Foreign groups are looking to acquire Indian fintech sector
Hopes are e-Rupi to boost India’s fintech sector
#eRupi #digitalpayment #digitaleconomy
With the newly launched e-Rupi #digitalpayments platform, India has now taken its first step towards having its own digital currency. India’s consumer #digitaleconomy, which was pegged at $85-90 billion in calendar year 2020, is expected to become a $800 billion market by 2030. Today, over 90 per cent of the orders fulfilled by online commerce get done by the new age logistics, an industry which has come up only in the last one decade and has solved the challenges through technology and customer centric mindset. Digital payments are becoming quite ubiquitous in India. The government has now come up with a plan for leveraging the digital infrastructure so that there is ‘leak-proof delivery’ of its welfare schemes. Now e-Rupi can be comparable to a prepaid voucher that is redeemable at specific centres. What is even more special about it, is that one does not need any credit or debit card, mobile app or internet banking to use it.
Developed by #NPCI in collaboration with the Department of Financial Services, Ministry of Health and Welfare and National Health Authority, e-Rupi seeks to connect beneficiaries and service providers digitally, making it a personal purpose-specific payments platform. The Indian economy has always been largely cash-dependent, while the government has been making efforts to digitise the economy, still much remains to be done. With this new platform, the government hopes to encourage as well as accelerate the adoption of digital payments and bring down the cash to GDP ratio. With more and more people overcoming their wariness about digital transactions, fintech, in turn, will be able to reach out to more consumers who had earlier been left out by the formal economy and financial services sector, especially in rural India. Going forward, the biggest advantages which we can foresee of e-Rupi is the penetration of digital transactions, which of course has been a fintech focus as well.દ્વારા VARINDIA| 14 અભિપ્રાયો
Oracle HCM Groups | HCM Groups | How to Create Pay Group in Oracle Fusion
Oracle HCM Groups | HCM Groups | How to Create Pay Group in Oracle Fusion
???? BISP Solutions Inc. was founded in 2012 as an IT consulting and service provider, specializing in Oracle EPM, NetSuite, Fusion, SAP, and BI technologies.
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Oracle HCM Groups | HCM Groups | How to Create Pay Group in Oracle Fusionદ્વારા Amit Sharma| 60 અભિપ્રાયો
Foreign Beauties Who Appeared In Indian Movies | Foreign Heroines in Tollywood | Top Telugu TV
Foreign Beauties Who Appeared In Indian. Foreign Heroines in Tollywood. Movieswell known across the world for its charm,glamor and Stardom, which attracts many of the foreign actress to Indian Cinem Industry. Some of them are making her foot via the item songs
દ્વારા Top Telugu TV| 2146 અભિપ્રાયો
Indian scientists, engineers acquire 100 patents for 6G technology #shortsvideo
Indian scientists, engineers acquire 100 patents for 6G technology #shortsvideoદ્વારા VARINDIA| 12 અભિપ્રાયો
FICCI Fintech Expo 2021 and Conference ‘Showcasing Indian Fintechs to the World’
FICCI Fintech Expo 2021 and Conference ‘Showcasing Indian Fintechs to the World’દ્વારા FICCI India| 194 અભિપ્રાયો
Inauguration of Fintech Festival 2023 by Indian Banking Association President
Inauguration of Fintech Festival 2023 by Indian Banking Association Presidentદ્વારા Samay National| 62 અભિપ્રાયો
Indian fintech industry has grown rapidly during the pandemic
#fintechindustry #pandemic #DigitalBanking
Businesses around the world are grappling with challenging times and with the emergence of banking technologies, it has changed the face of the fintech industry. Fintech is now part of the BFSI sector and is changing rapidly, with the evolution of innovative, new-age technologies like Artificial Intelligence (AI), Machine Learning (ML), and more, digital banking is climbing to new heights. Banks are now joining forces with fintech startups to upgrade their existing systems and enable smoother operations to deliver a better experience for consumers. Banks have not only partnered with fintechs but have also been busy in modernising the lending infrastructure and the value chain which includes biometric KYC, pre-approved home loans to support digital banking.
