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The Securities and Exchange Board of India (Sebi) has issued a discussion paper on regulating algorithmic trading, or trades generated out of automatic execution and logic. Mint examines why the paper has spooked fintech players and brokerages.
Tech-savvy game vaccine queues using CoWIN APIs 3 hours ago The government may have officially opened up the COVID19 vaccination program to people in the 18-45 age group, but that doesn’t mean everyone can get a vaccine. Very few appointment slots have been opened for this age group; states such as Telangana are yet to even officially begin vaccinations for this group. This scarcity has led multiple developers to macgyver piecemeal solutions in the form of apps, websites and scripts to help the tech-savvy grab all slots minutes after they are opened. All these third-party services levera...
Government selectively opens up Co-WIN APIs to third parties without data policy 5 hours ago On April 17, the Government denied permission for software access to the Co-WIN dashboard to Step One, a non-profit organisation (NPO) working on enabling vaccination registration and appointment through WhatsApp. However, on Wednesday it reversed its position and opened selective parts of the Application Programme Interfaces (APIs) for Co-WIN to third parties for appointment vacancies search and vaccination certificate downloads. In a letter to Step One, dated April 17, the Empowered Group of Vaccine...
Will 2021 be the breakout year for neo-banks? 6 hours ago Last week, the Reserve Bank of India (RBI) liberalised a few restrictions imposed on pre-paid instruments (PPI) and payment bank players, signalling that the central bank views these companies with greater respect when it comes to handling people’s money. With the widespread usage of digital wallets and the numerous services offered by fintech payment players within an app, the RBI has decided to give these new banking models more room to grow. The central bank has now allowed digital wallet companies and payment banks to compete wit...
3 hours ago “There is a market distortion” in the digital payments industry today between incentives for earning revenues and growth, according to Sameer Nigam, chief executive officer, PhonePe. While the National Payments Corporation of India (NPCI) recently issued guidelines for its market share caps on the Unified Payments Interface, Nigam believes that without a merchant-discount-rate future investments in the sector could be threatened. Nigam was speaking during discussion organised by Moneycontrol on the Future of Digital Payments in India on Clubhouse, the audio-only meeting app. ...