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fintech

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Fintech firm CRED valued at $4 billion in fresh funding round

The new funding round is led by existing investors and private equity firms Tiger Global and Falconedge. 
CRED(CRED/Twitter)
CRED(CRED/Twitter)
Published on Oct 19, 2021 02:54 PM IST
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Reuters | , Bengaluru

India has highest fintech adoption rate in world, says Piyush Goyal

Union commerce minister Piyush Goyal said India is poised to become one of the largest digital markets in the world as he cited UPI banking interface recorded 3.6 billion transactions last month, which is the highest-ever so far.
Union minister Piyush Goyal said India’s fintech industry came to rescue of people during the lockdown and second wave of Covid-19 pandemic by promoting contactless banking. (File photo)
Union minister Piyush Goyal said India’s fintech industry came to rescue of people during the lockdown and second wave of Covid-19 pandemic by promoting contactless banking. (File photo)
Published on Sep 30, 2021 07:36 PM IST
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By hindustantimes.com, New Delhi

Teenagers turn money savvy, courtesy fintech

  • In India, at least six startups operate in the kids’ fintech space, including FamPay, Junio, Pencilton, YPay, Visa-networked Walrus, a Y Combinator-backed company, and Yodaa, a product of Singapore-based Atlantis.
Apps are targeting teenagers with the idea of introducing them to cashless transactions.(File)
Apps are targeting teenagers with the idea of introducing them to cashless transactions.(File)
Published on Aug 18, 2021 07:58 AM IST
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By , Livemint, Bengaluru

Financial privacy must be recognised in India

The study has been authored by Shohini Sengupta.
Reserve Bank of India (RBI) along with Infosys non-executive chairman Nandan Nilekani in 2019 framed privacy largely as a consumer awareness and financial literacy problem.(REUTERS)
Reserve Bank of India (RBI) along with Infosys non-executive chairman Nandan Nilekani in 2019 framed privacy largely as a consumer awareness and financial literacy problem.(REUTERS)
Published on Jul 24, 2021 11:22 AM IST
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By OP Jindal Global University

California's Group 11 completes first closing of fifth fintech fund

The group has invested in startups including Next Insurance and Papaya Global, while founding partner Dovi Frances said two more so-called unicorns are on the way in the portfolio within the next 90 days, without naming them.
Group 11 was founded in 2012 and its latest fund will invest primarily in Silicon Valley-based fintech software companies often connected to Israel through founding teams and research and development centers, it said in a statement.(Bloomberg photo)
Group 11 was founded in 2012 and its latest fund will invest primarily in Silicon Valley-based fintech software companies often connected to Israel through founding teams and research and development centers, it said in a statement.(Bloomberg photo)
Published on Mar 17, 2021 04:35 PM IST
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Bloomberg |

Warburg Pincus marks down value of Chinese fintech giant after IPO derailed

The company cut Ant’s valuation to a range of $200 billion to $250 billion at year end, down from a peak of about $280 billion before the IPO was halted amid a regulatory crackdown, the people said, requesting not to be identified because the matter is private.
Global investors in Ant are grappling with how to assess their investments made in 2018 when the firm was valued at $150 billion. Ant is discussing a “short-term liquidity solution” for employees in April, while Chairman Eric Jing told employees that the company would eventually go public.(HT file photo )
Global investors in Ant are grappling with how to assess their investments made in 2018 when the firm was valued at $150 billion. Ant is discussing a “short-term liquidity solution” for employees in April, while Chairman Eric Jing told employees that the company would eventually go public.(HT file photo )
Published on Mar 16, 2021 05:02 PM IST
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Bloomberg |

India's fintech industry valuation estimated at $150-160 billion by 2025: Report

  • The report unveiled on Saturday details the findings from the study that Boston Consulting Group (BCG) and FICCI undertook to size the value-creation potential and identify imperatives for India's FinTech growth.
India's dynamic FinTech industry has over 2,100 FinTechs of which 67 per cent have been set up over the last 5 years alone.
India's dynamic FinTech industry has over 2,100 FinTechs of which 67 per cent have been set up over the last 5 years alone.
Published on Mar 13, 2021 06:31 PM IST
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PTI |

