Financial Technologies

Financial services firm KFin Technologies on Friday reported 57 per cent jump in profit after tax (PAT) at Rs 68.07 crore for June quarter 2024-25 driven by strong performance across business segments. The company had posted a PAT of Rs 43.38 crore for the same quarter a year ago, KFin Technologies said in a statement. Revenue from operations rose 31 per cent to Rs 237.56 crore in June quarter 2024-25 from Rs 181.5 crore in the year-ago period. "Throughout the quarter, we achieved significant milestones across our diverse business segments, marked by substantial new client wins, growth, and enhanced profitability. "Notably, we gained significant traction in new contract sign ups in the fast-growing business lines of global fund services (international), alternatives and wealth solutions, fund administration solutions, and technology solutions," said Sreekanth Nadella, Managing Director and CEO, KFin Technologies. The company provides SaaS based transaction management, channel ...

'Inadequate management' of such relationships can expose regulated entities to reputational damage, says M Rajeshwar Rao

The Bengaluru-based fintech firm marked its foray into the marketing and growth solutions space as it launched Engage; a full-stack marketing growth suite

Pai is a seasoned digital payments sector leader with a proven track record of launching innovative solutions and structuring strategic business partnerships globally

Fintech companies believe an SRO can consolidate multiple stakeholders on the back of a framework of common standards

MCX's transition to the TCS-run platform has been delayed, despite the company assuring analysts and its investors that the transition would take place by end-June

Das advised fintechs to pay close attention to governance, business conduct, data protection, customer centricity, regulatory compliance and risk mitigation frameworks

What is a regulatory sandbox?

Regulators SEwhat BI, RBI, IRDAI, IFSCA and PFRDA recently came together to allow an interoperable regulatory sandbox. But, what exactly is a regulatory sandbox? We explains it in this episode

Prosus has been a long-term investor and operator in India, putting in close to $6 billion in Indian technology companies since 2005

63 moons technologies, formerly known as Financial Technologies, on Tuesday said it will provide next-generation technology solutions to Italy-based Spuma SRL as it targets pan-European markets. In addition, 63 moons said it will evaluate global giants in cloud computing services like Amazon's AWS, Microsoft's Azure and Google cloud for deploying the technology, the provider of technology solutions to financial markets said in a regulatory filing to the BSE. 63 moons provides next-generation technology ventures and solutions for creating digital markets and marketplaces that enable price discovery and transaction efficiencies across industry segments. The announcement comes a day after 63 moons said that it will not provide technology support to Multi Commodity Exchange (MCX) after September 30. As per the filing, Spuma SRL will leverage 63 moons' expertise on real-time mission critical solutions, using the latest technology suite. The company will be offering a SaaS ...

The four entities are: Cashfree Payments, Fairex Solutions, Nearby Technologies, and Open Financial Technologies

Indian fintech industry value projected to hit $150 bn by 2025

Upswing Financial Technologies will use the funds in building plug-and-play platforms for open finance and help fintechs and consumer tech players offer financial services seamlessly.

The company has reported a consolidated profit for the quarter ending September 30, 2021

Co-founded by Taavet Hinrikus and Kristo Kaarmann, Wise launched in 2011 under its original name TransferWise

Revolut is making a multi-million pound investment in India over the next five years and has committed itself to the creation of 300 new jobs in the country

FinTech challengers are looking less like start-ups and more like professionally managed companies

The company reported a turnaround for April-June, with net profit of Rs 12.4 crore

The stock slipped 18% to Rs 70.20, also its 52-week low on the BSE in intra-day trade on back of heavy volumes.