Category: Technology

Fintech will lead to financial revolution: PM Modi

Prime Minister Narendra Modi said the economy of any country is as progressive as its banking system is strong and that fintech would lead to a financial revolution. The banking sector has become a medium for good governance and better service delivery, Modi said, adding that Digital Banking Units (DBUs) will further financial inclusion and […]

Ed-tech firm Veranda Learning acquires CA Test prep platform JK Shah Education for Rs 337.8 crore

Ed-tech firm Veranda Learning Solutions has agreed to buy pioneering CA test prep platform J K Shah Education as the Chennai-based firm looks to expand into chartered accountancy and company secretary coaching. The said transaction will be completed in two phases, with the first phase seeing the payment of 76% of the outstanding capital together […]

India in talks with different countries to make RuPay acceptable in their nation, says Sitharaman

India is talking to different countries to make Rupay acceptable in their nations, Union Finance Minister Nirmala Sitharaman said on Tuesday. “Not just that, the UPI (Unified Payments Interface), the BHIM app, and NCPI (the National Payments Corporation of India) are all now being worked in such a way that their systems in their respective […]

Wysa, ACT Grants to invest Rs 4 crore for mental health app in Hindi

Wysa, an artificial intelligence digital platform for mental health, is co-investing Rs 4 crore with ACT Grants to develop a Hindi language mental health app. It will also be accessible through WhatsApp as the company seeks to make its services more accessible in tier 2 and tier 3 cities. Wysa, whose backers include Google Assistant […]

MG Motor India to now bolster India’s EV startup ecosystem

MG Motor India and its consortium members on Monday launched the fourth edition of its Developer Programme and Grant (MGDP) to accelerate, mentor and incubate innovative Indian startups in the field of electric mobility, as the country aims to obtain 50 per cent of its installed electricity capacity from non-fossil sources by 2030. Over the […]

Ecommerce user base in India to outpace US in two years: Bain report

E-commerce in India is expected to grow at a rate of 25-30% annually for the next five years, with a steady increase in user base that is estimated to beat the second largest e-commerce shopper base – United States – in the next one or two years, according to a report by consultancy firm Bain […]

Half of digital transformation over, cost-to-income ratios on tech spends plateaued: HDFC Bank

HDFC Bank has completed over half of the digital transformation work it had undertaken over two years ago and is past the peak on tech spends as a percentage of the income, a senior executive said on Tuesday. It can be noted that concerns on the digital front had led to an unprecedented penal action […]

UPI transactions up over 3% at 678 crore in September

UPI transactions grew by over 3 per cent to 6.78 billion in September from a month ago, data from NPCI showed on Saturday. In August 2020, the total number of Unified Payment Interface (UPI) based digital financial transactions stood at 6.57 billion (657 crore). In value terms, 6.78 billion (678 crore) transactions in last month […]

PSBs plan to set up big data and analytics verticals

State-run banks will set up dedicated verticals for big data and analytics, and integrate all data sources, eyeing a shift to a more data-driven decision-making. The move follows the government’s directive to lenders to strengthen data-driven, integrated and inclusive banking. In the next one year, public sector banks will also roll out digital-only products and […]

Palanikumar Joins Equitas Small Finance Bank as Vice President – Information Security

B2B Infomedia: Palanikumar Joins Equitas Small Finance Bank as Vice President – Information Security. Palanikumar Arumugam holds a post graduate degree in Information Technology and holds Certified Information Security Auditor (CISA), Certified Data Privacy Solutions Engineer (CDPSE) and Certified Cyber Intervention Officer (CCIO) certifications. He is a seasoned InfoSec leader with two decades of experience […]

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