Narendra Modi will inaugurate the RBI’s Tier IV-certified data centre and cybersecurity training institute in Bhubaneswar, expanding the central bank’s disaster-recovery capacity and specialist technology capabilities. Prime Minister Narendra Modi is scheduled to inaugurate the Reserve Bank of India’s new…
The new Tatkal NPS facility lets eligible Indian citizens open a market-linked retirement account through BHIM, with onboarding based on existing bank-verified KYC details. India’s retirement savings push has moved further into the digital mainstream, with the new Tatkal NPS…
Bank of India expects to gain nearly Rs100 crore a quarter from a 0.4% fee on selected merchant UPI transactions above Rs2,000, as India seeks to make its payments infrastructure financially sustainable. State-owned Bank of India expects to add nearly…
The acquisition of Finastra’s cash management suite gives Tech Mahindra ownership of software for liquidity, cash pooling and virtual accounts, while preserving support for existing customers. Tech Mahindra has bought Finastra’s Cash Management product suite in a deal that broadens…
The Ministry of Electronics and Information Technology has urged industry bodies to strengthen certification oversight and conduct regular audits following certificate weaknesses and a suspected exposure of SBI customer data. The Ministry of Electronics and Information Technology has told industry…
Cashfree’s promotional waiver shows why merchants must price GST, excluded payment methods, refunds, settlement charges and checkout success rates before choosing a gateway. Two payment gateways may advertise the same headline rate and still leave merchants with very different net…
Bank Negara Malaysia and the Bank of Thailand have joined MAS’s BLOOM initiative alongside nine industry participants, including Ripple, Visa and Mastercard. The Monetary Authority of Singapore has widened its BLOOM initiative to include Bank Negara Malaysia and the Bank…
C-DAC and Bank of India will jointly explore quantum-safe security, artificial intelligence and other emerging technologies aimed at strengthening fraud prevention and digital resilience. C-DAC and Bank of India have agreed to work together on quantum technologies and a wider…
The brokerage is rolling out access to US-listed shares and ETFs through GIFT City, with fractional holdings available and a wider launch planned for mid-November. Angel One has started introducing US stock investing on its app, giving Indian investors a…
From sub-90-second quotes to ChatGPT-based premiums and claims bots, South African insurers are redesigning insurance around speed and automation , while warning that digitising bad processes will not improve them. Insurance began as a way to spread risk long before…
A new partnership will let Indian visitors pay Sri Lankan merchants with UPI, cards, net banking and other familiar options, with next-day settlement for businesses. Pine Labs and WEBXPAY have launched a cross-border payments partnership that is designed to make…
As institutional investors move into crypto, experts say India’s biggest opportunities may lie in tokenising property and bonds , if regulation, taxation and investor protections catch up. Cryptocurrencies have moved far beyond the era when they were treated mainly as…
