NEWSLETTER, Tuesday 04th July 2023
Payments giant Visa Inc to acquire Pismo, a Brazilian Fintech platform for $1 Billion in cash to enhance its reach in Latin America, Asia Pacific and Europe on Wednesday.
The advent of hyperconnectivity, digitisation of AI has brought about significant changes. Customers now possess a higher level of awareness, and there is an abundance of do-it-yourself components, highlights Yeshasvini Ramaswamy, CEO, Great Place to Work.
State Bank of India (SBI) released its improved digital banking software, YONO for Every Indian, as well as Interoperable Cardless Cash Withdrawal (ICCW) services."
Microfinance institutions should prepare for technological trends for enhancing security and streamline onboarding by adopting digital identity and biometric authentication, and should also invest in secure authentication systems to ensure compliance writes Linson Paul, CTO, Muthoot Microfin Limited.
Tata Motors Finance Limited, partners with Fiserv Inc, to fortify its digital lending capabilities and enabling top-notch customer experiences.
Avinash Jha, Sr. Vice President, Knight Fintech, said that, The concept of colending is relatively new and still evolving in the financial industry.
Karun Thareja, Chief Marketing & Product Officer, Faircent, said that, As the saying goes, necessity is the mother of invention, and it holds true in the realm of solutions.
Kotak Mahindra Bank Limited and the National Payments Corporation of India (NPCI) announced that Kotak clients can now use their RuPay Credit Card on UPI using UPI-enabled Apps.
IDFC FIRST Bank raised Rs. 1,500 crore through the private offering of Unsecured, Subordinated, Rated, Listed, Non-Convertible, Fully Paid-Up, Taxable, Redeemable Basel III Compliant Tier 2 Bonds (in the Nature of Debentures) with face values of Rs. 1 Crore each.
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