BFSI UPI remains dominant payment player with over 78 billion transactions in the H1 2024 BFSI Banks are ready to spend more money on cloud: Infosys BFSI PSB Alliance empanels AWS to drive digital transformation for India’s public sector banks BFSI Hitachi Payment Services unveils India’s first Android-Based Cash Recycling Machine BFSI Pine Labs and Visa announce partnership to boost digital payments adoption across Bharat AI Airtel Payments Bank Introduces Face Match to Enhance Account Security BFSI UPI One World’ wallet service now available to inbound international travellers visiting India BFSI Bandhan Bank goes live with online collection of Direct Taxes AI AI Adoption Gains Traction Among Financial Advisors, Highlights Opportunities for Enhanced Client Service and Efficiency: Horsesmouth Survey BFSI Axis Bank collaborates with Mastercard to launch NFC Soundbox BFSI PayU Receives RBI’s In-Principle Approval to Operate as a Payment Aggregator and Onboard New Merchants BFSI New Oracle AI-powered Cloud Service Helps Banks Mitigate Anti-Money-Laundering Risks BFSI AU Small Finance Bank collaborates with Salesforce to transform digital customer onboarding for vehicle loans BFSI Federal Bank completes India’s first-ever single bank digital export collection bill transaction in partnership with WaveBL BFSI None of the Top 10 banks are collecting DPDP-compliant consent BFSI Cashfree Payments launches ‘Embedded Payments’, enabling software platforms to offer seamless payment experiences for businesses AI Only 6% of retail banks have built an enterprise roadmap to drive AI-driven transformation at scale AI GenAI set to boost Indian Financial Services; potentially add USD$ 80 billion to GVA by 2030: EY Report BFSI HDFC ERGO integrates into customers’ lives with innovative upgrades to its Here app BFSI Canara Bank’s ‘Be Cyber Smart’ campaign across state Bus Stations empowering Rural India BFSI LoanTap’s technology division, LTFLoW Partners with The Cosmos Co-op Bank Ltd. for an Innovative Web-based Acquisition Platform for Retail Loan Products BFSI PayU’s LazyPay partners with Thought Machine to shape the future of credit solutions in India BFSI Flywire Partners with State Bank of India (SBI) to Digitize Education Payments from India BFSI BajajCapital & WebEngage enter a strategic partnership to revolutionise customer engagement BFSI 3 in 10 financial services and insurance businesses face IT outages at least once a week: New Relic study AI Vymo’s ‘Rise of AI’ report highlights the the role of AI in transforming Insurance Distribution in 2023 AI Digital lending expands further with 40% increase Q2 FY 23-24: FACETS Report BFSI Genpact Works with AWS and Amazon Business to Redefine Insurance Claims Lifecycle BFSI Cyber insurance gains momentum in India; set to witness exponential growth: Deloitte’s report BFSI Spice Money and NSDL Payments Bank Join Forces to Revolutionize Rural Banking in India BFSI Bank of Baroda awarded Payment Card Industry Data Security Standard (PCI DSS) Compliance Certificate by SISA Analytics SBI Chairman launches Rs 22.50 Cr “SBI Foundation Hub for Data Science and Analytics” at IIT Bombay BFSI PNB launches ‘PNB Swagat’: A Seamless Digital Personal Loan Solution for New Customers BFSI Bank of Baroda Enables UPI ATM facility at over 6,000 ATMs across the country BFSI Indian Bank collaborates with IBM to deploy future ready compute infrastructure to enhance scalability and agility BFSI PNB launches PNB GST Sahay App, enabling MSMEs to access instant loans digitally using GST invoices BFSI Tata AIA introduces Industry-First Premium payment through WhatsApp and UPI BFSI Aditya Birla Capital Collaborates with Hexaware to Build an Immersive Metaverse Experience, Elevating Customer Engagement BFSI HDFC Bank onboards over 1 lakh customers and 1.7 lakh merchants under CBDC pilot programme BFSI Credgenics launches ChatR for WhatsApp-based two-way communications with loan borrowers BFSI Indian households to make over 50% non-cash transactions by FY26: Redseer BFSI Google Pay launches Aadhaar-based authentication for UPI activation BFSI Wipro Launches an Immersive Innovation Experience for Financial Services with Microsoft BFSI Bank of Baroda to offer Interoperable Cardless Cash Withdrawal facility using UPI on its ATMs BFSI Equitas Small Finance Bank collaborates with IBM on modernised banking platform for digital-first generation BFSI Bharti AXA Life Insurance drives digital transformation of its services through Project