Search videos: #digitalbanking

  • कार्ड की झंझट खत्म, अब UPI के जरिए ATM से निकलेगा पैसा | #upi #atm #digitalbanking #shorts

    कार्ड की झंझट खत्म, अब UPI के जरिए ATM से निकलेगा पैसा | #upi #atm #digitalbanking #shorts

    कार्ड की झंझट खत्म, अब UPI के जरिए ATM से निकलेगा पैसा | #upi #atm #digitalbanking #shorts

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    कार्ड की झंझट खत्म, अब UPI के जरिए ATM से निकलेगा पैसा | #upi #atm #digitalbanking #shorts

    By Navtej TV| 39 views

  • Banks alerts on SOVA Trojan

    Banks alerts on SOVA Trojan

    Last year, in September, #SOVA appeared on the dark web or underground markets with capabilities to harvest usernames and passwords through keylogging, stealing cookies and placing false overlays on several apps installed on mobile. Ransomware attacks on mobiles would be catastrophic for every user.

    Recent days have seen Indian mobile banking app users being hit by malware like Oscorp, Brata, SOVA, etc. that defraud victims by remote access controls, collecting keystrokes, or stealing cookies from devices. Many of these Malwares also seize the multi-factor authentication tokens.

    Furthermore, this malware can capture screenshots, and record videos from the device’s camera without the permission of the users. One of the Android Trojans recently highlighted is SOVA Malware which has harmful capabilities like keylogging, overlay attacks, Screenshots Capturing & abuse of accessibility permissions. Mostly, this is sideloaded from phishing links sent to users on E-Mail/SMS/WhatsApp.

    India’s computer emergency response team (CERT-In) also issued a warning about SOVA Android Trojan. SOVA was earlier focusing on countries like the US, Russia and Spain; but, in July 2022, it added several other countries, including India, to its list of targets.

    The v4 version of this malware hides itself within fake Android applications that show up with the logo of a few famous legitimate apps like Chrome, Amazon, and the non-fungible token (NFT) platform to deceive users into installing them.

    The banking industry is undergoing massive digital disruption with mobile apps and e-payments becoming the norm. India had 1.2 billion mobile subscribers in 2021, of which around 750 million were smartphone users. India is going to have 1 billion smartphone users by 2026, says a Deloitte report. For most people, mobile is becoming the preferred option, whether it is food ordering, ticketing, entertainment, payments, or funds transfer.

    With the u

    By VARINDIA| 15 views

  • Banks using metaverse

    Banks using metaverse

    There are platforms that are readily available to empower banks with their own metaverse that provides a highly personalized experience to their customers by allowing banks to use cutting-edge technology with a human touch which will significantly deepen and personalize customer interaction.

    It will enable banks to harness the potential of enhanced User experience to bring out the best outcomes for data visualization and gamification of processes and procedures. With this it will allow banks to extend their own Metaverse for clients, partners, and employees, through services that will include Relationship Manager & Peer Avatars and Robo-advisors.

    Besides its potential regarding product and service innovation in payments, investment, insurance and loans, the metaverse is an opportunity for banks to foster deeper customer connections.

    It can help restore the in-person dialogues that are currently missing in digital channels and help create memorable experiences for the next generation of banking customers, many of whom may never need to step into a bank branch in their lives. With this you choose a digital avatar for yourself, walk into the bank lounge and access the available banking services.

    Experts say while digital banking is functionally interdependent and inclusive, it is all too often seen as being emotionally detached. The metaverse allows banks to use cutting-edge technology with a human touch that will significantly deepen and personalise customer interaction.

    It is an opportunity to restore the dialogues lost in digital channels. Digital banking will be bigger, not only allowing remote access to services, but adding a personal touch.

    Today's Headline in NewsHours
    0:00 Intro
    2:03 #RajnathSingh launches 75 newly-developed AI defence products
    2:43 #Bitcoin expected to drop to $10,000 rather than $30,000
    3:17 Govt to introduce Bank privatisation bill in Monsoon Session
    3:53 Ris

    By VARINDIA| 11 views

  • Can banks meet the neobank challenges in India?