Technological advancements seen globally are playing out in India as well. The pre-defined APIs allow banks and financial entities to club in their frequently used microservices to accelerate their business. With easy integrations and data sharing, APIs can help banks save several weeks. The demand for personal loans has only grown over the years, especially among the low-income families and borrowers, who mainly avail of these loans for consumption purposes. All fintechs popping up these days target young and low-income people who are digitally savvy and seek short-term credit solutions for pursuing various aspirations. Now fintechs are adopting a completely remote and form-less onboarding process, which is based on video, voice and images with video based KYC, fuelled by consumer demand resulting in a digital lending boom in India.
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Fintech have tailored to meet the demand of SMBs | Indian News | Business And Economy | Tech News
Fintech have tailored to meet the demand of SMBs | Indian News | Business And Economy | Tech News
#FinTech #Covid19 #SMB
Fin-Tech is key enabler for SMB
As the nation recovers from the impact of the COVID-19 pandemic ,Fintech are reinventing to introduce digitally-driven business models, with this SMBs can leverage them to stay ahead of the curve. A report states, 30 percent of all small business owners reported that they’ve had to dip into their personal financial resources to support their businesses since the pandemic began. Eighteen percent of them have had to cut their full-time staff, and 15 percent have lowered their workers’ salaries. The most recent evidence of the damage caused by the pandemic. Historically, access to credit for SMBs has been limited, as entrepreneurs try to build up a credit record to access available capital. With the emergence of the FinTech era is helping to break that cycle, enabling innovation in financial services to help SMBs flourish.
The new age fintech companies well understands the changing customer preferences. The digital evolution of the connected world will be critical in commercials payments and beyond. Looking at how quickly the entire world changed during the last 12 months – with new business models, new shopping methods and new payments plays exploding on the scene – there has been an unprecedented need for agility for corporate players looking to thrive in a constantly changing market. It will be a challenging time for businesses of all sizes, but the necessary change will ultimately create a stronger playing field. “I think that in order for the economy to accelerate at this pace, it needs to break out of some of the traditional ways of thinking about commercial payments. Going forward, Embedded finance is the next wave of lending that is likely to drive expeditious adoption and democratization of fintech in India and other growing economies.
Today's Headline in Newદ્વારા VARINDIA| 10 અભિપ્રાયો
मंदी की वजह से Auto Sector में लाखों हुए बेरोजगार || The Crisis in India's Auto Sector
Federation of automobile dealers association यानी FADA का कहना है कि auto sector में 2 से 3 लाख लोगों की नौकरी गई .अगर इसी तरह मंदी एक तिमाही और रही और दिवाली के आस-पास मांग नहीं बढ़ी तो अनुमान है कि ऑटो सेक्टर से 10 लाख लोगों को नौकरी और काम गंवानी पड़ सकती है .
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Indian Fintech brings “technologically enabled financial innovation that could result in new business models, applications, processes or products with an associated material effect on financial markets and institutions and the provision of newer financial services. With more than 2,000 fintech companies in India investments in fintech start-ups have risen dramatically in recent years. We have witnessed the quantum of investment, attracting a record $24.2bn of investment this year already. Ease of capital helped fintechs to drive innovation as well as their business model. India has historically been a cash-based society, consumers are increasingly adopting digital wallets, creating an opening for the company. The Boston Consulting Group in its recent report stated that there will be a $ 100 billion value creation opportunity and that India is strongly poised to realise a fintech sector valuation of $150-160 billion by 2025.
The Key Drivers for fintech start-ups in India includes:
# Availability of capital and vibrant investment ecosystem.
# Favourable demographic in India ( more than 65% below the age of 35 years) having appetite for innovative technology
# Low penetration of financial services for a majority of population (unbanked, rural regions, as well as small and medium-sized enterprises( SMEs)
# Government initiatives and regulatory forbearance to fintech
# Increased mobile and internet access
# Large percent of the population are millennials and they want a new kind of banking product
# Reduced infrastructure and transaction cost through usage of cloud-based services and IndiaStack and finally advancement in technology.
