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LIC exploring possibility of setting up fintech arm, BCG to implement the project: Chairman

LIC exploring possibility of setting up fintech arm, BCG to implement the project: Chairman

by AIP Online Bureau | Nov 26, 2023 | Indian News, Life, Technology

Siddhartha Mohanty, Chairperson, LIC, administering the Pledge of Preamble to the employees of the corporation on the occasion of Constitution Day on Sunday ”Our objective is to get best in class digital initiatives for all our stakeholders, customers,...

India becomes 4th-highest funded fintech startup ecosystem globally

by AIP Online Bureau | Oct 5, 2023 | Banking & Bancassurance, Data, Eco/Invest/Demography, Regulation, Technology

The sector witnessed significant growth in specific segments with alternative lending, banking tech and RegTech emerging as top performers in the first half this year Bengaluru: India’s fintech sector saw a 68 per cent surge in funding in the July-September period...

Governance mechanism, customer-centricity can help in fintech ecosystem sustainable growth: RBI official

by AIP Online Bureau | Sep 7, 2023 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

“Regulation can wait a bit longer but what is needed more urgently is better governance standards and a mechanism focused on customer centricity, data privacy and data protection, among others,” Ajay Chaudhary, an executive director who heads the fintech...
FM asks financial entities to ensure customers nominate heirs

FM asks financial entities to ensure customers nominate heirs

by AIP Online Bureau | Sep 5, 2023 | Indian News, Policy, Technology

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...
RBI looking at coming out with fintech regulations: DG Rabi Sankar

RBI looking at coming out with fintech regulations: DG Rabi Sankar

by AIP Online Bureau | Jul 8, 2023 | Banking & Bancassurance, Indian News, Regulation, Risk Management

RBI deputy governor T Rabi Sankar said that trading in cryptocurrencies carried out by people is not a concern for the RBI, but private cryptocurrencies themselves are a problem area Mumbai: The Reserve Bank is looking at coming out with a regulation for fintech...
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