RBI to set up new fintech department to push innovation

In an internal circular, the Reserve Bank of India (RBI) said it has decided to set up the fintech department to further focus and facilitate innovation in the Indian fintech sector.

Fintech app to educate pre-teens about money management

Good Good Piggy, a financial-technology-based education platform, is on a mission to educate young people about money management. Good Good Piggy will act as a digital piggy bank and help children save money. Parents can regulate and customise the app for their kids.

Fintech Startups Foresee Faster Loan Disbursal As RBI Opens Credit Bureau Data

Entities that have a minimum net worth of INR 2 Cr will now have access to data available with credit bureaus. In the absence of access to credit data, fintech startups have been relying on other factors such as social media profiles and mobile phone usage data, etc. to assess the creditworthiness. The latest RBI guidelines will help in taking quicker and better credit decisions.

Payments infra startup M2P Fintech valued at over $600 million in $56 million funding

M2P Fintech, a payments infrastructure startup that has established market dominance in India, has raised $56 million in a new financing round, less than three months after closing its previous funding, as it works to deepen its footprints in several international geographies.

Bengaluru witnesses second FinTech Festival India micro experience

Bengaluru city witnessed the second micro experience of India's largest - Fintech Festival India - organised by Constellar Exhibitions (a subsidiary of TEMASEK and Singapore Press Holdings which organises the Singapore FinTech Festival) and supported by Niti Aayog and six central government ministries.