Yes Bank launches India’s biggest API sandbox
Private lender says ‘yes’ to fintech developer collaboration.
India
Video: Top fintech stories this week – 08 November 2019
FinTech Future’s weekly news round-up.
India’s Reserve Bank welcomes retail paytechs to new regulatory sandbox
The bank hopes to “spur innovation in [the] digital payments space”.
Appway: Firms must seize “opportunity of disloyalty”
Wealth management is a traditionally “sticky” industry.
India’s Yes Bank gets $1.2bn takeover offer from unnamed tech investor
Stocks soared as high as 39% following the announcement.
Instabase raises $105m sent to unicorn status
The bank app has raised $132 million since it began in 2015.
India’s fintech Paytm in talks with T Rowe Price for $1 billion funding round
Existing investors SoftBank and Ant Financial are also expected to participate.
The challenges for banks and fintechs when building a partnership
Chris Ward, author at Mapa research, dissects the changing definition of ‘partnerships’ in fintech.
Challenger banks in India: who’s who and what’s their tech
A comprehensive list of Indian challenger banks and banking services, and the tech they are using.
United Bank of India launches voice banking
FSS offers the solution in partnership with Amazon.
Indian neobank Yelo raises seed round
The start-up is personalised to gig economy workers.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Yes Bank uses Microsoft’s AI platform for chatbot
The AI chatbot is well-versed in the banking world.
Namaste Credit becomes neobank
The new bank will be launching its ‘Namaste Biz’ app soon.
Tech Mahindra and Adjoint collaborate on blockchain finserv and insurance solution
This will be the firms first treasury and insurance blockchain solution offering.
Indian digital payment firm BharatPe raises $50m
The company is now valued at $225 million.
New core banking software deals for Oracle FSS
The latest financial quarter brought licence deals worth $29 million.
Wild West to crypto best: How compliance separates cowboys from champions
Major players will be forced into closer collaboration with regulators.
Tala raises $110m for expansion plans
PayPal Ventures also participated in the round.
WhatsApp talks to Indonesian fintechs for mobile payments launch
WhatsApp is waiting for regulatory approval in India for a similar service.
Fintech start-ups showcased at Y Combinator Demo Day
Concepts ranged from crypto fraud tracing to student finance.
India takes over China for number of fintech deals in Q2
Fintech deals in China fell 81% in Q2.
Indian start-up Scripbox acquires competitor Upwardly
The platforms chose collaboration over competition.
PayPal helps entrepreneurs with MetLife and Village Capital
The alliance will reach out to more than 100 fintech health entrepreneurs.
Federal Bank launches instant online demat account
It is the first bank in India to offer the service.
Big banks are driving fintech to the mainstream
And it’s happening faster than you think!
Top fintech stories this week – 26 July 2019
Catch up on FinTech Futures’ top five stories this week!
WhatsApp Pay coming to India later this year
It will need to comply with all of the regulations ahead of its launch.
Digital US equities investment product launches in India
DriveWealth has partnered with Vested Finance.
First JCB card issued in India with NPCI partnership
The new card is designed to serve outbound Indian travellers.
PayMate raises series D to accelerate growth
The Indian B2B paytech raises money for domestic and international growth.
Aditya Birla Group closes its banking business
The decision comes after only two years of its live operations.
Floatbot creates chatbot for Andhra Bank
The start-up hopes to set an AI trend for Indian banks.
How banks can take a new look at SMEs
Brand new, designed from the ground up platforms will enable the creation of trust by unlocking the door to data.
RBI to build blockchain-based banking platform
The technology would be for banking officials’ use only.
ICICI and IndoStar partner to finance commercial vehicles
The arrangement will target underserved small and medium fleet owners.
Postman delivers $50m funding round
The funds will drive the API collaboration platform’s product development and customer support.
New Indian challenger Payzello launches
The fintech doesn’t have a banking licence – yet.
Amazon Pay launches Android P2P payments in India
Users can pay Amazon delivery associates from their bank accounts via UPI QR codes.
Indian lendtech ZestMoney raises $20m
The firm is already looking to expand in Singapore.
