Financial Technology News - Latest Updates, Headlines & Analysis

Indian banks outpace global average in digital banking services: Deloitte report

New Delhi, April 22: Indian Banks have made significant progress across digital banking services, outpacing global average on most fronts, according to the 6th Deloitte Global Digital Banking Maturity (DBM).

Carnegie Global Tech Summit: Experts discuss Data Protection Act; hail digitisation, regulation in India's financial sector

New Delhi, April 12: The Indian financial sector is highly digitized, with established consent-based data sharing and governance structures in place, experts said on Saturday and noted that rules concerning the Digital Personal Data Protection Act provide a framework towards a more accountable digital ecosystem while also presenting some challenges.

RBI named most innovative financial institution globally by Global Finance

Mumbai, April 8: The Reserve Bank of India (RBI) has been recognised as the Most Innovative Financial Institution globally in Global Finance's prestigious 2025 Innovators list, the central bank said in a post on X.

48% of BFSI companies flag data security as a priority when deploying AI: Survey

New Delhi, March 29: Nearly half (48 per cent) of banking, financial services and insurance (BFSI) companies flagged data security as their top concern for AI implementation, a survey conducted by global data solutions provider Hitachi's subsidiary Hitachi Vantara found.

National Stock Exchange begins electronic settlement of its unlisted shares

Mumbai, March 24: The National Stock Exchange of India (NSE) on Monday started settling trades of its unlisted shares electronically, marking marks a major shift from the previous manual process.

BOK to conduct real transaction test of digital currency next month

Seoul, March 24: South Korea's central bank said on Monday it will conduct a test of using digital tokens converted from bank deposits for payments at both online and offline malls as part of its comprehensive test to introduce a wholesale central bank digital currency (CBDC).

Electronic payments in Korea hit new high in 2024

Seoul, March 22: The amount of payments made electronically in the Republic of Korea reached a record high last year, central bank data showed Thursday, as a growing number of people engaged in contact-free commerce.

Paytm set to maintain strong contribution margin at 57 per cent by FY27E

New Delhi, March 20: Paytm merchant network expanded by 9 per cent year-on-year (YoY) to 43 million in the third quarter of FY25, with merchants using Paytm's devices increasing by 10 per cent YoY to 11.7 million, according to Motilal Oswal report.

Majority of Indians long-term investors, volatility inherent feature of economic progress: NSE CEO

New Delhi, March 18: Out of 110 million market participants in India, only 2 per cent actively trade in derivatives and the majority are committed to long-term investing, Ashishkumar Chauhan, MD and CEO of the National Stock Exchange (NSE), has said, reinforcing the growing culture of disciplined and sustainable investment in the country.

Digital payments surge with over 18,120 crore transactions in FY25 till Jan, UPI leads

New Delhi, March 11: The digital payment transactions (including UPI) surged with over 18,120 crore transactions in 2024-25 (till January this year), with transaction value crossing Rs 2,330 lakh crore, the government said on Tuesday.

UPI transactions see 33 pc YoY volume growth in Feb, value up 20 pc

New Delhi, March 1: The unified payments interface (UPI) transactions witnessed 33 per cent growth (year-on-year) in transaction volume in February at 16.11 billion, the National Payments Corporation of India (NPCI) data showed on Saturday.

Over 8 in 10 Indians expect AI to boost financial transactions: Report

Bengaluru, Feb 26: Over eight in 10 (84 per cent) Indian consumers expect artificial intelligence (AI) to speed up financial transactions, according to a report on Wednesday.

45 pc young Indians choosing stocks as their primary investment option: Report

Bengaluru, Feb 24: Forty-five per cent of Indians, under age 35, are now picking up stocks as their primary investment option, a new report said on Monday.

Financial institutions must invest in digital infrastructure to stay competitive: RBI Deputy Governor

Mumbai February 21: Financial institutions must invest in digital infrastructure and adopt a data-driven, customer-centric approach to remain competitive in the evolving financial landscape, according to Deputy Governor of the Reserve Bank of India (RBI), M Rajeshwar Rao.

Paytm shows market share growth in Q3 FY25, demonstrates strong performance in digital payments: UBS report

New Delhi, February 11: Paytm Gross Merchandise Value (GMV) increased by 12.8 per cent quarter-on-quarter (QoQ), reaching Rs 5.04 trillion in Q3 FY25.

PhonePe Group exits Account Aggregator biz, will partner other AAs to boost financial inclusion

New Delhi, Feb 7: Fintech major PhonePe Group on Friday announced to exit the Account Aggregator (AA) business, adding that they will instead partner with other AAs in the market.

RBI announces exclusive '.bank.in' domain to tackle financial frauds, expands digital security measures

Mumbai, February 7: RBI Governor Sanjay Malhotra has introduced an exclusive '.bank.in' internet domain for Indian banks to combat financial fraud, along with stricter authentication protocols for digital transactions, while unveiling the Monetary Policy on Friday.

Digital payments record double-digit jump year-on-year: RBI

Mumbai, Jan 30: Digital payments across India recorded a double-digit jump of 11.1 per cent year-on-year (YoY) as on September 2024, according to the Reserve Bank of India's (RBI) index that measures the adoption of online transactions, according to a Central Bank statement.

NSE denies appointment of Siddharth Kotak as its AI Promotion Chairman

Mumbai, Jan 28: The National Stock Exchange of India Ltd (NSE) on Tuesday refuted claims circulating in media reports, regarding the appointment of Siddharth Kotak as the exchange's AI Promotion Chairman.

UPI's share in India's digital payments surged to 83pc: RBI report

Mumbai, Jan 28: The share of the Unified Payments Interface (UPI) in India's digital payments has surged from 34 per cent in 2019 to an impressive 83 per cent in 2024, with a remarkable CAGR (cumulative average growth rate) of 74 per cent over the last five years, according the RBI's payment system report.

Number of credit cards more than doubled to 10.8 cr in 5 years, transactions surge: RBI

New Delhi, Jan 28: The number of credit cards has more than doubled to around 10.80 crore at the end of December 2024, compared to December 2019 when there were 5.53 crore cards in circulation, according to a new RBI report.

Paytm achieves Rs1,828 crore revenue in Q3 FY25 with 10 pc QoQ growth

New Delhi, January 20: Paytm's operating revenue surged to Rs1,828 crore for Q3 FY25, marking an impressive 10 per cent quarter-on-quarter (QoQ) growth.

Gujarat Chief Minister Bhupendra Patel inaugurates GIFT International Fintech Institute and Innovation Hub in Gandhinagar

Gandhinagar, January 17: Gujarat Chief Minister Bhupendra Patel inaugurated the GIFT International Fintech Institute (GIFT-IFI) and the GIFT International Fintech Institute Innovation Hub (GIFT-IFIH), marking a new approach to fostering startups in GIFT City.

SEBI exploring use of AI for faster processing of IPOs and MFs applications

Financial Technology News - Latest Updates & Headlines