Author: Chief Editor
Strap: India’s retail payment body, NPCI has tied-up with Fiserv to enable nFiNi allowing fintechs and banks to roll out credit cards. Copy: National Payments Corporation of India (NPCI) and Fiserv Inc have tied-up to launch nFiNi – Rupay Credit Card stack for fintechs and banks. The program will empower fintechs to swiftly and effectively launch new credit cards for retail as well as corporate customers, it also allows banks to grow their fintech portfolio while maintaining focus on their core offerings. NPCI said in a release, nFiNi will focus on on-boarding new issuers as well as new-to-credit customers on…
Strap: Private general Insurer, Liberty General Insurance has launched Liberty365 to fasten the claims experience of customers. Copy: Liberty General Insurance has rolled out Liberty365 where claims will be now serviced on weekends and holidays. One of its kind consumer focused initiative where LGI will process claims on all days of week unlike few insurers where it is being done only on weekdays. LGI will be offering this facility at no extra cost and claims will be processed in-house by LGI’s teams comprising of automobile and health insurance experts, ensuring claimants don’t have to wait for weekend to pass to…
Strap: The private lender has signed an MoU with NSIC to push credit to MSMEs Copy: India’s largest private sector bank, HDFC Bank has tied-up with National Small Industries Corporation (NSIC) by signing a Memorandum of Understanding (MoU) to offer credit support to MSMEs across India, the bank said in a release. HDFC Bank will provide schemes to MSMEs to enhance their competitiveness. HDFC Bank branches will enable delivery of credit to MSME projects in the respective branch areas where they are located or industrial sectors across the country, it added. The bank will accept loan applications forwarded by NSIC…
Strap: Fisdom, a leading wealth-tech company has forayed into HNI wealth space and appointed Abhijit Bhave as CEO of Fisdom Private Wealth. Copy: Fisdom has rolled out a new service for HNI space by launching Fisdom Private Wealth. The wealth-tech platform has appointed Abhijit Bhave as the Chief Executive Officer to lead Fisdom Private Wealth. It will be offering differentiated investment products to its clients – mutual funds, PMS, AIFs, Unlisted private equity, bonds, FDs, structured products, insurance as well as international products, it said in a release.Abhijit has held senior leadership roles in large global organisation like Deutsche Bank…
Strap: Global bank, Deutsche Bank has signed a multi-year database deal with leading technology giant Oracle. Copy: Global bank, Deutsche Bank has signed a multi-year collaboration deal with Oracle to overhaul its myriad databases with the aim of providing a dedicated platform to support the bank’s trading, payments processing, risk and capital planning and regulatory reporting. As a part of the agreement, the bank will upgrade its existing database systems and migrate the bulk of its Oracle Database estate to Oracle Exadata Cloud@Customer, an on-premises deployment option of the Oracle Exadata Cloud Service, to support applications that either will not…
Strap: The bank will converge 200 services under ‘bob world’ and allowing customer to open account instantly and cover 95 percent of retail banking services. Copy: Public lender, Bank of Baroda on September 8 launched its one stop digital platform ‘bob world’ The bank is aiming to provide an all-inclusive and seamless experience, encompassing all digital banking services which are under one-roof for the convenience of customers, the bank said in the release. It adds, “’bob World’ will offer a wide gamut of banking products and services, to be rolled out in phases, under four key pillars — Save, Invest,…
Strap: Under the new inclusive policy all employees can list their partners for mediclaim benefits irrespective of gender, sex or marital status. Copy: Private sector bank, Axis Bank on September 6 had announced a charter of policies for their employees and customers from the LGBTQIA+ community. The bank in a statement said that under this policy all employees can list their partners for mediclaim benefits irrespective of gender, sex or marital status. The bank has also put in place a human rights policy which offers redressal to challenges faced by employees from this community. The bank in a statement said,…
Strap: Leading bond market participating and financial conglomerate has tied-up with Fortinet to strengthen its security. Copy: Leading service provider of private placements and public issuance in the fixed income market, A K Capital has implemented the Fortinet Security Fabric security platform to improve user application experience, enable secure cloud transformation, simplify business operations, reduce cost and manage security with limited skilled resources. A K Capital’s clients include large Indian banks and governments and has an indelible mark in investment banking with a range of financial products tapping new investor and issues. The digital transformation led to increased bandwidth requirements…