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...
Recently, there has been a mobility and a sudden increase in the volume of cryptocurrency trading in India. Despite the decision of the Indian Central Bank (RBI) in April 2018 to ban cryptocurrencies, the rise continues to take place. Cryptocurrency holders believe the market will continue to expand even after RBI's ban will...
NPA’s have been a problem for the banking and finance industry since time immemorial. Banks and financial institutions will go to any length in order to reduce these non-performing assets. Moreover, in the recent times as the leverage of the companies increased, NPAs have become a problem for most...
In February 2017, it was announced that 2 banks and 3 money transfer companies from 4 countries (India, Singapore, Brazil and Canada) will use the Ripple platform to make real-time international payments.
Coinone, a South Korean -based cryptocurrency exchange, has recently announced that it will use Ripple’s blockchain network to carry out cross-border transactions.
Coinone Transfer, which...
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...
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...
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...
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...
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...
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...