    Can banks meet the neobank challenges in India?

    Neobanks have grown significantly in India with the role of Fintech getting deeper. The definition of neobanks has changed as they are differentiating themselves from online banking services and moving away from being centred only around digital banking to focus on providing a superior customer experience. Neobanks are now being heralded as the future of banking. According to statistics, the global neobanking market size stood at $47.39 billion in 2021 and is estimated to grow at an astronomical rate (compounded annual growth rate) of 53.4 per cent from 2022 to 2030. Neobanks have shifted their focus towards providing superior customer experience. Therefore, it is useful to identify the needs of such target customers which in turn have fuelled and sustained the growth of neobanking in India and worldwide. However, Neo banks or fintech companies are not directly regulated by RBI nevertheless, that does not mean that they are completely out of RBI's clutches. "These fintechs are indirectly under RBI's purview. It is estimated that there are more than 250 neobanks worldwide. Incumbent banks should focus on faster time to market for new products and services plus new ways to add value and increase loyalty with their customers, says Abdul Naushad, CEO of Buckzy Payments.

    Neobanks’ use of cloud technology means they avoid having to spend heavily up-front on expensive IT infrastructure. With standardized open banking APIs, neobanks can build and bring to market products and services that enable faster, more frictionless fund transfers between account holders, other financial providers, and transactions with merchants. With these foundations in place - and sustained by a steady flow of private equity cash - neobanks are free to focus their time and effort on creating and launching easy-to-use current accounts and other products that prioritize a top-notch customer experience. The rise of neobanks comes at a time when customers have become dissatisfie

    By VARINDIA| 13 views

  • India to have over 250 unicorns by 2025

    India to have over 250 unicorns by 2025

    India will have more than 250 Unicorns by 2025. The country has now been positioned as the 3rd largest unicorn hub in the world and surpassing even major countries such as the UK, Germany, France, and more. Moreover, it becomes the fastest growing startup ecosystem and creating a unicorn every five days. As per the report published in the Economic Times on January 15, 2022, India – with 90 unicorns – is the third-largest unicorn hub behind the US (487) and China (301) and ahead of the UK (39). Indian unicorns are also exploring the public listing avenues as a next step to realize the growth potential. This prediction comes from the proprietary data analysis of venture growth investor, Iron Pillar, in its Tech Unicorns Market Landscape Report IV. InMobi was India’s first unicorn in 2011. Entrepreneurs are building bigger enterprises at a faster rate -- 50 per cent of the 130 companies reached unicorn status in the first five years after their initial institutional fundraising. The public listing of 12 Unicorns is another indicator of the increasing maturity of the Indian tech ecosystem. While there is a strong belief that this pace may reduce a bit in the next 24 months, creating 250 companies with over $1 billion in value by 2025 is an extremely activable goal for Indian founders.

    India is on a global growth story. Thus, lots of global funds and investors are chasing assets. The internet companies in India do not even control 1% of the $3.4 trillion domestic equity market. In the US, the internet ecosystem dominates with 40% of the market capitalisation. The surge in fund inflows into startups to the digital transformation has disrupted everything in the wake of the coronavirus pandemic. The pandemic-induced lockdowns have driven this rally, and that along with the huge market potential for these companies has caught the attention of global investors. Investors are looking for some sparks in new companies as they sit on a massive amount of capital. Unicorn

    By VARINDIA| 14 views

  • Fintech Market brings huge opportunity For Startups | Financial Technology | VARINDIA Explained

    Fintech Market brings huge opportunity For Startups | Financial Technology | VARINDIA Explained

    Fintech Market brings huge opportunity For Startups | Financial Technology | VARINDIA Explained

