FinTechs

Welcome to TechCrunch Fintech (formerly The Interchange)! In this edition, I’m going to look at some hits and misses in the real estate fintech space, Carta’s missteps (again), and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:30 a.m. PT, subscribe here. The big story Equity management platform Carta was in the news . . . again. And not for good reasons. Again. A prominent customer accused Carta of misusing sensitive…

Experts have raised concerns about the consent architecture and exemptions provided to certain intermediaries on the processing of children’s data in the Digital Personal Data Protection (DPDP) Act. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Gruhas, Collective Artists Network’s new fund■ IT firms eye greater AI push this year■ CoinDCX lures customers with bonus offerFurore over data act leeway to some companies on use of kid’s data Security experts have raised concerns about the definition…

Hi, this is Pratik Bhakta in Bengaluru with our first edition of Unwrapped for 2024.Firstly, Happy New Year! As we wrap up the year-end festivities, I analyse the creeping land grab by fintech startups in the larger financial service industry.On Wednesday, ET wrote about how fintechs were adding more than 42% of the new investors in mutual funds every month. And this is not unique. Be it wealth management, payments or credit, fintechs are playing an important role in expanding the market and driving adoption…

Fintech startups Groww, AngelOne and PhonePe are emerging as top distributors of mutual fund products, adding lakhs of new systematic investment plans (SIPs) every month. They drew in nearly half the new SIPs opened in November 2023, according to data from asset management companies shared exclusively with ET.The Association of Mutual Funds of India (AMFI) noted that over 3 million new SIPs were created in November 2023, of which around 1.3 million were opened on fintech platforms, according to industry estimates. Groww…

Fintech startups like Groww and AngelOne have emerged as the new go-to destination for mutual fund investors. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Binny Bansal’s ecommerce startup OppDoor■ Catamaran on startup valuations in 2024■ Pay aggregator licence for Tata Pay, DigiOFintechs add 1.3 million new mutual fund SIPs in November Fintechs have emerged as the top distributors of mutual funds, mirroring the success of the likes of Zerodha in the online stock-broking space.Driving the…

Recently, the finance and banking sectors have been exploring the benefits of artificial intelligence to improve their services, however, the same technology is hovering over them like a dark cloud. The threat of deepfakes is not only limited to cloning people's faces and creating fake photos and videos, but now it is being used to steal people's identity. With the help of deepfakes, tricksters are cloning people's voices to manipulate their friends and family members into emptying their bank accounts or revealing…

As 2023 comes to a close, we’re here to look back at the biggest fintech stories of the year. Silicon Valley Bank’s implosion felt like a fintech story in that a number of startups (Brex, Arc and Mercury, for example) in the space leapt to fill the hole left by its collapse. But it truly was a story that affected all industries — and founders and investors alike. And one that continues to play out. Apple launches savings accounts for Apple Card customers Ironically, one of 2023’s biggest stories involved a tech giant…

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up!  What a year This is the last edition of The Interchange for 2023 — it’s hard to believe that the year is almost over. It was an eventful 12 months, even if funding was down. We saw a bunch of M&A activity (read about it here, here, here and here), BNPL made a comeback (sort of), new fintech-focused venture firm…

Financial services company PB Fintech on Friday said Income Tax (IT) officials had visited the offices of its credit marketplace subsidiary Paisabazaar earlier this week. The officials had enquired about ‘certain vendors’ of Paisabazaar, the company said, without giving details.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Senior Management ProgrammeVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIndian School of…

As the domestic regulatory environment gets heated, Cred cofounder Kunal Shah said that India continues to have a regulator which is innovating much faster than the fintech companies in the market. Shah was speaking at The Economic Times CEO Roundtable in Mumbai, as part of a panel that included top industry leaders such as Tata Sons chairman N Chandrasekaran, Kotak Mahindra Bank founder Uday Kotak, Arundhati Bhattacharya, CEO, Salesforce India, Prabha Narasimhan, CEO of Colgate-Palmolive India, Rishad Premji, chairman of…