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Unified Lending Interface Will Be Launched In Due Course: RBI Chief
Reserve Bank Governor Shaktikanta Das on Monday said the central bank is constantly working on policies, systems, and platforms to make the country's financial sector strong, nimble and customer centric.
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Decentralised Finance Comes Under Global Regulators' Scrutiny as They Seek to Safeguard Market Stability
Global securities regulators set out on Thursday their first blueprint to make participants in "decentralised finance" (DeFi) accountable for their actions and safeguard market stability. DeFi platforms allow users to lend, borrow and save in digital assets, using the blockchain technology that underpins cryptoassets to bypass the traditional gatek...
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RBI Issues Stringent Norms For Digital Lending Services Aimed at Curbing Malpractice
The RBI has issued stringent norms for digital lending services and apps, as part of its attempts to curb malpractice in the sector. The central bank has mandated that digital loans must be credited directly in the bank accounts of borrowers and not through any third party, digital lending entities and not the borrowers should pay fees or charges p...
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Nexo Seeks to Acquire Vauld, Amid Increasing Consolidation in Digital Currency Industry
Nexo, a cryptocurrency lending platform, revealed it planned to Singapore-based fellow lender Vauld, a day after the latter announced that it had suspended withdrawals for its more than 800,000 customers. The firm has not revealed how much it plans to pay to acquire Vauld, stating that it plans to buy 100 percent of the crypto lending platform and ...
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Your Data for Cash: Indian Lending Apps Force Tough Choice
Digital lending platforms in India have come under greater scrutiny recently for their methods, including the collection and alleged misuse of borrowers' data, underlining the risks to driving financial inclusion with newer technologies.
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Reserve Bank of India Forms Group to Evaluate Digital Lending
The Reserve Bank of India formed a working group to look at digital lending in the country, including lending through online platforms and mobile applications, it said in a statement.
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PayU Buys PaySense for $185 Million to Merge It With LazyPay
PayU on Friday announced it will merge the business operations of "buy now pay later" platform LazyPay and PaySense to build a full-stack digital lending platform in India.
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Samsung Finance+ Digital Lending Platform Launched in India
Samsung has partnered with New Delhi-headquartered DMI Finance to launch Samsung Finance+ in the country.
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Airtel Acquires 'Strategic Equity Stake' in FinTech Startup Seynse
Seynse has created a digital lending platform 'Loan Singh' that enables easy loans for credit-worthy yet underserved borrowers.
-
Unified Lending Interface Will Be Launched In Due Course: RBI Chief
Reserve Bank Governor Shaktikanta Das on Monday said the central bank is constantly working on policies, systems, and platforms to make the country's financial sector strong, nimble and customer centric.
-
Decentralised Finance Comes Under Global Regulators' Scrutiny as They Seek to Safeguard Market Stability
Global securities regulators set out on Thursday their first blueprint to make participants in "decentralised finance" (DeFi) accountable for their actions and safeguard market stability. DeFi platforms allow users to lend, borrow and save in digital assets, using the blockchain technology that underpins cryptoassets to bypass the traditional gatek...
-
RBI Issues Stringent Norms For Digital Lending Services Aimed at Curbing Malpractice
The RBI has issued stringent norms for digital lending services and apps, as part of its attempts to curb malpractice in the sector. The central bank has mandated that digital loans must be credited directly in the bank accounts of borrowers and not through any third party, digital lending entities and not the borrowers should pay fees or charges p...
-
Nexo Seeks to Acquire Vauld, Amid Increasing Consolidation in Digital Currency Industry
Nexo, a cryptocurrency lending platform, revealed it planned to Singapore-based fellow lender Vauld, a day after the latter announced that it had suspended withdrawals for its more than 800,000 customers. The firm has not revealed how much it plans to pay to acquire Vauld, stating that it plans to buy 100 percent of the crypto lending platform and ...
-
Your Data for Cash: Indian Lending Apps Force Tough Choice
Digital lending platforms in India have come under greater scrutiny recently for their methods, including the collection and alleged misuse of borrowers' data, underlining the risks to driving financial inclusion with newer technologies.
-
Reserve Bank of India Forms Group to Evaluate Digital Lending
The Reserve Bank of India formed a working group to look at digital lending in the country, including lending through online platforms and mobile applications, it said in a statement.
-
PayU Buys PaySense for $185 Million to Merge It With LazyPay
PayU on Friday announced it will merge the business operations of "buy now pay later" platform LazyPay and PaySense to build a full-stack digital lending platform in India.
-
Samsung Finance+ Digital Lending Platform Launched in India
Samsung has partnered with New Delhi-headquartered DMI Finance to launch Samsung Finance+ in the country.
-
Airtel Acquires 'Strategic Equity Stake' in FinTech Startup Seynse
Seynse has created a digital lending platform 'Loan Singh' that enables easy loans for credit-worthy yet underserved borrowers.
