The RBI recently released a draft framework for FinTech SROs which it believes is a preferred approach for bringing in a desired balance in the sector. The FinTech sector has welcomed this move by the regulator and highlighted the plus points, alongwith some open questions.
Bagchi founded the startup with fellow former banker Nihar Gupta. Bagchi, who was previously chief business officer at Jupiter, has worked in senior leadership roles at Standard Chartered, Axis Bank, National Payments Corporation of India, Innoviti Payment Solutions, Kotak Mahindra Bank, Global Payments and ICICI Bank. Read on to know more:
Infibeam Avenues has appointed Rajesh Kumar SA as CEO of its artificial intelligence business, Phronetic.AI. Kumar has over 16 years of experience in deep-tech AI and machine learning, having previously worked as the director of ML at Meesho and co-founded Streamoid. With four US patents, Kumar holds expertise in deep learning, ML, fashion styling, and …
Infibeam Avenues appoints Rajesh Kumar SA as CEO of Phronetic.AI Read More »
The global crypto market cap dropped about 5 per cent to $2.22 trillion mark compared to the last day. However, the total crypto market volume increased over 14 percent to $99.85 billion. Barring the dollar pegged stablecoins, all other eight among the top 10 digital tokens were trading lower at 9.30 am IST. Terra dropped …
“On the last day, traders opted for profit booking, causing Bitcoin to come close to the $42,000 mark. However, a rapid bullish phase took over, pushing the price up to $43,500 before settling just below $43,000. Bitcoin’s next challenge is at the $43,918 resistance level, while the preceding support level stands at $42,510,” said Edul …
Crypto Price Today: Bitcoin holds near $42,800; Altcoins trade with mixed cues Read More »
Even though Indian FinTechs witnessed a funding winter for the entire of 2023, they were on an acquiring spree where these fintechs took the M&A route to either back their technological advancements, get regulatory licenses by acquiring NBFCs or better their customer service and reach. As per latest data by Tracxn, ETBFSI gives you a …
Fintechs on an acquiring spree, top 10 deals from 2023 Read More »
Despite the Budget being a Vote on Account, and a detailed version expected after the formation of a new government, FinTech companies hope for continued government support for digital infrastructure and technology adoption.
On the development, Edul Patel, CEO of Mudrex, said, “In response to the FIU’s show cause notices to non-compliant crypto exchanges, we took proactive steps, advising investors to transfer their funds to compliant platforms. We are also providing dedicated support to ensure seamless fund transfers from other exchanges, upholding the highest safety and compliance standards.”
Fintech majors PhonePe, Groww, and others are gearing up to tap into the unsecured loan marketplace with consumer durable lending products.
The US Securities and Exchange Commission (SEC) last week approved a number of spot Bitcoin ETFs and with the decision, the world’s largest cryptocurrency joined the global financial system. The approval of spot Bitcoin exchange-traded funds (ETFs) in the US not only symbolises a maturing market but also signifies support from regulatory authorities, according to …
Bitcoin price nosedives around $42K after spot ETF trading begins Read More »