Serv-o-ttam BFSI Bank of Baroda Introduces Live Video Calling and Live Web Chat facility to enhance customer service BFSI North East Small Finance Bank upgrades its Core Banking System to M2P’s Turing BFSI BajajCapital launches all-encompassing App for seamless investing BFSI Bank of Baroda launches Electronic Bank Guarantee on its digital platform BFSI Federal Bank goes live with electronic Bank Guarantee in partnership with NeSL BFSI Airtel Payments Bank collaborates with the National Payments Corporation of India to roll out Face Authentication for Aadhaar Enabled Payment System (AePS) BFSI Reliance General Insurance to accept Central Bank Digital Currency e-Rupee (e₹) through YES BANK; Becomes a pioneer in the GI space to use e₹ as a mode of premium collection AI Trustt Launches First Major GPT Product Suite for Banking Industry BFSI Airtel and India Post Payments Bank launch WhatsApp Banking Services BFSI Digital wallets expected to rise in transaction value by 88% by 2026: FIS’ 2023 Global Payments Report BFSI Ujjivan Small Finance Bank Launches “Unpause Initiative” to Support the Women Rejoining the Workforce After a Break BFSI 3i Infotech signs an INR 16.5 cr Oracle DWBI Managed Services deal with SBI General Insurance BFSI Digital lending to surpass traditional lending on unsecured loans by 2030: Experian India BFSI LIC policyholders can now access over 11 services directly on WhatsApp BFSI IDFC FIRST Bank and ToneTag partner to launch CBDC Payments BFSI 90% financial service companies in India view ESG as an opportunity to attract increased investment: FIS Research BFSI SBI launches e-Bank Guarantee (e-BG) facility in association with National e-Governance Services Limited (NeSL) BFSI HDFC Bank collaborates with Microsoft as part of its digital transformation journey BFSI Kotak Mahindra Bank taps Gen-Next @ premier B-Schools to envision The Future of Banking BFSI DBS Bank India partners with Gofrugal Technologies to help SMEs adopt ONDC BFSI TPG to acquire Poonawalla Housing Finance at valuation of INR 39 billion BFSI YES BANK partners with Turtlefin to launch ‘EasyNsure’ BFSI Kotak Mahindra Bank Launches Merchant One Account – a Comprehensive Solution for MSMEs BFSI Happiest Minds Technologies partners with CredQuant to drive ESG transformation in BFSI BFSI PM dedicates 75 Digital Banking Units across 75 districts to the nation BFSI Capgemini acquires Quorsus to reinforce its capital markets service offerings BFSI Shriram Life Insurance adopts technology-driven eKYC services BFSI HDFC Bank signs long-term data and technology agreement with Refinitiv BFSI PNB Housing Finance accelerates its digital journey BFSI eGovernments Foundation partners with IIT Madras Alumni Association BFSI IDFC FIRST Bank and WhatsApp enable FASTag recharge through ‘payments on WhatsApp’ BFSI Reliance General Insurance & Paytm partner to offer customisable health product Reliance Health Gain Policy to the masses BFSI Banking-as-a-service will hit mainstream adoption within 2 years: Gartner BFSI Axis Bank and PayNearby partner to launch Savings and Current Bank accounts for last mile SMEs and customers at a nearby store BFSI BOB Financial launches co-branded RuPay Contactless Credit Card with the Indian Army BFSI Over 70% industry leaders doubt FinTech’s profitability in the next couple years: Matrix Partners India-BCG report BFSI Your smartphone is now your POS machine, says Kotak Mahindra Bank BFSI Canara HSBC Life Insurance launches Customer Mobile App on Independence Day 2022 BFSI SBI opens India’s first exclusive bank branch for startups in Karnataka BFSI YES BANK and IBSFINtech tie up to provide enhanced digital services for corporate clients BFSI Milind Nagnur Joins Kotak Mahindra Bank as its Chief Technology Officer BFSI Tech Mahindra ties up with Union Bank of India to launch PSU Metaverse Lounge, Uni-Verse BFSI BOB Financial Partners with IBM to create an elevated digital experience for customers BFSI T-Hub Partners with Swiss Re GBS India to boost innovation in the Insurtech Sector BFSI In Support of the RBI Directive, Mastercard Enables More Than Two Lakh Online Merchants for Card-on-File Tokenization BFSI HDFC Life Invests in ‘Z3Partners Tech Fund’ BFSI NPCI partners with JBIMS to offer a Master’s degree program in Digital Payments to its employees under the “Learn while you Earn” initiative BFSI SBI signs MOU with KDEM to provide access for funds and special financial services for Start-ups in Bengaluru BFSI Contactless payments witnessed a 6x growth in the last 3 years: Visa and Worldline India Whitepaper BFSI illumifin, a leading insurance third-party administration and software provider, announces its full-fledged operations in India BFSI Edelweiss Tokio Life Insurance appoints Kayzad Hiramanek as Chief Operating Officer BFSI Kiya.ai launches India’s first-ever Banking Metaverse BFSI Tata Capital introduces Digital Loan Against Shares BFSI Karnataka making Mangalore as a FinTech Hub is becoming reality