    Fintech is a term used to describe the companies operating in the financial technology sector. Rising popularity for digital payments, increased investments in technology-based solutions, supportive government regulations, increased adoption of IOT devices are expected to positively influence the Global FinTech Market in the coming years. Rising innovations like mobile wallets, mobile banking, secure payment gateways, digitized money, paperless lending, etc., and adoption of e-commerce platforms across the economies, coupled with rising smartphone penetration have paved the way for increasing FinTech transactions. India has undoubtedly emerged as one of the fastest-growing FinTech hotspots in recent years. However, concerns related to data security, lack of mobile and technology expertise may hamper the FinTech market during the forecast period. Analysts say that we are still at the earliest stages of true FinTech as the future impact of cloud computing, IoT, artificial intelligence, and blockchain cannot even be estimated yet. Each year, tech companies are digging deeper into the financial services value chain and also creating new market structures in underbanked developing countries. Pure FinTech players are now sharing the market with some banks which provide new, digital-friendly banking services and integrate digital payments, microfinancing, and robo-advisor services into existing bank accounts.

    Digital banking will play a crucial role in the growth of the global fintech market in the coming years. With the global adoption rate of nearly 25%, this market brings various opportunities for fintech companies. Apart from the credit financing, there are several ways the SMEs can be benefited, like using APIs and distributed accounting technologies to achieve process efficiency. According to a report from Boston Consulting Group and FICCI, India is well-

    By VARINDIA| 19 views

  • It’s time to look for new methods to protect your data against breaches | VARINDIA News Hour

    It’s time to look for new methods to protect your data against breaches | VARINDIA News Hour

    It’s time to look for new methods to protect your data against breaches | VARINDIA News Hour

    Technology has almost revolutionised our way of living, starting from how we work, communicate, visualise and adapt to things. It has brought about a plethora of ways to make our lives easier, faster, better and at times it turns out to be risky. It has been observed that there has been a big shift towards digital banking, i.e., around 22% of Indian adults which is estimated to be about 205 million, say they have a digital only bank account-a number that is set to grow in the coming days. Undoubtedly, digital banking adoption is also enabling people to overcome the bottlenecks of simple internet banking. At the same time, AI is a game-changer for businesses since it improves productivity, lowers cost, unlocks job expansion and creates growth opportunities. Artificial Intelligence is considered beneficial for big organizations and has been approached from three diverse lenses, i.e., agility, resilience, and sustainability. However, AI Promises Benefits, But Also Poses Urgent Challenges That Cut Across Firms, Developers, Government, And Workers. The Workforce Needs To Be Reskilled To Exploit AI Rather Than Compete With It.

    AI and ML are extremely useful for Security, for instance. It allows the system to identify a pattern of use, mannerisms, data transfers, accessibility, etc. At any slight deviation, say irregular log in requests by employees or accessing of databases through unknown systems, AI tracks the disruption and alerts the authorities immediately so that the crisis can be averted. Hence, by intercepting and mitigating potential breaches or leaks, AI and ML become crucial tools for prevention from the security point of view. The global market value of the AI sector is expected to touch $ 15.7 trillion in 2030 while its impact in the Middle East could be felt to the tune of $ 320 billion with UAE leading the race. The UAE has invested heavily into cr

    By VARINDIA| 14 views

  • The BFSI landscape is transforming dramatically

    The BFSI landscape is transforming dramatically

    Banking and Financial Institutions (BFSIs) have been at the forefront of #digitaltransformation initiatives with data at the epicenter of banking innovation, in an attempt to fuel performance and improve customer experiences. Competition from a variety of segments including fintech startups, alternate credit companies, retail giants and internet behemoths, complemented by globalization are accelerating digitization at banks. India’s Banking, Financial Services and Insurance industry has been ahead of the curve in recognizing this shift and bridging the critical gaps with transitions that not only boost system resilience but also provide a general ability to innovate at scale and speed. The new financial architecture created by digital assets will have profound consequences for banks by revolutionizing how money is created, transferred, stored, and owned. This BFSI landscape is transforming dramatically. Aggressive competition from new age fintech startups, growing digital adoption amongst BFSI customers, and the post-pandemic rush to re-establish customer value proposition are driving this evolution. Digital banking surged with 68% of Indian consumers using online or mobile banking to conduct financial transactions. 48% of respondents expect to use contactless payments instead of cash or card in the post-COVID world. The new normal is forcing BFSIs to implement digitization beyond the customer-facing layer, and develop an integrated architecture encompassing all aspects of banking.

