Indian banks are transitioning from testing to deploying generative artificial intelligence at scale, aiming to revolutionise credit, productivity, and risk systems amid rising cybersecurity concerns. Indian banks are moving from test projects to broader deployment of generative artificial intelligence, according…
Bank of America is set to acquire up to a 49.9% stake in Jio Credit Limited, signalling a significant move to deepen its presence in India’s rapidly expanding financial sector amid strategic partnerships and growth ambitions. Bank of America has…
A decade after its launch, India’s Unified Payments Interface has become the backbone of the country’s digital economy, but its future growth hinges on developing sustainable revenue models amid mounting costs and market consolidation. India’s Unified Payments Interface has moved…
Jio Financial Services and Allianz have formalised a 50:50 partnership to develop a larger, digitally-driven insurance business in India, aiming to expand accessibility and competitiveness in the sector. Jio Financial Services and Allianz have moved a step closer to building…
Uber is extending its bike taxi services to 100 more cities across India, reaching 220 locations and challenging rivals like Rapido amid mounting market pressures and regulatory changes. Uber is widening its bike taxi push in India, adding 100 more…
The Reserve Bank of India has unveiled draft rules to standardise and clarify how lenders set interest rates, aiming to boost transparency and consumer protection while keeping borrower repayments stable. The Reserve Bank of India has moved to tighten and…
EDGE and Socure have launched EDGE Screen, a combined screening platform that leverages cashflow data and AI-based identity signals to help lenders identify fraud earlier in the credit process, potentially reducing costs and improving decision-making. EDGE has teamed up with…
KFin Technologies launches Klarity, an advanced artificial intelligence system designed to detect signature forgery and improve authentication processes across banking, fund management, and insurance workflows, promising significant efficiency gains and heightened security. KFin Technologies has launched Klarity, an artificial intelligence…
While UPI AutoPay is emerging as a flexible tool for Indian businesses to streamline repeat transactions, its success hinges on expert management of consent, billing accuracy, and customer communication to prevent disputes and failed renewals. UPI AutoPay is increasingly being…
Voice AI agents are transitioning from pilot projects to integrated infrastructure in India’s banking, insurance, and healthcare sectors. As technology surpasses scripted calls with speech recognition and intent understanding, the focus shifts towards regulatory compliance, security, and scalability, shaping a…
India’s Reserve Bank introduces new cross-border payment aggregators, challenging traditional bank transfers and transforming how Kashmir exporters manage international payments, with solutions from Cashfree, Razorpay, and others offering greater speed, compliance, and cost efficiency. For exporters in Kashmir, securing the…
Plum introduces a comprehensive risk management platform to help Indian companies navigate the rising complexities of AI-related threats, amid a surge in adoption and awareness of potential liabilities. Plum has widened its business insurance offer as Indian companies race to…
