Marriage of Convenience
From disrupters to partners, the Fintech-bank relationship has come a long way. What is the next level of this partnership?
Illustration by Raj Verma
A decade ago, the entry of Fintechs in the fast-growing financial services space was a shocker for traditional banks. Bankers were worried that at some stage in the future, Fintechs would eat their lunch. Be it payments, software as a service, or lending, the new age start-ups in the financial services space went all out with innovative models in underbanked and unbanked areas to woo customers. But banks, too, followed with their digitisation drives, pushing Fintechs back. Regulators also stepped in to fill the gaps and encourage innovations. For instance, the Unified Payment Interface-based platform hit mobile wallet players hard. On the other side, the entry of Techfins such as Google Pay, Amazon Pay and WhatsApp started changing the rules of the games. While the tug of war still continues, the jury is still
Banking and accounting are, in a sense, two sides of the same coin. What banking does, accounting records. But those running a business would know just how disparate the actual machinery of both these processes are in reality.
PM inaugurates first ‘one-window’ Ehsaas centre in Islamabad
Initiative aims at ensuring access to all facilities and services of Ehsaas Programme under one roof
Prime Minister Imran Khan inaugurated the first one-window Ehsaas centre in Islamabad on June 9, 2021. PHOTO: PMO
Prime Minister Imran Khan on Wednesday inaugurated the first “one-window Ehsaas centre” in Islamabad, according to
On the occasion, the premier was briefed about the initiative, which is aimed at ensuring access to all the facilities and services of Ehsaas Programme under one roof. He was briefed that similar facilities will be established in every district of the country.
وزیر اعظم عمران خان نے آج اسلام آباد میں پہلے ون ونڈو احساس سنٹر کا آغاز کر دیا۔
وزیراعظم کو ون ونڈو سنٹر اور احساس ون ونڈو اقدام پر بریفنگ دی گئی۔
اس موقع پر وزیراعظم نے پودا بھی لگای
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