    Customers are looking for ways to transact while prioritizing their health and safety. Banks need to leverage technology, AI, machine learning, data, and human resources to innovate and digitize the delivery of products and services providing seamless, contactless experiences. Secondly, BFSIs embrace large-scale technology upgradation and digitization in an attempt to limp back to normalcy. IoT - along with 5G and the cloud - is transforming the way banks are operating post COVID

    By VARINDIA| 20 views

  • Check Point Research (CPR) issues its 2022 Cyber Security Predictions

    Check Point Research (CPR) issues its 2022 Cyber Security Predictions

    #countryoforigin #ransomware #Microsoft

    Supply chain attackers taking advantage



    With 1 out 61 organizations impacted by ransomware each week, with this stating that supply chain cyber-attacks will become more common and proliferate next year. Expect ransom demanded by hackers to break records next year. Secondly, the Mobile malware attacks will increase, as mobile wallets and mobile payment platforms are used more frequently and the Cryptocurrency is anticipated to become a focal point for cyberattacks, the Check Point cyber security predictions for 2022 says. Check Point Research believes that supply chain attacks will become more common, and governments will begin to establish regulations to address these attacks and protect networks. They will also look into collaborating with the private sectors as well as other countries to identify and target more threat groups operating on a global and regional scale. Supply chain attackers take advantage of a lack of monitoring within an organization’s environment. They can be used to perform any type of cyber-attack, such as data breaches and malware infections. Going into 2022 we will see an increase in data breaches that will be larger scale. These breaches will also have the potential to cost organizations and governments more to recover. In May 2021, the US insurance giant paid $40 million in ransom to hackers. This was a record, and we can expect ransom demanded by attackers to increase in 2022.





    The report states, as mobile wallets and mobile payment platforms are used more frequently, cybercriminals will evolve and adapt their techniques to exploit the growing reliance on mobile devices. Secondly, Cryptocurrency to become a focal point for cyberattacks globally. As reports of stolen crypto wallets triggered by free airdropped NFTs become more frequent. In 2022, we can expect to see an increase in cryptocurrency-related attacks. Going forward, attackers to le

    By VARINDIA| 52 views

  • Over lakhs of banking jobs to disappear in the next five years, says Wells Fargo

    Over lakhs of banking jobs to disappear in the next five years, says Wells Fargo

    A bank has sent a 110-page report to its clients, which details the potential impact of digitisation on Wall Street and its workers. Thousands of frontline workers in the industry are likely to find themselves with a shrinking part to play as their jobs succumb to automation over the next few years, according to a report.

    Over lakhs of banking jobs to disappear in the next five years, says Wells Fargo

    By VARINDIA| 14 views

  • Ransomware Concerns Consistent Globally

    Ransomware Concerns Consistent Globally

    #bankingjobs #WellsFargo #TSS2021

    There are 84% of organizations reported having an incident response plan, and cybersecurity insurance was a part of 57% of those plans. In regards to paying ransom if attacked, the procedure for 49% was to pay the ransom outright, and for another 25%, it depends on how expensive the ransom is. Of the one-quarter who paid ransom, most, but not all, got their data back. While concerns about ransomware were reasonably consistent across the board, there were some differences regionally. Respondents in EMEA (95%), Latin America (98%), and APJ (Asia-Pacific/Japan) (98%) were only slightly more concerned about ransomware attacks than their peers in North America (92%). All regions perceive the loss of data as the top risk associated with a ransomware attack, along with the worry that they will be unable to keep up with an increasingly sophisticated threat landscape. Phishing lures were a common attack vector everywhere, while remote desktop protocol (RDP) exploits and open vulnerable ports were top attack vectors in APJ and Latin America.



