by AIP Online Bureau | Feb 18, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
“I think it has drawn the attention of fintech entrepreneurs, to the fact that you also have to know how to comply with the law. Regulatory compliance is not an optional thing for any country in the world, certainly not in India, and it is something that they...
by AIP Online Bureau | Feb 16, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
As per a January 31 order of the central bank, PPBL was asked to stop further deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, and National Common Mobility Cards, after February 29 Mumbai: The banking regulator...
by AIP Online Bureau | Feb 12, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Regulation, Technology
”With the adoption of AI and GenAI, laws are to be redefined. Industry needs to note that Digital Personal Data Protection (DPDP) Act rules are going to come soon, and banks may be in violation of some of it so it’s important to start preparing for...
by AIP Online Bureau | Feb 10, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation
“Considering the crucial role of non-executive directors in efficient functioning of bank boards and its various committees and in order to further enable the banks to sufficiently attract qualified competent individuals on their boards, it has been decided to...
by AIP Online Bureau | Feb 8, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology
To enhance the security of AePS(Aadhaar Enabled Payment System ) transactions, it is proposed to streamline the onboarding process, including mandatory due diligence, for AePS touchpoint operators, to be followed by banks. Additional fraud risk management requirements...
