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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...
Google to set up its global fintech operations centre in Gift City: Pichai

Google to set up its global fintech operations centre in Gift City: Pichai

by AIP Online Bureau | Jun 24, 2023 | Eco/Invest/Demography, Indian News, Technology

Sundar Pichai,CEO,Google Google had announced a collaboration with Bengaluru-based Indian Institute of Science to collect speech data from 773 districts across India to fine-tune its language translation and search technology Washington: Internet giant Google will set...
Irdai to hold open house for insurtech, fintech on 15th of every month

Irdai to hold open house for insurtech, fintech on 15th of every month

by AIP Online Bureau | May 24, 2023 | Indian News, Life, Non-Life, Regulation

“It is expected that the solutions/ideas would help in increasing the insurance penetration in the country,” the Insurance Regulatory and Development Authority of India (Irdai) said in a statement Hyderabad: Regulator Irdai will hold an open house for the...
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