A new emphasis on system-wide safety and explainability, guided by NIST’s AI Risk Management Framework, is transforming responsible AI practices in banking, lending, and fraud detection, especially amidst the challenges of generative AI and rapid digital scaling. In financial services,…
Taxpayers in India face multiple filing deadlines this year depending on income source and audit requirements, with potential penalties for late submissions highlighting the importance of accurate timing during the current income tax season. India’s income-tax filing season is under…
IIFL Capital Services has partnered with Flytxt to deploy agentic AI technology aimed at delivering more personalised investment recommendations, potentially transforming client engagement and supporting asset under management growth in India’s competitive financial landscape. IIFL Capital Services has teamed up…
Recent reports suggesting new charges on UPI payments above Rs 2,000 have caused confusion. Fact-checks confirm that only merchant payments made through prepaid wallets above this threshold will incur a fee, leaving most consumer-to-consumer transactions unaffected. A report circulating online…
Regulators in India are debating whether to incorporate insurance surety bond exposures into the CRILC database, aiming to close reporting gaps and improve oversight of contingent liabilities amid expanding infrastructure projects. Indian regulators are weighing whether insurance surety bond exposures…
The Reserve Bank of India has unveiled a comprehensive overhaul of deposit pricing, including uniform rates across branches and increased transparency, set to take effect in October 2026, affecting savers, businesses, and foreign inflows. The Reserve Bank of India has…
India’s growing use of AI-driven data analysis is transforming credit assessments, enabling banks to extend loans to small businesses and individuals previously deemed too risky or invisible by traditional models. For banks, one of the hardest lending calls has always…
Mobikwik records third straight profitable quarter, signalling a shift towards sustainable earnings as revenues and gross merchandise value hit new highs; company aims for full-year profitability by FY27 amidst operational reshaping and strategic growth initiatives. One Mobikwik Systems has reported…
India’s parliament has paved the way for merchant fees on certain UPI transactions, marking a significant shift from the country’s long-standing zero-cost digital payment model for large businesses amid growing financial sustainability concerns. India’s Parliament has opened the way for…
India is formalising its digital public infrastructure, including platforms like Aadhaar and UPI, into a diplomatic asset by signing cooperation agreements with 23 countries, signalling a shift from domestic use to international influence, especially across the Global South. India is…
