Host of Mad Money, Jim Cramer had a talk show with the PayPal CEO Dan Schulman about the international potential in the technology. Shculman has stated that international states like India are helping to improve their paying systems such that accounts and credit cards are being replaced with online...
On April 5, Bank of India ( RBI ) issued a warning to all banking and financial institutions in the country to cut off their dealings with Cryptocurrency-related companies. In the face of this incident, the crypto market in India was dragged into a panic, causing the crypto investors in the country to enter an alternative search. Some eye-catching traders continued...
The State of Fintech industry: Call leads, the leading financial monitoring and notification services provider, has recently published an infographic entailing the key developments that are taking place in the Fintech industry. The key insights provided are following: Global investment in the five years from 2010 to 2015, surged by...
The conventional monetary dealings have internationally experienced a major change that has been realized by technology and advancement. In 2015, in excess of 12,000 new businesses grew in the Fintech space over the world with an enormous assumption of USD 19 billion. By definition, Fintech involves IT – based...
Joint Agreement Could Improve and Lead To More FinTech-Related Enterprises: A joint agreement by the Indian state of Maharashtra government and Singapore’s main bank – the Monetary Authority of Singapore – will lead to possible FinTech enterprises in various areas such as blockchain technology. The pact includes a Memorandum of Understanding...
The top executive of Reserve Bank said the main focus of their new fintech unit is not high frequency trading but rather to ensure there is a "cohesive view" on fintech. Reserve Bank deputy governor Francois Groepe explained that in the medium to long-term we will have to look at...
Fintech industry Highlights: Fintech as an innovation is driving the future of financial industry. It emerged as a missing link between the conventional financial services and a future world of finance. However, it is pertinent to delve into history in order to understand the emergence of these financial and technological...
Ways GCC Can Flourish In Fintech: In the last decade, digital and mobile inventions have caused distortions in key sectors and changed the expectations of consumers immensely. These technological advancements have turned the tables in the procurement of basic commodities, transportation, and socialization with the exception in the finance sector...
There are numerous disparities in India, for instance, both uncritical acceptance in astrology and technological applications exist side by side. Such coexistence represents the diversity of the country, a unique quality that intrigues global stakeholders. Surprisingly, the start-up network manages to evolve amid low literacy and income levels. India...
In the series of International heists Bangladesh bank lost $81 million: Cyber theft that resulted in $81 million stolen from the Bangladesh Central Bank was similar to the methods employed to steal $2 million from the Indian City Union Bank, according to the CEO of City Union Bank. Earlier, the hackers...