Author: Bfsinxt Desk
Rajesh Rai, Business Head- West & South, Branch Banking, ICICI Bank said, “India has emerged as the third largest startup ecosystem in the world, underlining the country’s vibrant and innovative startup culture. At ICICI Bank, we offer improved convenience to these new-age businesses through agile and technology led solutions across their life stages. Through our comprehensive ‘Startup Ecosystem Banking’, we support the emerging requirement of Indian startups and aim to become the preferred bank of choice in their growth journey.”
Private lender, ICICI Bank recently announced the launch an array of digital solutions for participants of the capital market and clients of custody services. The solutions enable various participants in the sector including stock brokers, Portfolio Management Service (PMS) providers, Foreign Portfolio Investors (FPIs), Foreign Direct Investors (FDIs), and Alternative Investment Funds (AIF) to seamlessly meet all their banking requirements. The bank said that the newly launched ‘3-in-1’ account enables the clients of stock brokers to digitally open online trading, demat and savings account in few hours from anywhere across the country. The facility empowers stock brokers to integrate their…
Dinanath Dubhashi, Managing Director & CEO of L&T Finance Holdings Ltd. said, “We are amongst the leading financiers in Micro Loans today and continue to expand in the unserved and under-served regions of our nation. We are committed to empowering micro-entrepreneurial women and enabling sustainable livelihood at the grassroot level through our innovative and digital lending solutions.
Zecpe enables e-commerce businesses to improve checkout conversion by making the process quick and seamless for customers. Zecpe will now operate as a wholly-owned subsidiary of Cashfree Payments.
Shailendra Naidu, CEO, Obopay, said, “Digital payments can be a game changer for farmers in today’s technologically driven ecosystem. We are proud to collaborate with Mastercard and develop solutions that will empower farmers in a commercially sustainable way by helping them access online payments and credit.”
YES BANK has integrated Bloomberg’s MARS Front Office and MARS Valuations into its core technology stack. MARS Front Office provides the Bank with Greeks and advanced scenario and stress test capabilities, while MARS Valuations, powered by a high-quality pricing library along with high-quality market data delivers complete valuations for portfolios.
PhonePe plans to deploy the new funds to make significant investments in infrastructure, including the development of data centers and help build financial services offerings at scale in the country.
360 ONE (earlier known as IIFL Wealth & Asset Management), one of the leading wealth and alternates focused asset firms in India, recently completed the acquisition of controlling stake in Mumbai Angels, a premier platform for early-stage venture investments. Mumbai Angels, one of the largest players in the early-stage investment space, will now be looking at a greater funnel of deals, with a deeper penetration in the early-stage startup pool. Through its strict filtration criteria, it will be able to offer a wider array of best-in-class deals to its investors. Dedicated to supporting and nurturing early-stage startups, and helping its investors…
Pulak Sarmah, Senior VP and Head – Marketing, Kotak Mahindra General Insurance, said, “At KGI, we continue to explore various technology platforms to shape superior experience for our customers. In a sector where customer experience takes priority over product features, we aim to fulfil these expectations and even set some new benchmarks for the industry.”
Upstox, one of the leading digital investment platforms in India, has partnered with ‘TradingView’, a global charting platform used by over 30 million traders and investors. This partnership will help Upstox users track, analyse and execute their trades on NSE, BSE and MCX instantly in a seamless manner. On Upstox, the integration is built on top of the TradingView library which renders a similar user experience to that on the TradingView portal, empowering users to trade and manage the order and positions directly on the chart. Furthermore, Upstox users can leverage this facility to create their own list of stocks,…