Cryptocurrency exchange startup Unocoin is close to finalising its Series A funding round, targeted at $5M. The round, thus far, … More
Tag: RBI
AI can play a critical role in fraud detection in banking, finance industry
In 2019, RBI reported that losses due to banking frauds have grown by 73.8%. AI-backed robo advisory services have a … More
RBI gives 5-pillar cybersecurity approach for UCBs
The RBI came out with a 5-pillared strategic approach ‘GUARD’ to deal with cybersecurity threats faced by UCBs. GUARD comprises … More
RBI to set up tech hub for innovations in financial service space
An RBI official said on Monday that the bank is setting up an innovation hub, focussing on future tech in … More
Government considers law to ban cryptocurrency as usage surges
The GOI is mulling a law that’d ban cryptocurrencies’ usage in India. Reportedly, the finance ministry has already initiated inter-ministerial … More
What is the future of digital lending in India?
Bank-based loans are replaced by apps. Structured paperwork, restricted loan accessibility for small consumers, marginalised sections resulted in its unpopularity. … More
