Page 4 - Fintech

63 moons to provide next-gen tech to Italian firm; eyes pan-European mkts

63 moons technologies, formerly known as Financial Technologies, on Tuesday said it will provide next-generation technology solutions to Italy-based Spuma SRL as it targets pan-European markets. In addition, 63 moons said it will evaluate global giants in cloud computing services like Amazon's AWS, Microsoft's Azure and Google cloud for deploying the technology, the provider of technology solutions to financial markets said in a regulatory filing to the BSE. 63 moons provides next-generation technology ventures and solutions for creating digital markets and marketplaces that enable price discovery and transaction efficiencies across industry segments. The announcement comes a day after 63 moons said that it will not provide technology support to Multi Commodity Exchange (MCX) after September 30. As per the filing, Spuma SRL will leverage 63 moons' expertise on real-time mission critical solutions, using the latest technology suite. The company will be offering a SaaS ...

Red signals for fintech industry: The valuations game of the past is over

RBI Governor Shaktikanta Das' traffic light imagery for the fintech industry has several implications

PhonePe opens swanky 50,000 sq ft office in Pune to accommodate 400 people

In addition to the dynamic work spaces, the new office has a 3,000 square feet cafeteria that will serve local and multi-cuisine food for the company's diverse employee base

Axis Bank looking at more partnerships with Big Tech: Axis Bank MD

Amitabh Chaudhry says the private lender spends Rs 900 crore every buying priority sector lending certificates to meet its targets

Sensex ends choppy day 337pts down; Nifty atop 17,600; banks dip, FMCG gain

CLOSING BELL: Sectorally, indices ended mixed with the Nifty FMCG index rising over 1 per cent, while the Nifty Bank, and Financial Services indices falling up to 1.4 per cent each

Sebi working on new ASBA-like payment system for secondary trades: Buch

Sebi's planned move could upend Rs 30,000-crore broking industry

ASBA for secondary market in the works: Sebi chairperson Madhabi Puri Buch

Regulator not against algo trading but businesses 'cannot be a black box', she says

Top Headlines: Byju's focus on profit; YES Bank sells stressed loans

After reporting a loss of Rs 4,588 crore in 2021 fiscal, Byju Raveendran, the founder and CEO of the world's most valuable edtech firm Byju's, has told employees

CEA says India poised to grow at 7% this year and for rest of decade

Economic Survey had pegged FY23 GDP growth higher at 8-8.5%

Madras Chamber to focus on TN's Industry 4.0, Fintech promotion: Official

Over century old industry body Madras Chamber of Commerce and Industry would focus on export promotion, Industry 4.0 and financial technology that would support the Tamil Nadu government's vision of reaching a GSDP of USD 1 trillion as put forth by Chief Minister M K Stalin, an official said on Saturday. The Tamil Nadu government's ambitious 'Naan Mudhalvan Scheme' is a major step in breaking the barrier, MCCI president T R Kesavan said. According to him, the 186-year-old Chamber would bring out a handbook on regulatory compliance titled 'Doing Business in Tamil Nadu' by working closely with the government to promote new investments. "The State government has undertaken various initiatives such as allotment of Rs 100 crore to improve the infrastructure of export companies, setting up knowledge city and releasing export promotion strategy to bring Tamil Nadu a leader among Indian States in export," he said. The focus is on sectors like information technology, data centre, textiles,

Large corporates request RBI for customers' UPI data, says Dy Guv Sankar

Large corporates, including fintech, have requested the RBI on how they could access the data from UPI

Financial inclusion through fintechs

By helping to eliminate information asymmetry across the user journey, fintech has made the equitable distribution of financial services easier. This ensures better inclusivity.

Fintech platform GroMo raises $11mn in series A led by SIG Venture Capital

Other investors include Y-Combinator, Das Capital, Goodwater Capital, Beyond Next Ventures, Soma Capital, Ace & Company, Hauz Khas Ventures and a host of angels

Fintech start-up FinAGG raises $3mn in funding to expand business

Company seeks to gain from increasing global supply chain financing volumes

RBI's digital lending guidelines: A tectonic shift in the fintech world

With the central bank having issued new guidelines governing the lending activities of financial technology firms, some may find themselves fighting for survival

BharatPe hits $20 bn in annualised TPV, leaves Ashneer Grover saga behind

Fintech platform BharatPe said it has reached an all-time high of $20 billion in annualised total payments value, expanding its footprint to 400 towns and cities, as it leaves the Ashneer saga behind

Huge opportunity for business in India's fintech space, says UKIBC

Negotiations for a trade deal between both nations started in January this year, and the deal is expected to be signed by Diwali

Regulating investment advice: Fintech vs Sebi

How do fintech firms deal with the physical process that Sebi demands? They can't

EnKash: Powering India's SMEs and start-ups with a suite of corporate cards

The firm currently has a user base of 100,000 enterprises and processes transactions worth about Rs 28,000 cr a year

Indian fintech to have $1 tn in AUM, $200 bn revenue by 2030: Report

Fintech-facilitated lending will grow by $476 billion to reach $514.6 billion in book size by 2030