Page 2 - Fintech

Funding to Indian fintech rises 66%, number of rounds decline by 25%

On a quarter-on-quarter basis, funding to the fintech sector more than doubled from $293 million in Q2CY24

RBI nudges fintechs to consider granting same-day loans to street hawkers

Loans are repaid within 24 hours and seek to bolster financial inclusion at the bottom of the pyramid

Self-regulatory organisation for fintechs set to change membership profile

FACE's membership may expand to 180 from 80 as it diversifies and becomes more inclusive

M2P Fintech raises Rs 850 crore in series D, valuation at Rs 6,550 crore

The capital raised in the latest funding round will be utilised to strengthen its operations in India and grow its international footprint, particularly in Africa, the company said

'Unsecured credit growth slows but demand remains strong': Fibe co-founder

Digital lending company Fibe sanctioned 46.6 million loans in H2FY24, showing an 8.4 per cent increase from H1FY24. The firm has raised a total of $228 million in funding since its inception in 2015

Chennai-based fintech Kaleidofin announces raising $13.8 mn in funding

Company provides loans to low-income customers and businesses in informal economy

70% of employees unhappy at work, 54% looking to quit, finds report

Among various industries, the Fintech sector is ranked as the happiest, with the Real Estate sector emerging as the least satisfied

British fintech Revolut set to enter India in 2025, eyes premium market

Revolut Group Holdings is a global neobank and financial technology company. It has received in-principle approval from the RBI to issue prepaid cards and wallets

Navigating Growth in India's Thriving Start-Up Ecosystem

Paytm surges 9%, hits over 7-month high on heavy volumes; up 34% in 1 month

In nine trading days since August 29, the market price of Paytm has rallied 28% after Paytm Payment Services received FDI approval. It will also resubmit its payment aggregator licence application.

NBFCs may soon join technology credit wave on UPI-like innovation

RBI likely to allow access to both legacy, fintech NBFCs

Govt taking measures at policy level to help fintech sector: PM Modi

Prime Minister Narendra Modi on Friday said the government is taking various measures at the policy level to promote the fintech sector, which attracted over USD 31 billion investments in the last 10 years, and the abolition of the Angel Tax is also a step towards the growth of the segment. Addressing the Global Fintech Fest 2024 here, the Prime Minister also asked the regulators to take more measures to stop cyber frauds and further increase digital literacy among people. "Fintech has played a significant role in democratising financial services," he said, and expressed confidence that it will help in improving the quality of life for Indians. Modi emphasised that adoption of fintech by Indians is "unmatched in speed and scale" and no such example can be found anywhere else in the world. He said the transformation brought about by the fintech sector in India is not just limited to technology, but its social impact is far-reaching. He also stressed that fintech has dented the para

Global Fintech Fest highlights: India's fintech revolution is improving financial inclusion, says PM

PM Modi at Global Fintech Fest highlights: Catch all the news developments here

Banks will lose out if they don't partner fintechs: Axis Bank CEO

He highlighted that as customers transact more digitally, the banks' operating costs will come down

72% Indians believe financial institutions collect more data than required

The survey further added that a resounding 86% of users express a desire for granular control over data sharing

Fintech has democratised financial services, success unmatched: PM Modi

Companies have 'amazing innovations' to create trust among people, he says

Prime Minister Narendra Modi visits Global Fintech pavilion in Mumbai

At the Jio Convention Centre, PM Modi addressed a special session of Global Fintech Fest 2024, which is displaying the latest innovations in the fintech landscape

Fintechs don't have track record to evoke trust: RBI's T Rabi Sankar

Speaking at Global Fintech Fest 2024, Sankar noted that fintech cos largely not licensed by regulator, making it even more crucial for them to prove they can operate responsibly and earn public trust

Bank-fintech tie up will boost innovation, risk management: RBL CEO

The experience of banks and non-banking financial companies (NBFCs) in risk underwriting and risk assessment will help in improving customer experience

India to play prominent role in rule-making for fintech, DPI, says official

India has always been a "rule-taker" but it has a prominent role to play in rule-making in the fin-tech solutions and DPI area given that most of these technologies are made in the country, a senior diplomat said on Wednesday. Dammu Ravi, Secretary (Economic Relations), Ministry of External Affairs, said India wants to collaborate with the World Bank and the International Monetary Fund to help set standards for digital payments, blockchain technologies, and cyber securities. India is also trying to build and help countries in the global south with DPI (Digital Public Infrastructure). "For a long time, India has always been a rule-taker. We just complied with the rules made by the global community, largely driven by the Western nations. But in the fin-tech solutions, fin-tech technologies, and the DPI world, India has an eminent role to play in rule-making because most of the technologies are made in India," Ravi said while addressing Global Fintech Fest in Mumbai. The youth of Indi