    There is a need for Integration and Intelligence. The FortiGuard report says, almost all respondents view actionable threat intelligence with integrated security solutions or a platform as critical to preventing ransomware attacks and see value in artificial intelligence-driven behavioural detection capabilities. While almost all of those surveyed felt they are moderately prepared and plan to invest in employee cyber awareness training, it is clear from the survey that organizations need to recognize the value of investing in technologies like advanced email security, segmentation, and sandboxing. The most advanced organizations will adopt a security approach for their ransomware protection strategy that is platform-based and provides core capabilities fully integrated with actionable threat intelligence. They must also be designed to interoperate as a unified system and be e

    By VARINDIA| 7 views

  • Data security and privacy are top priorities while using digital banking

    Data security and privacy are top priorities while using digital banking

    #China #Pegasus #Google

    Data Security & privacy - top priorities

    Data security and privacy are top priorities while using digital banking following the Covid-19 pandemic. In the coming days banks are expected to launch more cyber-security and privacy features. The sharp rise in the number of scams during the pandemic has contributed to this fear. The scammers and fraudsters potentially have access to some of the data which has been lost over the last few years, now they are combining this with social engineering skills. The increased sophistication and targeted attack brings consumers and Banks at risk, now banks also finds difficulty to differentiate between good and bad actors. There is urgency for banks to increase their digital transformation, and do so at pace. “On the digital transformation side we can see financial institutions moving to cloud, including industry-specific cloud, as well as adopting emerging technologies like artificial intelligence (AI) or data analytics, and overall, much cleverer solutions end to end in the context of security. Quite often that means that financial institutions will need to use trusted solutions from third parties, and do that at pace so they don't have to spend 12-24 months validating those solutions.

    The pandemic pushed more customers towards digital banking, bringing these concerns to the forefront. A survey found a 15% drop in customers visiting physical bank branches after the first lockdown ended. However, despite this, YouGov also found that only 15% of respondents had a digital-only bank account. The pandemic acted as a catalyst on both sides, on the consumer side for adopting digital services, and on the bank side, because branches were shut, they had to find more innovative ways to enhance self-service channels. Additionally, younger groups were more likely to be interested in AI being incorporated in their banking. One element of this AI service is chatbots and other text-base

    By VARINDIA| 13 views

  • The open banking platform can re-write the relationship between the bank and its customers

    The open banking platform can re-write the relationship between the bank and its customers

    Open banking is about using technology to empower better and more secure relationships between customers and service providers for the banking sector. The idea behind all these innovations remain to offer a better experience to consumers and leverage the choice of integrated systems that are widely available today. The impact of technology in making our lives better and smoother can’t be overemphasized enough. FinTech (an excellent combination of finance and technology) is one such area making the traditional banking system seem redundant with each passing day. Every new technology comes with new risks and uncertainties. However, the open banking platform has the potential to re-write the relationship between the bank and its customers.



    A recent report says, The Reserve Bank of India has announced a new set of guidelines for the digital banking and payments ecosystem, which requires regulated entities (REs)—scheduled commercial banks, small finance banks, payments banks and credit-card-issuing NBFCs—to conduct periodic assessment of apps and associated third-party services. REs will also be required to assess cyber-risk parameters like technology stack, operational risk, and data storage. REs will also have to employ trained, in-house resources for managing cyber-risk, and adhering to guidelines on engaging third-party operators, in case of out-sourcing. From conducting source-code checks, vulnerability testing, and penetration testing every six months for payment systems, RE’s will also be required to conduct rigorous third party periodic testing, and also be subject to penal provisions in case of no compliance.

