PayU has introduced an AI-powered outbound voice call assistant as part of its push to become an AI-native organisation across the merchant lifecycle. The solution […]
Tag: KYC
RBI issues final guidelines for digital banking channels
The Reserve Bank of India (RBI) has issued its final guidelines for digital banking channels, requiring banks to record or document the explicit consent of […]
Digit Life reports 31 per cent revenue growth in H1 FY 2025–26
Go Digit Life Insurance Limited (Digit Life) has announced a strong financial and operational performance for the first half of FY 2025–26. According to the […]
RBI introduces UPI access for prepaid wallets via third-party apps
The Reserve Bank of India (RBI) has enabled Prepaid Payment Instrument (PPI) holders to make Unified Payments Interface (UPI) transactions through third-party applications. This policy […]
Cloud has democratised banking and fintech industry
Kindly give us a brief about Finnate – its products and services, and your role in the company. Finnate is a constantly evolving, modular, cloud-native […]
Irdai forms task force to facilitate ease of doing KYC using Aadhaar
Regulator Irdai has constituted a task force to facilitate ease of doing Know Your Customer (KYC) by insurers using Aadhaar, the 12-digit individual identification number. […]
FinMin permits 22 finance cos to undertake Aadhaar-based verification of clients
The Finance Ministry has allowed 22 financial companies, including Amazon Pay (India) and Hero FinCorp, to undertake Aadhaar-based authentication of clients. The ministry, through a […]
Money transfer: RBI mandates complete info about originator, beneficiary
The Reserve Bank on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contain complete information about the […]
High balance bank accounts without updated KYC details under the lens
The government and the banking sector regulator are looking into operative accounts with significant balances that have not updated their know your customer (KYC) details. […]
NPCI’s interoperability guidelines to pave way for additional revenues for Paytm Payments Bank: Analysts
Analysts including Morgan Stanley and Citi said that the NPCI’s latest guidelines on interoperability significantly improve the salience of wallets and open avenues for additional […]