AI AI Adoption Gains Traction Among Financial Advisors, Highlights Opportunities for Enhanced Client Service and Efficiency: Horsesmouth Survey
BFSI PayU Receives RBI’s In-Principle Approval to Operate as a Payment Aggregator and Onboard New Merchants
BFSI AU Small Finance Bank collaborates with Salesforce to transform digital customer onboarding for vehicle loans
BFSI Federal Bank completes India’s first-ever single bank digital export collection bill transaction in partnership with WaveBL
BFSI Cashfree Payments launches ‘Embedded Payments’, enabling software platforms to offer seamless payment experiences for businesses
AI Only 6% of retail banks have built an enterprise roadmap to drive AI-driven transformation at scale
AI GenAI set to boost Indian Financial Services; potentially add USD$ 80 billion to GVA by 2030: EY Report
BFSI LoanTap’s technology division, LTFLoW Partners with The Cosmos Co-op Bank Ltd. for an Innovative Web-based Acquisition Platform for Retail Loan Products
BFSI 3 in 10 financial services and insurance businesses face IT outages at least once a week: New Relic study
AI Vymo’s ‘Rise of AI’ report highlights the the role of AI in transforming Insurance Distribution in 2023
BFSI Bank of Baroda awarded Payment Card Industry Data Security Standard (PCI DSS) Compliance Certificate by SISA
Analytics SBI Chairman launches Rs 22.50 Cr “SBI Foundation Hub for Data Science and Analytics” at IIT Bombay
BFSI Indian Bank collaborates with IBM to deploy future ready compute infrastructure to enhance scalability and agility
BFSI PNB launches PNB GST Sahay App, enabling MSMEs to access instant loans digitally using GST invoices
BFSI Aditya Birla Capital Collaborates with Hexaware to Build an Immersive Metaverse Experience, Elevating Customer Engagement
BFSI Equitas Small Finance Bank collaborates with IBM on modernised banking platform for digital-first generation
BFSI Bharti AXA Life Insurance drives digital transformation of its services through Project Serv-o-ttam
BFSI Bank of Baroda Introduces Live Video Calling and Live Web Chat facility to enhance customer service
BFSI Airtel Payments Bank collaborates with the National Payments Corporation of India to roll out Face Authentication for Aadhaar Enabled Payment System (AePS)
BFSI Reliance General Insurance to accept Central Bank Digital Currency e-Rupee (e₹) through YES BANK; Becomes a pioneer in the GI space to use e₹ as a mode of premium collection
BFSI Digital wallets expected to rise in transaction value by 88% by 2026: FIS’ 2023 Global Payments Report
BFSI Ujjivan Small Finance Bank Launches “Unpause Initiative” to Support the Women Rejoining the Workforce After a Break
BFSI 90% financial service companies in India view ESG as an opportunity to attract increased investment: FIS Research
BFSI SBI launches e-Bank Guarantee (e-BG) facility in association with National e-Governance Services Limited (NeSL)
BFSI Reliance General Insurance & Paytm partner to offer customisable health product Reliance Health Gain Policy to the masses
BFSI Axis Bank and PayNearby partner to launch Savings and Current Bank accounts for last mile SMEs and customers at a nearby store
BFSI Over 70% industry leaders doubt FinTech’s profitability in the next couple years: Matrix Partners India-BCG report
BFSI In Support of the RBI Directive, Mastercard Enables More Than Two Lakh Online Merchants for Card-on-File Tokenization
BFSI NPCI partners with JBIMS to offer a Master’s degree program in Digital Payments to its employees under the “Learn while you Earn” initiative
BFSI SBI signs MOU with KDEM to provide access for funds and special financial services for Start-ups in Bengaluru
BFSI Contactless payments witnessed a 6x growth in the last 3 years: Visa and Worldline India Whitepaper
BFSI illumifin, a leading insurance third-party administration and software provider, announces its full-fledged operations in India
India’s GCC Ecosystem Set to Hit $100 Billion by 2030, Emerges as Global Innovation Hub: Inductus Report
