Page 5 - Fintech Firms

A potential blockbuster

Fintechs may have the lead with open banking but banks too can benefit by playing their cards well

Fintech firms hire 700,000 people who lost jobs in slowdown-hit sectors

The tenure of such jobs is about 6-8 months, with Amazon and Flipkart creating the primary demand for labour

Fintech firms in a spot after RBI restricts access to credit data

Business of credit information bureaus seen coming under threat

Fintech committee recommends new legal framework for consumer protection

The Steering Committee on fintech-related issues has also suggested cash flow-based financing for micro, small and medium enterprises

Fintech panel suggest legal framework to protect digital services consumers

The report said the Department of Financial Services should work with PSU banks to bring in more efficiency to their work and reduce fraud and security risks

Statspeak: Four reasons why FinTech adoption remains on the rise

FinTech challengers are looking less like start-ups and more like professionally managed companies

Fintech firms PhonePe and PineLabs get fresh funding from parent companies

PhonePe has received Rs 697.9 crore from its parent entity PhonePe Pvt Ltd while Pine Labs has raised about Rs 707 crore through a rights issue to its parent entity, Pine Labs Pte. Ltd

Fintech cos to unlock wealth in digital villages, build loan portfolios

Greater use of digital payments in rural areas would generate more alternate data to assess loan seekers, they say

Fintech firms feel heat of IL&FS default with lower funds for disbursals

In the aftermath of the IL&FS crisis, NBFCs and banks are tightening the underwriting norms for sanction of advances to fintech companies

Fintech firms capturing market share from banks; $250-bn revenue at stake

Banks also face a threat from tech giants such as, Alibaba and Apple

Differentiation through innovation: Banks pick fintech firms over bigtech

Axis Bank, being one of them, has interacted with over 200 start-ups through the bank's innovation lab for fintechs, Thought Factory

Britain's big banks trying to catch up with fintech firms by making apps

HSBC, Lloyds Banking Group and the Royal Bank of Scotland are at various stages of producing cutting-edge apps that will allow customers to pull data from different accounts

Fintech firms fret over uncertainty in Sebi's investment advisory norms

The uncertainty may hinder investments from PE and venture capital funds

Fintech - old wine in a new bottle

Will fintech revolutionise banking services or is it more hype than substance?

Andhra Pradesh govt wants Vizag to act as global hub for fintech firms

After taking away some of the big investments in manufacturing, especially automobile and textiles, from Tamil Nadu, Andhra Pradesh is now going aggressive in IT, with plans to make the State a hub for fintech and cyber security industry. Some of the Fintech companies from Chennai and Bengaluru are expected to set up their facility in Vizag, said senior officials from the State government.The State says that it is not comparing itself with any other State in the country, but with global start up and research hubs like Silicon Valley. The government has set up Fintech Valley Vizag, a sustainable global Fintech ecosystem, in association with knowledge partner KPMG in 2016 to bring together industry, academia and investors to innovate, co-create & build the fintech ecosystem."We are not comparing ourselves with any other city in the country. We want to create deep expertise in fintech and related segment, and become a global hub," said J A Chowdary, special chief secretary and IT ...