Govt has a clear vision for India’s financial sector’: PM Modi

  • The Prime Minister praised the role played by fintech in making financial services accessible during the pandemic last year and predicted that the sector “is likely to grow to 6 lakh crore”.
Prime Minister Narendra Modi on Friday highlighted India's effort in assisting neighbouring countries in the fight against the coronavirus pandemic. (PTI)(HT_PRINT)
Prime Minister Narendra Modi on Friday highlighted India's effort in assisting neighbouring countries in the fight against the coronavirus pandemic. (PTI)(HT_PRINT)
Published on Feb 26, 2021 02:33 PM IST
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By hindustantimes.com | Edited by Ayshee Bhaduri, Hindustan Times, New Delhi

China could restrict bank tie-ups with fintech platforms, official suggests

China has vowed to strengthen oversight of its big tech firms, which include the likes of Alibaba Group Holding and Tencent Holdings. Speaking at a wealth management forum, China’s former finance minister Lou Jiwei, warned that fintech platforms with oversized market shares can lead to bad debts.
China’s former finance minister Lou Jiwei suggested that China could restrict the number of banks a single fintech platform can partner with(REUTERS)
China’s former finance minister Lou Jiwei suggested that China could restrict the number of banks a single fintech platform can partner with(REUTERS)
Published on Dec 20, 2020 02:50 PM IST
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Beijing | By Reuters | Posted by Ayshee Bhaduri

Paytm introduces Payout Links for businesses, enables money transfer sans collecting bank details

Paytm Payout is driven by APIs on Paytm for Business Dashboard to make bulk payments to bank accounts, UPI addresses, and Paytm Wallets instantly.
Small vendors on street sides are accepting PayTM as a mode of payment in New Delhi.(Saumya Khandelwal/HT PHOTO)
Small vendors on street sides are accepting PayTM as a mode of payment in New Delhi.(Saumya Khandelwal/HT PHOTO)
Published on Nov 10, 2020 05:22 PM IST
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New Delhi | By Press Trust of India | Posted by Kanishka Sarkar

Fintech lending company CASHe partners with WebEngage to power their user engagement

CASHe, India’s fastest growing app-based lending platform that provides financing to working millennials, has tied-up with marketing automation platform WebEngage to power their user engagement across web and mobile.
Updated on Oct 20, 2020 04:47 PM IST
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Fintech firm Razorpay joins unicorn club

Existing investors Ribbit Capital, Tiger Global, Y Combinator and Matrix Partners also participated in the Series D round. It has raised $206.5 million since inception in 2014, including $75 million in the previous round of fundraising last year.
Harshil Mathur, CEO & Co-founder, Razorpay.
Harshil Mathur, CEO & Co-founder, Razorpay.
Published on Oct 12, 2020 06:43 AM IST
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Livemint, Bengaluru | By Tarush Bhalla

This Indian Pricing strategist is taking the financial-tech industry in the USA by storm

Akshat who originally hails from UP’s Muzaffarnagar is an alumnus of Stanford where he majored in Strategy and Finance and graduated from in 2009.
Updated on Oct 01, 2020 05:15 PM IST
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Get funds instantly with a pre-approved personal loan from Bajaj Finserv

You can use the amount to fund any expense and use it without restriction, be it to renovate your home, consolidate debt, make big-ticket purchases, or address medical or other emergencies.
With lenders like Bajaj Finserv, you can get access to a high loan amount in just a few clicks.(Shutterstock)
With lenders like Bajaj Finserv, you can get access to a high loan amount in just a few clicks.(Shutterstock)
Updated on Sep 16, 2020 04:56 PM IST
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Philip Belov, CEO of Antis Capital talks about how to deal with hate

The Antis Capital company established by Philip Belov has managed to achieve such spectacular successes on the cryptocurrency market due to the implementation of innovative technologies created with virtual currency trading in mind.
Philip Belov
Philip Belov
Updated on Aug 19, 2020 04:08 PM IST
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Quickcredit.in comes to the rescue of millennials during the pandemic crisis as it serves as a lifeline for instant monetary aid

This Hyderabad stationed fintech company is offering instant cash loans without any physical communication involvement, burdensome documentation, collaterals, and holding off.
Quick credit’s android based instant cash loan app has created a feat by reaching 1 million+ downloads mark.
Quick credit’s android based instant cash loan app has created a feat by reaching 1 million+ downloads mark.
Updated on Jun 05, 2020 05:33 PM IST
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Finvasia Ventures into real estate, launches its first project

