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Odisha announces launch of financial tech capability hub
Over the next five years, more than 7,000 students from every...
Women-only US dating advice app Tea suspends messaging following breaches
The app—which boasts 4.6 million users—is pitched as a “dating...
Need to broaden participation to expand digital commerce in India: ONDC’s Koshy
''If you look at today's digital commerce in the country, it is limited to 10 per cent and just 2-3 per cent on the buyer side, so we need to broaden and expand the participation so that the current levels can go up to 25-30 per cent in the next few years.'' Open...
Sebi working on AI tool to curb misselling by mutual funds: Buch
''We are working on the question of misselling that may happen by a mutual fund distributor or an agent or by someone who is the responsibility of the mutual fund,'' Madhabi Puri Buch said while speaking at the fourth Global Fintech Fest Sebi has proposed a...
Huawei files lawsuit in Portugal over ban on supplying 5G
Europe and the U.S. have concerns that Chinese involvement in critical infrastructure could compromise security. Beijing and Huawei reject such suggestions Chinese technology giant Huawei has filed a lawsuit with a Lisbon court against a resolution by Portugal’s...
Reliance Gen ties-up with OLA Electric for its Extended Warranty Product of Two-Wheelers
Reliance General Insurance has tied-up with OLA Electric for its Extended Warranty Product of Two-Wheelers . The Extended Warranty Product addresses customer concerns around battery life and performance. The battery cover offers to protect the battery life beyond the...
FM asks financial entities to ensure customers nominate heirs
Union Finance Minister Nirmala Sitharaman asked fintech companies to invest in cybersecurity and said that trust is very important Mumbai: India's financial ecosystem has made a giant stride from being conventional to fintech-driven and the new solutions have helped...
Bima Sugam: IRDAI sets a new deadline of July 2024, forms insurers’ panel for its execution, to select a consultant soon
Cyril Amarchand Mangaldas (CAM) has been appointed as the legal counsel for the project. Responsibilities of CAM will include incorporation of Section 8 not-for-profit company which will be the company owning the Bima Sugam platform The platform will support all...
15-20% spinal injuries in India due to road accidents, says doctor
"We are receiving more and more patients of trauma and spinal cord injuries now due to the increasing number of road accidents.This may be due to the low level of safety standards in vehicle manufacturing, absence or inadequacy of appropriate safety measures in...
SBI allows UPI interoperability with digital Rupee for seamless transactions
"By bridging the gap between CBDC and the extensively used UPI platform, SBI aims to revolutionize payments made in India. With this move in the realm of digital payments, the future of CBDC integration appears promising," SBI said Mumbai: The State Bank of India has...
PM says cyber crimes can have social, geopolitical implications; need global cooperation to deal it
Prime Minister Narendra Modi World Bank has estimated that cyber attacks could have caused losses of around USD 5.2 trillion to the world during 2019-2023, but their impact goes beyond just financial aspects into activities that are deeply worrying New Delhi:...
Tech veteran Venkat Changavalli takes over as new CEO of IIBI
Venkat Changavalli, new CEO, Insurance Information Bureau of India According to industry sources, Venkat's appointment is temporary and IRDAI would soon start a new search processes to appoint a new CEO at IIBI Among a host of actionable areas, IIBI has recently set...