Digital lender mPokket plans to more than double its loan disbursal to over Rs 25,000 crore within three years, targeting India’s untapped small-ticket credit market and expanding its reach among new-to-credit customers. mPokket is aiming to more than double down…
Financial institutions are accelerating their adoption of new technology by shifting from traditional procurement to early-stage ‘sandbox’ testing and reforming governance frameworks to keep pace with rapid innovation in AI and digital assets. Financial institutions are racing to keep up…
Retailers across India are planning a nationwide protest on 2 October in opposition to the government’s plan to impose a 0.4% fee on high-value UPI transactions, risking wider impacts on margins and consumer behaviour. Indian retailers are preparing for a…
Trinidad and Tobago is set to become the first Caribbean country to implement India’s Unified Payments Interface (UPI), strengthening economic ties and showcasing India’s digital infrastructure export ambitions. Trinidad and Tobago is moving to become the first Caribbean country to…
WorkFusion introduces its Isaac platform to streamline transaction monitoring and fraud review, leveraging AI to accelerate investigations and improve accuracy amid escalating financial crime complexity. Financial crime teams are under pressure to do far more than decide whether an alert…
Hong Kong-based stablecoin payments firm RedotPay has completed an independent audit by a Big Four firm and carried out comprehensive anti-money laundering reviews, signalling ongoing US IPO ambitions despite earlier uncertainties. The company highlights its user base and innovative payment…
Feedzai has introduced Farol, an embedded AI agent designed to speed up bank fraud investigations and reduce manual workload, as financial institutions grapple with rising losses and compliance costs. Feedzai has launched Farol, an embedded AI agent meant to help…
Visa-owned Pismo is expanding its footprint in India, leveraging its platform to enable faster product launches for banks and fintechs amidst growing competition in the country’s payment infrastructure expansion. Visa-owned Pismo is broadening its footprint in India, where the cloud-based…
Truecaller launches Scam Checker in India, pioneering a new wave of web-based fraud detection to combat rising scam tactics across messages and links, with plans to expand globally. Truecaller is pushing further beyond its caller-identification roots with the launch of…
As finance teams demand faster decisions and richer insights, experts argue that current accounting systems are too limited, pushing for a shift towards event-driven data models that enhance traceability and adaptability. Finance systems were built to record what happened, not…
PhonePe plans to hire over 20,000 frontline sales staff and deploy more than 50 lakh payment devices nationwide to deepen its reach in rural markets, aiming to boost financial inclusion and merchant acceptance in India’s Tier 6 regions. PhonePe is…
In a novel move, the Delhi High Court pauses a commercial dispute between PayU and Yes Bank to explore mediation under the Commercial Courts Act and involve RBI oversight, highlighting procedural shifts in financial litigation. The Delhi High Court has…
