Browsing Tag
Fintechs
Fintechs may shift to secure products after RBI order on consumer loans
Fintech companies believe that the impact of Reserve Bank of India's order last week on unsecured loans will be visible in six to 12 months and prompt them to diversify and strengthen their secured portfolio.
Fintechs which source funds…
Dunzo’s business in free fall; PB Fintech’s Yashish Dahiya on opportunities in credit & more
Talk about being caught in a downward spiral. Cash-starved Dunzo has sharply scaled down operations to about a fifth from last year’s peak in a move to save cash, while fresh funds aren’t forthcoming. This and more in today’s ETtech Morning…
Credit a better bet for fintechs eyeing expansion: PBFintech’s Yashish Dahiya
Major Indian fintech startups looking to enter insurance after tasting success in payments or wealth management should focus on credit, given the higher margins available there, PBFintech chairman Yashish Dahiya told ETtech.In a…
Indian fintech sector sees bleak first half of 2023 as funding drops 67%
Funding in the Indian fintech sector dropped 67% on year during the first half of 2023, an industry report released on Monday by market intelligence platform Tracxn said.In the first six months of 2023, Indian fintechs raised $1.4 billion,…
Testing Agencies: The Hidden Catalysts Behind Fintech’s Success Story – News18
Shortage of skilled cybersecurity professionals in the Fintech industry and high cost of end-to-end testing are other challenges for fintech companies.Fintech systems are complex and often include numerous interconnected applications and…
Ant group stung with a $1.1 billion fine: Fintech’s regulatory odyssey ends
Chinese authorities are reportedly set to impose a fine of at least 8 billion yuan ($1.1 billion) on Ant Group, signaling the end of the fintech company's extensive regulatory restructuring. Sources cited by Reuters revealed that the…
Karnataka HC dismisses Twitter plea on takedown orders; fintechs seek FLDG cover for co-lending…
Twitter faced disappointment in the Karnataka High Court today when its plea challenging the Central government’s orders to block certain accounts was dismissed. This comes weeks after Twitter founder and former boss Jack Dorsey upset the…
Big banks eye QR codes amid fintechs’ credit push; Google’s senior VP on AI regulation, and the…
With fintechs such as Paytm and PhonePe entering the credit ecosystem, ICICI Bank, Axis Bank, HDFC Bank and others are trying to get merchants to opt for their QR codes. This and more in today’s ETtech Morning Dispatch.Also in this letter:■…
Rbi: RBI allows fintechs to guarantee loans with strict norms – Times of India
NEW DELHI: The RBI has issued guidelines permitting the use of first loss default guarantee (FLDG) arrangements in digital lending, but with strict norms. Previously, the RBI cracked down on FLDGlending models in which fintechs provided…