Indian banking, securities IT spending to grow 9% in 2020: Gartner
Spending by the banking and securities sector in India will total $11 billion in 2020, an increase of 9.1 per cent from 2019, as…
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Govt launches BHIM 2.0 with new functionalities, additional language support
The IT Ministry has unveiled a slew of new initiatives and programmes, including BHIM 2.0 that packs-in new functionalities,…
Mastercard starts initiative for digital payments acceptance
Payment services major Mastercard has launched a nationwide initiative to increase the acceptance and adoption of digital payments…
Edelweiss Group setting up infrastructure for cloud, API and data
It’s been almost a year since Edelweiss Financial Services got a new Group CIO, Nitin Agarwal. He is reengineering the technology…
RBI issues guidelines on ‘on tap’ authorisation on payment systems
The Reserve Bank of India (RBI) has issued guidelines on ‘on tap’ authorisation of payment systems, including minimum networth…
Mastercard India elevates Vikas Varma to COO
In his new role, Vikas will lead initiatives related to new partnerships and development of digital payments solutions in the…
FSS implements its reconciliation solution in Airtel bank
Payments technology company Financial Software and Systems (FSS) has said it has implemented its reconciliation suite of solutions…
RBI asks state level bankers to expand digital payments ecosystem
The Reserve Bank of India has directed all state level bankers’ committees to find out one district each on a pilot basis to…
Fintech start-up Subh Loans gets NBFC licence from RBI
Fintech start-up Shubh Loans has said it has received a licence from the Reserve Bank of India to set up a non-banking financial…
ICICI Bank plan to expand rural reach, partners CSC e-Governance Services
ICICI Bank has signed a pact with CSC e-Governance Services India to extend its banking and other services to the country’s rural…