Today's Headline in NewsHours
0:00 Intro
3:08 #CERT-In is to assess vulnerabilities impacting all products designed, developed and manufactured in India
3:42 #Lava acquires B Mobile to enter Latin American market
4:14 #Reliance announces opening of wor
#amazon#Tata#whatsapp#adani#Reliance#Bajaj#RelianceIndustries#SBI#MakeinIndia#ecommerce#Flipkart#startups#paytm#IPO#Lava#Varindia#CERTin#varindianewshour#NewFinancialServices#IndianFintech#WeChatyet#CommonVulnerabilitiesandExposures#CVENumberingAuthority#BMobile#JioWorldDrive#AmazonsFounderJeffBezos#BharatChhodoMorcha
કેટેગરી:
ટેકનોલોજી
Hopes are e-Rupi to boost India’s fintech sector
#eRupi #digitalpayment #digitaleconomy
With the newly launched e-Rupi #digitalpayments platform, India has now taken its first step towards having its own digital currency. India’s consumer #digitaleconomy, which was pegged at $85-90 billion in calendar year 2020, is expected to become a $800 billion market by 2030. Today, over 90 per cent of the orders fulfilled by online commerce get done by the new age logistics, an industry which has come up only in the last one decade and has solved the challenges through technology and customer centric mindset. Digital payments are becoming quite ubiquitous in India. The government has now come up with a plan for leveraging the digital infrastructure so that there is ‘leak-proof delivery’ of its welfare schemes. Now e-Rupi can be comparable to a prepaid voucher that is redeemable at specific centres. What is even more special about it, is that one does not need any credit or debit card, mobile app or internet banking to use it.
Developed by #NPCI in collaboration with the Department of Financial Services, Ministry of Health and Welfare and National Health Authority, e-Rupi seeks to connect beneficiaries and service providers digitally, making it a personal purpose-specific payments platform. The Indian economy has always been largely cash-dependent, while the government has been making efforts to digitise the economy, still much remains to be done. With this new platform, the government hopes to encourage as well as accelerate the adoption of digital payments and bring down the cash to GDP ratio. With more and more people overcoming their wariness about digital transactions, fintech, in turn, will be able to reach out to more consumers who had earlier been left out by the formal economy and financial services sector, especially in rural India. Going forward, the biggest advantages which we can foresee of e-Rupi is the penetration of digital transactions, which of course has been a fintech focus as well.દ્વારા VARINDIA| 14 અભિપ્રાયો
Oracle HCM Groups | HCM Groups | How to Create Pay Group in Oracle Fusion
Oracle HCM Groups | HCM Groups | How to Create Pay Group in Oracle Fusion
???? BISP Solutions Inc. was founded in 2012 as an IT consulting and service provider, specializing in Oracle EPM, NetSuite, Fusion, SAP, and BI technologies.
Immediately Available consultants on Multiple technologies
BISP Solutions Inc. List of our consultants available for C2C requirements:
For more details click on the link: https://lnkd.in/d6rRfhkR
For Consulting: https://www.bispsolutions.com/oracle-fusion-consulting-services/
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-------------------------------------| Thanks |--------------------------
#OracleHCMTimeandLabor #OracleTimeandLabor #oracletimeandlaborprocessflow
Oracle HCM Groups | HCM Groups | How to Create Pay Group in Oracle Fusionદ્વારા Amit Sharma| 60 અભિપ્રાયો
Foreign Beauties Who Appeared In Indian Movies | Foreign Heroines in Tollywood | Top Telugu TV
Foreign Beauties Who Appeared In Indian. Foreign Heroines in Tollywood. Movieswell known across the world for its charm,glamor and Stardom, which attracts many of the foreign actress to Indian Cinem Industry. Some of them are making her foot via the item songs
દ્વારા Top Telugu TV| 2146 અભિપ્રાયો
Indian scientists, engineers acquire 100 patents for 6G technology #shortsvideo
Indian scientists, engineers acquire 100 patents for 6G technology #shortsvideoદ્વારા VARINDIA| 12 અભિપ્રાયો
FICCI Fintech Expo 2021 and Conference ‘Showcasing Indian Fintechs to the World’
FICCI Fintech Expo 2021 and Conference ‘Showcasing Indian Fintechs to the World’દ્વારા FICCI India| 194 અભિપ્રાયો
Inauguration of Fintech Festival 2023 by Indian Banking Association President
Inauguration of Fintech Festival 2023 by Indian Banking Association Presidentદ્વારા Samay National| 62 અભિપ્રાયો
Indian fintech industry has grown rapidly during the pandemic
#fintechindustry #pandemic #DigitalBanking
Businesses around the world are grappling with challenging times and with the emergence of banking technologies, it has changed the face of the fintech industry. Fintech is now part of the BFSI sector and is changing rapidly, with the evolution of innovative, new-age technologies like Artificial Intelligence (AI), Machine Learning (ML), and more, digital banking is climbing to new heights. Banks are now joining forces with fintech startups to upgrade their existing systems and enable smoother operations to deliver a better experience for consumers. Banks have not only partnered with fintechs but have also been busy in modernising the lending infrastructure and the value chain which includes biometric KYC, pre-approved home loans to support digital banking.
