Browsing: Banking

It is important to note that Fintech cannot exist without the banks. Not today and not for
another decade at least. Customers still trust their banks to manage their financial value more than any other entity.

The extensive network of Maybank IBG and excellence of BOBCAPS’ research, will enable Maybank to enhance its product coverage to global institutional clients, while allowing BOBCAPS to expand its reach outside India. 

Comprehensive suite of RS general insurance products will now be available to customers across 727 City Union Bank Branches

U GRO Capital, a listed, MSME lending fintech platform, surpassed Assets Under Management (AUM) of Rs 3,656 crore as of June 30, 2022 (+166% compared to June 30, 2021) and is on track to cross the mark of Rs 7,000 crore AUM by March 2023, the fintech said in release. 

We seek customer queries and build them on use-case basis and then deploy to serve the customer, which has been successful for us, said Fadi Moubarak of Avaya.

Bankers and non-bank professionals, share their opinion on how they are building their systems, topping it up with emerging technologies to strengthen their underwriting models. 

On July 14, 2021, RBI had imposed restrictions on Mastercard to onboard new customer over lapses found in compliance with RBI’s 2018 circular on Storage of Payment System Data. 

Kotak said post the increase in the rates will encourage savings behaviour among consumers and the rate changes will come into effect on June 13, 2022.

The tie-up between ICICI Bank and Zest Money is intended towards enhancing affordability of millions of customers of the bank who can use pre-approved cardless credit to instantly buy products and services using ZestMoney. 

Axis Bank said apart from a surcharge waiver at fuel outlets and cashback on fuel spends, the credit card comes with a host of other benefits on everyday transactions through accelerated reward points, instant discount on movie tickets, and dining delights at partner restaurants.