NPCI crosses major milestone by bringing in 1000 banks under its network
The National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in the country crossed…
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BFSI
Stay connected with the latest buzz and trends in Banking, Financial Services, and Insurance (BFSI). Our BFSI News section provides a comprehensive overview of the industry, offering timely and insightful updates on key happenings.
SBI leads mobile banking chart with 38 per cent market share
Registering over 1.5 crore mobile transactions in December, State Bank of India (SBI) continued to be the leader in terms of…
ICICI Bank launches contactless mobile payment solution
To benefit nearly 30 million credit and debit card customers to make in-store payments from mobile phones; First financial…
New algorithm trading norms soon
The Securities & Exchange Board of India (Sebi) is expected to announce new regulations for algorithm trading after its board…
SWIFT launches India services, eleven Banks go live
Eleven banks already signed up and are live on the SWIFT India network. These are now able to exchange financial information…
Industry needs better educated, confident and tech-savvy tied agents
The tied agency channel needs to be revamped. The agents should be empowered more and more with digital tools so that they can…
Magma Fincorp Taps Qlik for Customer Behavior Analysis
Visual analytics provider Qlik, announced that Magma Fincorp, one of India’s largest non-banking finance companies (NBFC), is…
IT can automate the entire claims management process
The entire process of claims management can be automated by IT. Big data can help us to further improve our services in terms of…
BFSI sector to spend around Rs 50K crore on IT in 2015:Gartner
Information technology spends by financial institutions is expected to increase by 9.8 per cent to around Rs 50,000 crore in 2015,…
Securing BFSI in Evolving Threat Landscape
The 2015 Internet Security Threat Report from Symantec shows that the volume of targeted attacks against BFSI went up from 11.1…