Fintech

AI safety must keep pace with adoption in financial sector: CEA Nageswaran

The Chief Economic Adviser said AI can improve credit assessment and risk detection in fintech, but firms must prioritise safety and security as adoption accelerates

Mumbai-based Mintoak acquires ICC Loyalty to deepen presence in West Asia

The acquisition gives the Mumbai-based fintech access to 34 UAE banks, expands its issuing-side capabilities and takes the combined business to over $30 million in annual revenue

MobiKwik bets on AI to boost loan disbursals by ₹300 crore a quarter

The fintech firm is using AI to reduce loan application drop-offs and convert passive users into borrowers as it strengthens its lending business after securing an NBFC licence

Tata Digital's financial services chief Gaurav Hazrati exits amid revamp

Hazrati's departure comes as Tata Digital sharpens its focus on financial services and loyalty, while new CEO Sajith Sivanandan continues to reshape the leadership team

Pine Labs posts ₹19.6 crore Q1 FY27 profit as revenue rises nearly 20%

The fintech reported a four-fold rise in first-quarter profit despite a higher effective tax rate, while revenue growth was supported by investments in sales and merchant expansion

What is NPCI's UPI Meta plan that has smaller payment apps concerned?

Smaller UPI apps have urged NPCI to reconsider UPI Meta, warning the proposed one-click checkout feature could further strengthen PhonePe and Google Pay's dominance

Scapia rolls out maiden ₹20 crore ESOP buyback, two months after fundraise

The travel fintech startup will allow eligible employees to monetise up to 10 per cent of their vested stock options after raising $63 million in a Series C funding round

India's fintech sector raises $2 bn in H1 2026, led by late-stage funding

Funding in India's fintech sector rose 42 per cent year-on-year to $2 billion in H1 2026, with late-stage companies accounting for four-fifths of the total capital raised

Digital payments boost fintech growth; wealth-tech leads profit pool

Sector's earnings jumped 22% in FY25 to ₹1.03 trillion

US-based fintech firm Payoneer opens tech hub in India, boosts hiring

Payoneer to hire 300 engineers by end-2026 as India GCC becomes its second-largest global tech and R&D hub

Nilekani-backed Fundamentum launches third fund of ₹2,200 crore

Nilekani made his largest personal commitment to a venture firm as Fundamentum expanded its leadership team and reaffirmed its focus on backing Series B startups

PhonePe appoints Srijon Biswas as CTO; Rahul Chari takes expanded CPTO role

PhonePe has appointed Srijon Biswas as chief technology officer, while co-founder Rahul Chari assumes the expanded role of chief product and technology officer

Reputation biggest risk for Indian fintechs, ahead of cyber, AI: Report

Nearly 59 per cent of fintechs surveyed rated reputation and brand damage as a high-severity risk, ahead of infrastructure, competition and data privacy concerns

Square Yards targets 40-50% revenue growth in FY27 as fintech biz scales

Proptech unicorn Square Yards expects 40-50 per cent revenue growth in FY27, driven by expansion in fintech, AI-led initiatives and broader real estate services

Policybazaar parent PB Fintech to invest Rs 20 cr in payments business

Policybazaar parent will fund its payments arm to support business expansion and set up two DIFC-based subsidiaries for insurance advisory and reinsurance services

SBI-backed Cashfree Payments bets on travel services, overseas investment

The SBI-backed fintech will pilot overseas investment, travel and business-to-business payment offerings this year as it looks to capitalise on rising international transaction volumes

Pine Labs pumps nearly ₹25 crore into subsidiary to fund expansion plans

The rights issue investment will help Synergistic Financial Networks meet working capital requirements and support its future expansion plans

Prosus' India revenue up 13%; PayU turns profitable, Swiggy offsets gains

Dutch technology investor reports $781 million India revenue in FY26 as PayU posts positive adjusted Ebitda for the first time, while Swiggy's quick-commerce investments weigh on profits

GIFT City to offer fintechs runway that home turf doesn't to drive growth

Indian fintech firms are expanding into cross-border payments via GIFT City, leveraging IFSCA's PSP licence to tap trade finance, treasury and capital market opportunities

Recordent launches credit registry for non-profit MFIs to curb defaults

Fintech company Recordent has launched a shared credit information platform for not-for-profit microfinance institutions (MFIs), aiming to help lenders identify borrowers with multiple loans and curb over-indebtedness. The MFI Credit Registry will allow Section 8 MFIs-non-profit lenders that provide small-ticket loans primarily to low-income households-to share borrower loan and repayment data through a common platform before sanctioning fresh credit, an official said. Unlike larger microfinance companies that have wider access to borrower information, many Section 8 MFIs have limited visibility into customers' existing loans, increasing the risk of multiple borrowings and loan defaults, the company said. Recordent CEO and Co-Founder Winny Patro said Section 8 MFIs, which operate as not-for-profit entities, currently manage an estimated Rs 4,000 crore of assets. The company said the registry has already been used with 10 Section 8 MFIs, and the results have been encouraging. Devel