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fintech industry

KYC compliance: On KYC compliance front, payment aggregators may be second to some

Some Indian payment firms and aggregators appear to be stragglers in comparison with banks on meeting know-your-customer (KYC) norms. Compliance faultlines remain even as the broader fintech industry is in the spotlight after the central bank ban on Paytm Payments Bank.Large payment companies are approaching KYC more as a security checklist — perhaps for cost considerations — than a monitorable mandate by the Reserve Bank of India (RBI), multiple industry insiders told ET. “RBI does not distinguish between banks and…

Tina Gada Explains the Distinct Roles of UX and UI Design in Enhancing Digital Experiences

Tina Gada, a seasoned Senior UX/UI Designer based in Dallas, sheds light on these distinct yet interconnected fields, emphasizing their significance in creating effective digital products.In the rapidly evolving world of digital design, understanding the nuanced differences between User Experience (UX) and User Interface (UI) design is crucial. Tina Gada, a seasoned Senior UX/UI Designer based in Dallas, sheds light on these distinct yet interconnected fields, emphasizing their significance in creating effective digital…

TReDS logs quick growth: RBI-backed TReDS logs quick growth after slow takeoff

Reserve Bank of India-backed invoice discounting platform TReDS (Trade Receivables electronic Discounting System) has reported a jump in invoices financed by lenders in 2023.The electronic platform facilitates easy access to credit for small businesses that are vendors to large corporations.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitMITMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Professional…

fintech industry: 2024: How the fintech industry will learn to live a regulated life

Some five or six years ago, when fintechs burst into the financial services industry, they were seen as the disruptors. But 2023 brought most of them into the regulatory fold—whether they were payment gateways, cross-border players or digital lending startups, the Reserve Bank of India (RBI) framed rules for all.Now, as the fintechs enter 2024, they will prepare for life within the regulatory ambit.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern UniversityKellogg Post…