The Reserve Bank of India underscores the need for stronger governance and risk management as banks accelerate AI adoption amid rising cybersecurity threats and complex dependencies. India’s banks are entering the artificial intelligence era with a sharper warning from the…
Pine Labs has expanded its partnership with Google Cloud to introduce AI-powered tools and advertising agents aimed at transforming digital marketing, customer engagement, and payments for small and medium-sized Indian businesses, signalling a significant shift towards AI-centric commerce. Pine Labs…
SymphonyAI unveils a cloud-based Risk Intelligence platform aimed at shifting financial-crime compliance from manual, episodic checks to a continuous, AI-driven oversight, promising faster response times and increased efficiency amid evolving regulations. SymphonyAI has unveiled Symphony Risk Intelligence, a cloud-based platform…
Reserve Bank of India Deputy Governor Rohit Jain cautions that banks’ own technology stacks pose significant systemic threats, urging greater governance and resilience in digital infrastructure amid rapid fintech growth. Rohit Jain, deputy governor of the Reserve Bank of India,…
India’s Unified Payments Interface (UPI) exemplifies rapid digital payments scaling, handling over 20 billion transactions monthly, as global payment markets diversify and incorporate AI-driven commerce. India’s Unified Payments Interface has become one of the clearest examples of how digital payments…
The Reserve Bank of India has unveiled draft amendments to streamline account freezes linked to suspected fraud, responding to a Supreme Court order to standardise responses to money-mule activity and cybercrime, with public comment sought ahead of 2027 implementation. The…
Moneyview raises ₹327.5 crore from anchor investors ahead of its IPO, reflecting significant institutional interest amid a valuation of ₹6,000 crore and a robust growth trajectory in digital lending. Moneyview has raised ₹327.5 crore from anchor investors ahead of the…
PhonePe has received in-principle approval from the Central Bank of the UAE for two payment licences, marking its initial move into the Middle Eastern market and signalling potential regulatory presence in the region’s growing digital payments landscape. PhonePe has taken…
Despite initial fears that India’s unified payments system would disrupt credit card usage, recent research indicates the two payment methods are expanding together, with UPI broadening the digital payments market without replacing traditional credit cards. India’s unified payments system has…
Business associations across India are planning a coordinated protest against the National Payments Corporation of India’s plans to introduce a 0.4% merchant discount rate on high-value UPI transactions, signalling potential disruption to digital payments and retail trade. Business associations across…
Wizz Financial and City Union Bank have launched Wizz Voyager, an AI-driven travel card offering multi-currency management, real-time exchange rates, and travel perks, targeting Indian residents making international payments. Wizz Financial’s India arm, Wizzmoni, has joined with City Union Bank…
London-based fintech Form3 has launched an AI-driven payments infrastructure that enables banks and fintechs to deploy authorised AI agents for daily operations, aiming to reduce manual work and modernise payment systems amidst increasing complexity. Form3 has unveiled an AI-enabled payments…