The project is a 8-storey commercial building spanning across 100,000 sq. ft. in Sector 74, Mohali, Punjab and is available for leasing to IT and ITES companies.
Finvasia was co-founded by ex-Wall Street bankers, Sarvjeet Singh Virk and Tajinder Pal Singh in the year 2009.
Finvasia was co-founded by ex-Wall Street bankers, Sarvjeet Singh Virk and Tajinder Pal Singh in the year 2009.
Updated on Jun 04, 2020 07:22 PM IST
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Disha Patani and Aditya Roy Kapur connect virtually, cinematographer undergoes brain surgery after suffering a fall

From the Malang team including Disha Patani and Aditya Roy Kapur connected on a video call to cinematographer Nadeem Khan being hospitalised, here are top news from world of entertainment.
Here are top news from world of entertainment.
Here are top news from world of entertainment.
Updated on May 07, 2020 10:28 AM IST
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Hindustan Times, New Delhi | By hindustantimes.com

Investment and innovation — the building blocks for UK and India beyond Brexit

Both nations are working together on AI to deliver health care, and on fintech and payments solutions
Prime Minister Narendra Modi with his British counterpart Boris Johnson(PTI)
Prime Minister Narendra Modi with his British counterpart Boris Johnson(PTI)
Published on Jan 30, 2020 06:43 PM IST
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By Dominic Asquith

HostBooks Selected as GST Suvidha Provider (GSP) by GSTN

GST Suvidha Providers (GSP) are empowered with technical capabilities to handle multiple services related to GST. With this announcement of GSTN, HostBooks now becomes part of GSTN privileged service providers.
HostBooks Selected as GST Suvidha Providers (GSP) by GSTN(HostBooks)
HostBooks Selected as GST Suvidha Providers (GSP) by GSTN(HostBooks)
Updated on Dec 04, 2019 04:16 PM IST
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Deutsche Bank to partner with fintech firms to push quicker loans for small businesses

Deutsche Bank will tie-up with atleast five fintech companies for faster background checks and loan processing, said a senior official of the bank. Fintech is an umbrella term coined in the recent past to denote technological innovations that have a bearing on financial services
Deutsche Bank’s total advances stood at ₹48,269 crore in FY19 and its total deposits stood at ₹56,159 crore in the same period.(Reuters photo)
Deutsche Bank’s total advances stood at ₹48,269 crore in FY19 and its total deposits stood at ₹56,159 crore in the same period.(Reuters photo)
Published on Aug 21, 2019 01:06 PM IST
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Mumbai | By Shayan Ghosh

India ‘best destination’ for Fintech firms, startups, says PM Modi in Singapore

Along with Singapore’s deputy premier, T Shanmugaratnam, Prime Minister Narendra Modi launched APIX (Application Programming Interface Exchange), a global platform that will initially connect Asean and Indian banks and Fintech firms before being rolled out more widely.
Prime Minister Narendra Modi speaks during the Singapore Fintech Festival on Wednesday.(PTI Photo)
Prime Minister Narendra Modi speaks during the Singapore Fintech Festival on Wednesday.(PTI Photo)
Published on Nov 14, 2018 10:26 PM IST
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Hindustan Times, New Delhi | By HT Correspondent

‘This is not a passing fad’: CFA Institute adds crypto, blockchain to curriculum

The CFA material on crypto and blockchain will appear alongside other fintech subjects including artificial intelligence, machine learning, big data and automated trading.
The CFA material on crypto and blockchain will appear alongside other fintech subjects including artificial intelligence, machine learning, big data and automated trading.(AP Photo)
The CFA material on crypto and blockchain will appear alongside other fintech subjects including artificial intelligence, machine learning, big data and automated trading.(AP Photo)
Published on Jul 16, 2018 06:13 PM IST
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Bloomberg | By Michael Patterson and Andrea Tan

Yes Bank wants to evolve as a tech company, restructures top management

Yes Bank has inducted Raj Ahuja, experienced in fintech, telecom and technology, as its chief financial officer, and realigned the job profile of the current CFO Rajat Monga to include the digital banking and technology functions.
A man walks past by Yes Bank Ltd. branch in Mumbai, India.(Dhiraj Singh/Bloomberg)
A man walks past by Yes Bank Ltd. branch in Mumbai, India.(Dhiraj Singh/Bloomberg)
Updated on Apr 03, 2018 06:03 PM IST
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Press Trust of India, Mumbai | By HT Correspondent
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Wednesday, October 20, 2021