Cross Border Payments: The Evolution
The arrival of game-changing payment methods like UPI, the domestic fintech space has undergone transformation over the past few years. It has resulted in a massive jump in the number of cashless transactions as it enables real-time payments without knowing the payee’s account information. We now believe that there is an imminent need for a […]
What Fintechs and startups can learn from Yes Bank and Coronavirus events
Usually, banks have robust risk management and business continuity framework to deal with eventualities courtesy stringent guidelines from regulators ( Note: one can’t have any kind of plan for malpractices) But having experienced that majority of Fintechs and startups have very poor risk management and BCP… rightly so because their focus primarily remain to get […]
Reincarnation of Compliance in Financial Institutions
Focus of compliance till date has been about interpreting the rules and regulations prescribed by Central Bank and aligning business around the same. RBI as well as Government have been pro-digital and rules have been changing continously to make the country completely digital. With focus shifting to digital, the compliance frameworks in the bank needs […]