Technological advancements seen globally are playing out in India as well. The pre-defined APIs allow banks and financial entities to club in their frequently used microservices to accelerate their business. With easy integrations and data sharing, APIs can help banks save several weeks. The demand for personal loans has only grown over the years, especially among the low-income families and borrowers, who mainly avail of these loans for consumption purposes. All fintechs popping up these days target young and low-income people who are digitally savvy and seek short-term credit solutions for pursuing various aspirations. Now fintechs are adopting a completely remote and form-less onboarding process, which is based on video, voice and images with video based KYC, fuelled by consumer demand resulting in a digital lending boom in India.
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Fintech have tailored to meet the demand of SMBs | Indian News | Business And Economy | Tech News
Fintech have tailored to meet the demand of SMBs | Indian News | Business And Economy | Tech News
#FinTech #Covid19 #SMB
Fin-Tech is key enabler for SMB
As the nation recovers from the impact of the COVID-19 pandemic ,Fintech are reinventing to introduce digitally-driven business models, with this SMBs can leverage them to stay ahead of the curve. A report states, 30 percent of all small business owners reported that they’ve had to dip into their personal financial resources to support their businesses since the pandemic began. Eighteen percent of them have had to cut their full-time staff, and 15 percent have lowered their workers’ salaries. The most recent evidence of the damage caused by the pandemic. Historically, access to credit for SMBs has been limited, as entrepreneurs try to build up a credit record to access available capital. With the emergence of the FinTech era is helping to break that cycle, enabling innovation in financial services to help SMBs flourish.
The new age fintech companies well understands the changing customer preferences. The digital evolution of the connected world will be critical in commercials payments and beyond. Looking at how quickly the entire world changed during the last 12 months – with new business models, new shopping methods and new payments plays exploding on the scene – there has been an unprecedented need for agility for corporate players looking to thrive in a constantly changing market. It will be a challenging time for businesses of all sizes, but the necessary change will ultimately create a stronger playing field. “I think that in order for the economy to accelerate at this pace, it needs to break out of some of the traditional ways of thinking about commercial payments. Going forward, Embedded finance is the next wave of lending that is likely to drive expeditious adoption and democratization of fintech in India and other growing economies.
Today's Headline in Newદ્વારા VARINDIA| 10 અભિપ્રાયો
मंदी की वजह से Auto Sector में लाखों हुए बेरोजगार || The Crisis in India's Auto Sector
Federation of automobile dealers association यानी FADA का कहना है कि auto sector में 2 से 3 लाख लोगों की नौकरी गई .अगर इसी तरह मंदी एक तिमाही और रही और दिवाली के आस-पास मांग नहीं बढ़ी तो अनुमान है कि ऑटो सेक्टर से 10 लाख लोगों को नौकरी और काम गंवानी पड़ सकती है .
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VARINDIA
AI is used Towards Client AI Processing
#Artificialintelligence is increasingly being used for client AI processing. This means that AI models are being trained and deployed on client devices, such as smartphones, laptops, and IoT devices. This has a number of advantages, including, Reduced latency, Improved privacy and Reduced bandwidth usage.
