Prof D Janakiram, director of Hyderabad-based Institute for Development and Research in Banking Technology (IDRBT) this year, speaks to Swati Rathor about the threats facing our banking systems and the work IDRBT is doing to beef up their security ... in their systems.
Today, , a leading provider of advanced rating, pricing and product personalization solutions for insurers and banks, announced robust enhancements to the rating and pricing system designed to increase transparency, assure compliance, and build consumer trust ... Earnix is a leading provider of mission-critical systems for global insurers and banks.
Prime MinisterNarendra Modi has unveiled the e-Rupi system ...The Prime Minister in his address shared examples of how the system could be used ... The government subsidies on education, agriculture and nutrition could also be routed via e-Rupi system ... e-Rupi does not need a smartphone, a digital payments app, a card, or even internet banking.
A total of 100 billion yuan (about $15.47 billion) was injected into the market via the medium-term lending facility (MLF) last month to maintain liquidity in the banking system at a reasonably sufficient level, according to the People's Bank of China... in the banking system.
Unbanked [refers to] the people entirely outside of the banking system ... The ripple effect is, if you’re in the banking system, you have an opportunity to develop credit, you have an opportunity to secure a credit card, and you also don’t pay any additional fees [to access your money] like you would at a check-cashing place.
Some of the suggested partnerships for the banks include payment systems where a blockchain-powered payment network would allow for faster and more efficient international transactions or how the blockchain technology could be utilized to allow for cheaper and secure lending processes.
Starting August 1, all the important banking transactions like salary, pension and EMI payments will happen 24X7, as the NationalAutomated Clearing House (NACH) system has been made available on all days, including Sundays and bank holidays ... So far, banks were enjoying the float, where they used the fund in those two days.
Realme has launched MagDart, a wireless charging system which it says is the first magnetic wireless charger for Android phones ... It hasn’t stopped at the charging disc either, but has also announced a MagDart power bank, a case, a wallet, and even a selfie light that uses the system.
The ReserveBank is consulting on ways to tighten mortgage lending, following an update to the agreement between the Government and the Reserve Bank on addressing housing issues. ...Robertson said it was "sensible for the Reserve Bank to consult on lending rules designed to ensure the stability and soundness of the financial system".
NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that S&T Bank is now live on the nCino Bank Operating System ® ... The nCino Bank Operating System® empowers financial institutions with scalable ...
Even if one does not have a bank account or a digital payment app or a smartphone can benefit from these vouchers ... InfrasoftTech provides an e-RUPI technology stack to banks by helping them in implementing the technology - right from integration with the existing systems to deployment as per their target beneficiaries.
The Bank of Ghana has expanded the list of institutions required to participate in the Credit Reporting System established under the Credit Reporting Act, 2007 (Act 726) ... The Bank of Ghana urged institutions to take steps to comply with the provisions of Act 726 by October 31, 2021.
The central Bank of Iran...Central bank ... However, it said that Bahraini banks have refused to return the rest of the funds since then while rejecting CBI’s repeated requests to use them for funding humanitarian missions to help Iran avoid US sanctions targeting its banking system.
To help the economy through the hard times caused by the pandemic, the RBI has maintained excess rupee liquidity in the banking system with the daily surplus currently exceeding 6 trillion rupees ($80.78 billion) ... "Any RBI action on fine-tuning banking system liquidity as ...