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NEOBANKING SECTOR CHALLENGES
Neobank Fi Money’s cofounder Sumit Gwalani steps down after six yearsFi Money cofounder Sumit Gwalani has exited the startup. This follows the shutdown of Fi Money's banking service in March. The company is s...- India's fintech boom exposes sector to rising cyber threats: PwC-UFF reportGlobal fintech fundings are going down, reducing cybersecurity budgets at a time when attacks are increasing. A global shortage of skilled ...
- From trading floors to retail loans, traditional banks lose ground to tech-savvy challengers: BCGTraditional banks are losing ground to fintechs and digital-native competitors due to their slow adoption of technology and outdated operat...
- India to have 150 fintech unicorns with combined $500 billion valuation by 2030: reportThe report, titled ‘Indian Fintech Journey from Evolution to Mega Public Listings’, released on Tuesday, forecast that the combined revenue...
- Banks up tech hiring with RBI pushing for enhanced risk managementIn response to the RBI's increasing focus on financial sector stability, banks are bulking up their technology capabilities by expanding th...
- Neobank Revolut India gets in-principle nod for PPI license from RBIRevolut India, backed by Tiger Global and Softbank, received RBI approval for Prepaid Payment Instruments, strengthening its position in th...
- Companies implementing ‘skills first’ approach see better retention and revenue growth: SurveyThe early adopters have been leveraging skill assessments, skills taxonomy and skills inventory to help employees. These companies have red...
- Stock broking startups Groww, Upstox eye lending, payments to expand revenue baseTwo major challenger brands in the broking ecosystem, Groww and Upstox, are doubling down on their credit business, according to people in ...
- APAC to overtake US, become world’s top fintech market by 2030: ReportThe report expects fintech revenue growth in India to be spurred by expanding GDP (at a CAGR of 7% per year), the rise of the educated midd...
- Fintechs struggle to come together for self-regulation; epharmacies, govt officials hold talks over new rulesIndia's new-age financial services industry has faced constant regulatory scrutiny in recent years disrupting businesses across the board. ...
- 2022 Year in Review | A tumultuous 2023 awaits fintech startupsWith the regulatory overhang on fintechs continuing, and the Reserve Bank of India (RBI) taking steps to regulate various aspects of the se...
- ET Startup Awards 2022: Nominees for Startup of the YearThe ET Startup of the Year will be characterised by breakthrough innovation, top-class execution and fast-paced growth. The quality of the ...
- Regulatory framework needed for promoting digital banks: NITI Aayog reportIndia's public digital infrastructure, especially Unified Payments Interface (UPI) has successfully demonstrated how to challenge establish...
- Indian startups raised $36B in 2021; Reliance's epharma pushNew-age companies went public for the first time, nearly 40 unicorns were minted, and by the end, startups had raised a whopping $36 billio...
- QED, Sequoia and Tiger circle Jupiter; Carlyle, others to dilute stakes in Delhivery IPOIndia's neobanks, like all other tech startups, have been on a roll in 2021.
- Focus on chemicals, IT and real estate now: Abhishek Basumallick“Chemicals are a good place to look at. It has been a structural story for at least half a decade or little bit more than that. Although a ...
- It just got worse for Twitter in IndiaIn today's ETtech Morning Dispatch: Twitter may have lost its social media intermediary status in India; RBI weighs a light-touch regulator...
- The biggest tech trends to watch out for in 2021, from Fintech to E-CommerceETtech reporters looked at the technological trends that drove our lives in a year which was crippled by the Covid-19 crisis and what we ca...
- Cashfree secures $35 million in Series B funding led by Apis and Y CombinatorThe capital would be used predominantly for enhancing the product and technology as the company looks to scale its business.
- Covid-19 impact: Neobanks like Jupiter, RazorpayX, Niyo, Open rework plansAs funding falls amidst a crisis in the credit business, startups see consolidation in the space.
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