Page 12 - Fintech Firms

Sebi tweaks eligibility norms, paves way for fintech firms to set up AMCs

Entity can sponsor an MF even if it doesn't fulfill profitability rule; CIRP cos asked to have at least 5% public float

'Financial stability is political': Inside China's crackdown on tech giants

President Xi Jinping urged financial regulators to 'dare to' master their supervisory role

Fintech the way forward for Indian banking, payment system: SBI MD

Giving the example of SBI, he said, 91 per cent of jobs are being done digitally now, which was unthinkable 35 years ago

Fintech firm BharatPe appoints Suhail Sameer as first group president

BharatPe claimed that it serves over 4 million merchants across 35 cities, and grew its business by 30 times in 2019. The company claims to have disbursed over 35,000 loans worth Rs 175 crore

Paytm to launch stock-broking services within the next 2-3 weeks

The fintech unicorn, which received Sebi nod in Jan, has already diversified into insurance, e-commerce and banking services

Roadblocks to growth

Is the new Data Protection Bill biting the hands that feed us?

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?