This startup is changing the cybersecurity game CloudSEK, a Bengaluru-based digital risk management company, has exposed how millions of users are at the risk of being victims of online frauds.
Apr 27, 2021
In January 2021, in the midst of an intense virtual discussion among the members of a Reserve Bank of India (RBI) working group, Rahul Sasi, a cybersecurity specialist from Bengaluru, was suddenly struck with a golden idea. The 32-year-old Sasi, one of the members of the RBI working group that was studying various aspects of digital lending activities in the country, had no answer when a senior central banker raised a pertinent question: how safe are the online consumers using hundreds of mobile-based apps, especially by online retailers, in the absence of a regulator, in the country?
Wolters Kluwer Lien Solutions Highlights Automation Benefits for Lenders yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
External | what does this mean?
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Banca Sella and Workinvoice form open banking partnership 4 hours ago
Source: Banca Sella Banca Sella (digital banking champion) and Workinvoice (Italian fintech pioneer) have partnered to jointly develop new, seamless digital financial services for corporates.
The collaboration between Banca Sella and Workinvoice will provide the bank’s corporate customers with customer centric convenient solutions to finance their working capital. One of the first services that will be launched is factoring as a service, which will allow companies to unlock liquid assets from their collection and payment cycle.
Apr 19, 2021
The Covid-19 pandemic has ushered in ample opportunities by accelerating the digital transition of tasks that were once considered mundane.
By Kevin Wright, CIO of Santam Group
In recognition of the importance of this, almost all players in the insurance sector are digitising – some more seamlessly than others. This ‘phygital’ (meeting of the physical and digital worlds) trend is becoming omnipotent, with a blend of automation and human expertise now the norm. It is expected that in the next five years, a major innovation will occur in the way products are digitally distributed, including in the underwriting and tracking process.
Customer privacy, data protection are non-negotiable: RBI deputy Governor M Rajeshwar Rao
Open banking refers to sharing and leveraging of customer-permissioned data by banks with third party developers and firms to build applications and services.
Share Via Email
| A+A A- By PTI
MUMBAI: Reserve Bank Deputy Governor M Rajeshwar Rao has said that technological innovation in banking is of paramount importance but cannot be pursued at the cost of customer privacy and data protection which are non-negotiable. We must generate trust amongst the customers that their data is safe and secure in all their financial relationships with regulated entities and for that - innovation and regulation should go hand-in-hand, he said while speaking at a webinar on Open Banking organised by Tata Consultancy Services (TCS) in association with the Embassy of India in Brazil on April 14.