Fintechs

Fintech startup Finezza is in discussions with NBFCs, especially in the domains of education loan and SME lending, for its soon-to-be-launched co-lending management solution platform, its CEO Krishnan Iyer said. Iyer, who is also the…

Reserve Bank Executive Director Ajay Choudhary on Thursday said there is no "sure-fire way" to regulate fintech players, and made it clear that the onus is on such entities to operate in a balanced way. He said entities in the sector ought…

Fintech companies have had a rough time of late as the RBI has sought to tighten regulations for the sector. Spooked by these rules, a popular banking partner of fintech firms has now told them to stop taking on new customers for its…

of Mauritius (SBM) India, one of the most active partner banks with fintech firms, has delivered a final blow to the card-fintech industry, telling its partners to immediately stop onboarding new users for its co-branded credit prepaid…

Last Friday the ED revealed it had frozen crypto exchange WazirX’s bank assets worth Rs 64.67 crore as part of a money-laundering probe. Now the agency says it has frozen assets worth Rs 370 crore of a Bengaluru company that parked its…

With the funding to fintechs seeing a sharp 30% drop in the June quarter, valuation is expected to shift from payments to lending-led fintechs that will get the maximum wallet share ahead, according to a report. As against this sharp fall,…

Flipkart veteran Adarsh Menon, who joined the company in 2015, will head its new businesses such as Shopsy and Cleartrip once Prakash Sikaria leaves the firm later this year. In January, Flipkart Group CEO Kalyan Krishnamurthy told us…

Financial technology and digital lending firms must operate under the licenses given to them, the Reserve Bank of India Governor Shaktikanta Das said on Friday. The governor stated that the central bank could not allow building up of risk…

Prepaid cards issued by fintech firms such as Slice, Uni and LazyPay have slid below the 100,000-mark after the Reserve Bank of India recently barred the industry them from loading credit lines onto wallets and other such prepaid payment…

Venture capital firms Sequoia Capital and Tiger Global led funding in Indian startups during April-June, with the fintech sector attracting most of the USD 6 billion (about Rs 47,870 crore) investments made during the quarter, industry body…