RNFI Services has received provisional regulatory clearance from the Reserve Bank of India to operate as a Payment Aggregator – Physical, paving the way for handling offline and in-store transactions through its last-mile network, signalling a strategic expansion in India’s…
Indian software firm Intellect Design Arena announces MSOCK, a novel platform leveraging a 21-dimensional enterprise knowledge graph to enable banks to understand and modify their systems more safely and efficiently, aiming to reduce project timelines and effort significantly. Intellect Design…
REC’s successful issuance of ₹500 crore through India’s first tokenised corporate bond pilot signals a potential shift towards faster, more transparent bond trading using blockchain technology, with institutional investors leading the way. REC has completed India’s first tokenised corporate bond…
Legislative changes in India set the stage for introducing merchant transaction fees on UPI systems, sparking debate on financial sustainability and inclusion. India’s debate over charging merchants for some UPI payments has shifted from rumour to legislation, but not yet…
Following REC’s successful digital bond issuance, Larsen & Toubro prepares to test the tokenisation concept further, signalling a potential shift in India’s bond market infrastructure. India’s first completed tokenised corporate bond sale has quickly turned from a one-off experiment into…
As bank frauds surge and AI-driven scams proliferate in India, financial institutions are adopting forensic-style crisis simulations to enhance fraud resilience and meet tightening regulatory demands. On Monday, 7 September 2026, Algoritha Security said it was rolling out fraud-crisis tabletop…
The collapse of Synapse Financial Technologies has prompted regulators to impose stricter requirements on banks working with fintechs, shifting the industry towards higher operational standards and potentially prompting a retreat from BaaS offerings. The collapse of Synapse Financial Technologies has…
Incore Bank, Kyndryl and Google Cloud have completed a proof of concept using agentic AI to streamline KYC processes, promising improved accuracy and faster onboarding for institutional clients, though still in the testing phase. Kyndryl, Incore Bank and Google Cloud…
Indian financial institutions are increasingly integrating AI into core operations amid significant productivity gains and evolving regulatory frameworks, but are also grappling with escalating cyber threats that could reshape the future of digital banking. Indian banks and non-bank lenders are…
Recordent’s new KnowYourBusinessScore aims to provide Indian businesses with a sophisticated, single-number risk assessment by integrating credit history with GST and legal compliance, potentially reshaping trade credit decisions for SMEs and lenders alike. Recordent has begun rolling out a new…
The Reserve Bank of India has eliminated a regulatory gatekeeping step, replacing case-by-case approvals with a standing compliance regime, making international money transfers easier for banks and fintech platforms while tightening data and fund protections. The Reserve Bank of India…
WhatsApp begins rolling out a new in-app bill payment feature in India, directly challenging established digital payment leaders and embedding itself deeper into the country’s extensive financial ecosystem. WhatsApp has started rolling out an in-app bill payment service in India,…
