cementing its position …
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Regulatory & Security
RBI Mandates Risk-Based Dynamic Authentication Framework to Combat Digital Payment Fraud
by BFSInxtby BFSInxtIn a major overhaul of India’s digital transaction security infrastructure, the Reserve Bank of India (RBI) has issued comprehensive directives mandating a transition from static two-factor authentication (2FA) mechanisms toward …
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Cybersecurity
Biometric Passkeys and Decentralized ID Replace Legacy KYC in Modern Digital Onboarding
by BFSInxtby BFSInxtFIs phase out SMS OTPs and passwords in favor of FIDO2 passkeys, zero-knowledge proofs, and decentralized digital credentials. By BFSINXT Newsroom • Special Launch Coverage STOCKHOLM / TORONTO — Financial …
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Customer Experience
Voice AI Becomes Primary Customer Service Interface for Tier-1 Banks Across Regional Markets
by BFSInxtby BFSInxtMultilingual natural language AI agents handle over 70% of inbound retail banking calls natively with 95%+ intent comprehension. By BFSINXT Newsroom • Special Launch Coverage MUMBAI / JAKARTA — Interactive …
