Author: Bfsinxt Desk
Securities and Exchange Board of India’s Chief Madhabi Puri Buch on Wednesday speaking at Global Fintech Fest 2022 said that easy entry but exit barriers for customers shall not be acceptable, which is creating hurdles for exit and claiming of hefty returns on financial products. “If your business model suggests that once the customer is in, then there is no exit for them. We do not like it,” said Buch, She added, the regulator does not want ‘Abhimanyus’ in the market. Customers should be able to exit as easily as they enter an ecosystem, the Sebi chief said. “If your…
Thomas has been with the general insurance industry for over 35 years in roles spanning management of direct and reinsurance underwriting, loss adjustment and broking across the Indian and Middle East insurance markets.
The bank said the bond issue witnessed overwhelming response from investors, attracting bids worth Rs 9,647 crore, which was oversubscribed by about five times against the base issue size of Rs 2,000 crore.
Das added, “The emergence of FinTech players and the growing popularity of their innovative products have challenged the existing players in financial services in maintaining their market share, margins and customer base. The incumbent firms are responding to these challenges by adopting various strategies, which include making investments in FinTech companies and partnering with them. They are also enhancing their in-house capabilities to adapt to the new realities.”
NPCI said with the linkage of RuPay Credit Card on UPI, customers will benefit from the increased opportunity to use their credit cards, and merchants will benefit from the increase in consumption by being part of the credit ecosystem with the acceptance of credit cards using assets like QR codes.
Mohanty, said, “This CA builds on the Memorandum of Understanding on Supervisory Co-operation signed between MAS and IFSCA in July 2022. The cross-border testing of use cases between Singapore and India will pave the way for operationalising a broader collaboration framework for FinTech use cases involving multiple jurisdictions.”
The world of banking, financial services, and insurance (BFSI) has fast-tracked the adoption of digital technologies over the past two years. With the global population transcending to a more virtual way of life induced by the pandemic, customer self-service utilizing digital banking channels took precedence over erstwhile physical banking and even phone banking. Thriving in this landscape mandated a shift in operating models across multiple areas, including marketing. Going by Dentsu’s Digital Report for 2021, the BFSI sector is said to have accounted for 57 percent of digital media spending. The digital marketing and media landscape is seeing greater dynamism, with consumers…
At Zolve, Freiberg will advise on overall growth and business strategy with a focus on enhancing the product and value proposition of Zolve’s offerings internationally
In his new role, Sanjay will also spearhead several strategic and business development initiatives for the company while steering smooth collaboration across its diverse businesses in India. His position will be key to advancing and strengthening the company’s strategic focus in India, the company said in its statement.
Renovite is a California based fintech with presence in both India and Britain, providing cloud-native technology to optimise payments processing through a wide range of products and about 140 employees, of which roughly 125 are engineers.