Bank of Baroda has been awarded the prestigious Payment Card Industry Data Security Standard (PCI DSS) compliance certificate by SISA, a leading forensics-driven cybersecurity solutions company. This accreditation is an internationally recognized Information Security Standard that certifies the secure handling of debit and credit card transactions by Bank of Baroda and the protection of customers’ sensitive financial data from unauthorized access or use. The PCI DSS standards set by the Payment Card Industry Security Standards Council (PCI SSC) en ..read more

Will shape the online business in the days to come: Buying a train ticket or paying a utility bill or even doing a stock trade online today is just a normal activity and one does not ponder over the underlying technology that facilitates these instant payments. Such transactions are enabled by embedded financial services, which simply put is the integration of financial services into non-financial services or products. Embedded finance platforms use APIs to bypass the technical infrastructure to provide plug-and-play functionality. One of the very common offerings through embedded finance pla ..read more

For every small and big organization, compliance has become a critical concern. Why won’t it? After all, compliance is crucial to the smooth running of a business. It is like fuel to a car.  Though it significantly helps organizations in many ways, it also holds an uphill battle for companies to keep up with the ever-changing and increasing demands while maintaining their core operations and profitability. Fortunately, TechOwl GRC steps in here and takes over the compliance burden.  The Compliance Issues  Compliance has become a big challenge for modern businesses. The growing ..read more

Union Minister of State for Skill Development & Entrepreneurship and Electronics & IT, Rajeev Chandrasekhar, participated in a virtual conference hosted by the World Bank under the South-South Knowledge Sharing Series. The primary focus of this event was India’s Digital Public Infrastructure (DPI) and its potential to serve as an exemplary model for African nations. This is especially relevant given the recent inclusion of the African Union in the G20 during India’s presidency of the summit this year. The conference, titled “Digital Public Infrastructure: The India Story,” drew atten ..read more

Edelweiss MF is currently exploring shared memory and serverless architecture for improved customer experience and scalability: Edelweiss Mutual Fund, with investment solutions ranging across equities, hybrid, fixed income, and alternatives in India, offers a robust platform to a diversified client base across domestic and global geographies. Suraj Prakash, Chief Technology Officer at Edelweiss MF, is responsible for the organization’s technology function which spans strategic design, acquisition, management and implementation of organization wide technology infrastructure. Before joining Ede ..read more

Currently, the Data Quality Index (DQI) is being used for data submitted under the consumer segment. With a view to enable further implementation of DQI, RBI has decided that Credit Information Companies (CICs) shall provide the DQIs for commercial and microfinance segments to all Credit Institutions (CIs) latest by March 31, 2024. Further, CICs shall provide DQIs for commercial and microfinance segments in the form of numeric scores on a monthly basis to all member CIs. DQI scores for commercial and microfinance segments shall be provided at CI and file level. The DQI sc ..read more

Cybercrime protection should be a major priority for companies. Especially after COVID-19, as the pandemic caused a 600% spike in cybercrime rates.  Relying on basic spam filtering tools or firewalls isn’t enough because the attackers use sophisticated social engineering techniques to break through the systems or confidential details. You can only keep up with the advanced cyber-attack type with the help of robust tools such as TechOwl Shield.  Why TechOwl Shield?  TechOwl Shield follows a multifaceted approach to combating phishing attacks and rogue websites. Traditional cybersecur ..read more

LIC MF is developing new investor portal and mobile application to widen its connect and increase its intermediation: LIC Mutual Fund, established in 1989 by LIC of India, is a well-known players in the asset management space. It is present across 57 cities in India with 29 branches and 28 sales offices. Nityanand Prabhu, ED & Business Head, LIC Mutual Fund, explains as to how LICMF has implemented the digital strategy for its customers in recent times and its plans for current FY. Digital Transformation Plan Creating superior customer experience, technology, and risk management are at th ..read more

The National Bank for Agriculture and Rural Development (NABARD) showcased its pioneering efforts in integrating digital financial services with the rural and agricultural sectors at the recent Global Fintech Fest (GFF) in Mumbai. Throughout the event, NABARD actively participated in a series of panel discussions addressing crucial themes, such as the profound impact of digital identity and KYC solutions on regulatory frameworks. They also explored collaborations with fintech and agri-tech companies, drawing from their extensive experience in these sectors. NABARD unveiled a range of initiati ..read more

“Building resilient business models amid volatility and change,” will be the theme of Singapore FinTech Festival (SFF) to be held from October  31 – November 4, 2022. Organised by the Monetary Authority of Singapore (MAS)  and Elevandi, in collaboration with Constellar and The Association of  Banks in Singapore, this year’s SFF will return as an in-person event for the first time since  2019 in a grand reunion of the global FinTech community. Government leaders, regulators, financial services leaders, entrepreneurs, investors, and technology leaders will take stock of the ..read more