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    By VARINDIA| 21 views

  • Capitalising agility to win the digital banking competition

    Capitalising agility to win the digital banking competition

    Capitalising agility to win the digital banking competition

    Capitalising agility to win the digital banking competition

    By VARINDIA| 17 views

  • क्या है Digital Banking Units? इससे क्या फायदा होगा || what are digital banking units || DBU

    क्या है Digital Banking Units? इससे क्या फायदा होगा || what are digital banking units || DBU

    क्या है Digital Banking Units? इससे क्या फायदा होगा || what are digital banking units || DBU

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    क्या है Digital Banking Units? इससे क्या फायदा होगा || what are digital banking units || DBU

    By PunjabKesari TV| 96 views

  • Bank Strike: बैंक बेचने के फैसले के खिलाफ सड़क पर उतरे कर्मचारी | सरकार के प्राइवेटाइजेशन का विरोध

    Bank Strike: बैंक बेचने के फैसले के खिलाफ सड़क पर उतरे कर्मचारी | सरकार के प्राइवेटाइजेशन का विरोध

    खंडवा : बैंकों के निजीकरण के प्रयासों के विरोध में यूनाइटेड फोरम ऑफ बैंक यूनियंस की दो दिवसीय राष्ट्रव्यापी बैंक हड़ताल के पहले दिन आज गुरुवार को हड़ताली बैंक कर्मचारी एवं अधिकारी सुबह पंजाब नैशनल बैंक के नगर निगम स्थित के सामने एकत्रित होकर प्रदर्शन एवं सभा का आयोजन किया। इस आयोजन मे सभी बैंक संगठन शामिल हुए। Bank Strike Today: SBI, PNB, Bank of Baroda, Other Bank Services

    बैंकों के निजीकरण को लेकर देशभर में सभी बैंक दो दिवसीय हड़ताल पर हैं। ऐसे में खंडवा में भी बैंक कर्मियों ने बैंकों में हड़ताल कर प्रदर्शन किया। बैंक कर्मियों का कहना है कि जिस तरह से सरकार बैंकों का विलय कर रही है या निजी करण का ही एक रास्ता है। निजी करण से ना सिर्फ बैंक कर्मियों को बल्कि आम जनता को भी बहुत अधिक नुकसान हो जाएगा। जो सुविधाएं बैंक निशुल्क देता था उसके भी पैसे लगने लगेंगे।

    बैंक कंपलेक्स यूनियन के संतोष शर्मा ने कहा कि 1979 के बाद जब बैंकों का राष्ट्रीयकरण कर दिया गया, तभी से या मांग की जा रही है कि बैंकों का निजीकरण किया जाए। लेकिन अब यह मांग बहुत ज्यादा तूल पकड़ चुकी है।
    #bankstrike #digitalbanking #kahndwa

    Bank Strike: बैंक बेचने के फैसले के खिलाफ सड़क पर उतरे कर्मचारी | सरकार के प्राइवेटाइजेशन का विरोध

    By Tez News| 201 views

  • LG Manoj Sinha Inaugurates Digital Banking, Agricultural Training Programs | Catch News

    LG Manoj Sinha Inaugurates Digital Banking, Agricultural Training Programs | Catch News

    LG Manoj Sinha Inaugurates Digital Banking, Agricultural Training Programs | Catch News


    In order to promote sustainable agriculture and door-to-door banking services for J&K rural women, Lieutenant Governor Manoj Sinha on Sept 14 inaugurated three training programs- ‘Digipay Sakhis’, ‘Krishi Sakhis’ and ‘Pashu Sakhis’.


    #JammuandKashmir #ManojSinha #catchnews #CatchNewsToday
    #DigitalBanking #AgriculturalTraining

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    LG Manoj Sinha Inaugurates Digital Banking, Agricultural Training Programs | Catch News

    By Catch News| 74 views

  • How to register for SBI net banking online

    How to register for SBI net banking online

    Earlier to avail the Net banking facility, one was required to visit the branch to activate it. Now, if you do not have the time to visit the branch, you can simply register for the Net banking facility from home, completely online. Here is how you can do it.

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