Traditionally, AI processing has been conducted by massive clusters of servers in the cloud or data centers. This is because AI models can be very large and complex, and they require a lot of computing power to train and run.
AI is used Towards Client AI Processingદ્વારા VARINDIA| 257 અભિપ્રાયો
Can Google’s tools combat online misinformation
#Google's efforts to combat misinformation are important because misinformation can have a negative impact on society. It can undermine trust in institutions, lead to violence, and harm democracy. By developing new tools and initiatives, Google is helping to make the internet a safer and more informed place for everyone.
Google has recently unveiled three new tools to combat online misinformation:
· About this Image: This feature, which was initially unveiled earlier in 2023 and is now available globally to English-speaking users through Google Search, provides information about images, including their history, descriptions by users, metadata, and clear indications if an image is generated by AI. Google's AI-generated images are also clearly labelled.
· Fact Check Explorer: This tool allows journalists to verify images by tapping into information from independent organizations.
· AI-generated source descriptions within the Search Generative Experience: This feature provides original sources and insights from reputable publications, which are accessible through the "More About This Page" section in search results.
Can Google’s tools combat online misinformationદ્વારા VARINDIA| 172 અભિપ્રાયો
Increasing online Frauds
Recent developments in the technology landscape, including the acceleration of automation, artificial intelligence, and the digitization of industries, are transforming the nature of work. These challenges have immediate and far-reaching implications for India's economy, society, and future prospects.
The Tech Tsunami, characterized by rapid technological advancements, has the potential to drive unprecedented growth and innovation. However, if not harnessed effectively, it could lead to job shrinkage, job displacement and job reduction further leading to increased economic inequality.
Today's Headline in NewsHours
0:00 Intro
3:07 Online gaming firms sent tax notices worth INR 1 lakh cr
3:36 Government plans to introduce regulatory sandbox for OTT apps
4:05 #Microsoft pulling the plug on its metaverse project
4:33 #HMD Global to manufacture own brand of smartphones in India in 2024
5:00 #TechMahindra’s CEO designate Mohit Joshi announces restructuring
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Increasing online Fraudsદ્વારા VARINDIA| 181 અભિપ્રાયો
Govt./PSU
Launch of Gujarat Election Campaign in Ahmedabad
Launch of Gujarat Election Campaign in Ahmedabad.
#CongressNuKaamBoleChe
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Education ???? पर Arvind Kejriwal की जबरदस्त Speech ???? | Latest Motivational Speech | Aam Aadmi Party
Education ???? पर Arvind Kejriwal की जबरदस्त Speech ???? | Latest Motivational Speech | Aam Aadmi Party
#arvindkejriwal #education #aamaadmiparty
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Robotic Process Automation is transforming businesses across the world
Robotic Process Automation enables users to create software robots, or #Bots, that can observe, mimic & execute repetitive, time consuming #Digital #business processes by studying human actions.
Watch the video to know how RPA is transforming #businesses.
#ArtificialIntelligence
Robotic Process Automation is transforming businesses across the worldદ્વારા CII| 207604 અભિપ્રાયો
Technical Session V, Q&A
Global Summit 2020 "Mission 5 Trillion – CMA as a Cryogenic Force"
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IRCTC 11
CRPF signed an MoU with the IRCTC on Railway Reserved e-ticketing system
Watch IRCTC 11 With HD Qualityદ્વારા CRPF India| 1123452 અભિપ્રાયો
GAIL bringing INDIA together
GAIL India increasing it's capacity and serving all over INDIA.
Watch GAIL bringing INDIA together With HD Qualityદ્વારા GAIL Social| 727277 અભિપ્રાયો
ટ્રેડિંગ અત્યારે
Daily Mirror
आज आएगा UP का Budget, Budget पेश करने से पहले होगी Yogi Cabinet की Meeting | UP Budget 2024-25
#UPBudget2024 #YogiAdityanath #SureshKumarKhanna
आज आएगा UP का Budget, Budget पेश करने से पहले होगी Yogi Cabinet की Meeting | UP Budget 2024-25
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