Vivek Joshi,Secretary,Department of Financial Services While the...
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ED tightens grip on crypto assets, freezes Rs 90 crore in Binance, ZebPay, and WazirX
The investigation pertains to an online gaming scam app ''scam''...
Clot in blood vessels occurs in rare cases with certain vaccines: Medical Expert amid reports over AstraZeneca
In the wake of a recent admission by AstraZeneca where the...
Limiting global warming to 1.5°C requires “rapid & far-reaching” transitions in land, energy, industry, buildings, transport & cities:IPCC
“One of the key messages that comes out very strongly from this report is that we are already seeing the consequences of 1°C of global warming through more extreme weather, rising sea levels and diminishing Arctic sea ice, among other changes,” said Panmao Zhai, Co-Chair of IPCC Working Group I.
Aadhaar may be India’s gift to Africa that even China’s $125 bn can’t beat
India’s Aadhaar biometric identification system has given hundreds of millions of citizens a portable digital ID, allowing them to receive government services, join the banking system and otherwise partake in the formal economy. The need for similar technology in Africa is acute: According to the World Bank, the continent is home to 502 million of the world’s identity-less individuals, half of the global total and roughly 40 per cent of Africa’s population. The problem is worse for women, who in many African countries are critical to family finances. In low-income countries surveyed by the World Bank, over 45 per cent of women lacked identification, compared to 30 per cent of men.
Flipkart forays into insurance distribution, ties up with Bajaj Allianz
“In line with our customer-first policy and as the market leader in this segment, insurance felt like the logical next step in providing consumers with excellent after-sales care for their phones. The plan, from purchase to claim, will be completely integrated into our online platform…” Flipkart Senior Vice President and head of Fintech Ravi Garikipati said.
Transforming the Insurance Ecosystem
Given this scenario, insurance carriers may consider employing a few core mobility technologies of digitalisation such as app refactoring, rapid application development platform (RADP), and unified mobile app model, to bring in true digital transformation without compromising on the inherent advantages of MAM/MDM
Collaborative approach between incumbent insurers and InsurTechs gains traction:World InsurTech Report 2018
The report finds that insurance executives across the industry believe that InsurTechs will be a major catalyst to redefine the customer experience, deliver widespread efficiencies, and create new business models. The industry also expects disruption and new competition to come from BigTech[2] companies and manufacturers. This comes in the wake of an InsurTech sector that saw investment increase at a compound annual growth rate of 36.5 percent between 2014 and 2017
RBI to improve data analytics system for banking industry
“When people are creating FinTech solutions, but we’re not adopting them, there is a problem to be addressed. It’s very easy to say that this is an issue with the startups, but these are excuses and we need to see what the issue is and fix it.If you look at the number of startups shutting shop on a daily basis, it’s not a good sign. If we want to see India as a global innovator, we need to do more. That’s why the government of Maharashtra has created a FinTech policy earlier this year”
Porsche first German carmaker to abandon diesel engines
Diesel car sales have dropped sharply as several German cities have banned them to bring down air pollution — a trend that Chancellor Angela Merkel was due to discuss with car company chiefs in Berlin later Sunday.
Social media platforms account for 79% of e-commerce in India: PayPal
“Facebook, WhatsApp and Facebook Messenger are used most by merchants in India, than anywhere across Asia (excluding China),” said the report named “Beyond Networking: Social Commerce as a Driver of Digital Payments”.
IRDAI forms committee on insurance regulatory sandbox & fintech
A “Regulatory Sandbox Approach” can be used to carve out a safe and conducive space to experiment with Fin-Tech solutions, and where the consequences of failure can be contained, said S C Khuntia, chairman,IRDAI.
Digitally influenced spending in emerging markets to reach $4 trillion by 2022: Report
BCG’s report comes at a time when emerging markets are growing at three times the rate of developed markets and contributing much of the world’s growth.