Healthcare gearing towards Fintech’s Digital Evolution
In this article, it has been discussed that health care can benefit from the learnings of the Fintech sector.The digital evolution of healthcare accelerated by the pandemic will continue in the months and years to come. But what will the path forward look like? Solving financial pain points—and namely, the convoluted process of paying for healthcare—will be key to the industry’s digital evolution
Contactless Payments has proven to be boom for merchants and consumers amid COVID Due to These Reasons
As communities begin to slowly reopen, business/shop owners and the consumers they serve will be entering a new normal, navigating the new territories, living with precautions. During these times, consumers have also started to rethink their mode of payment, they need something quick, safe and one that minimizes physical contact
Few tips that will ensure Data Security Tips for FinTech Companies on Working Remotely
With the COVID-19 pandemic leading to the limiting and even criminalization of social interactions, most organizations have been forced to operate remotely to ensure continuity. Owing to the legal, social, and financial repercussions of information falling into the wrong hands, every business must take extra measures to protect their data especially if they have personnel working remotely
Now insurers can use video-based KYC for on boarding customers - Irdai
Regulator Irdai has permitted life as well general insurers to use the Video-Based Identification Process (VBIP) for prospective customers with a view to enhance the ease of doing KYC and help the insurance sector which is battling the impact of COVID-19 pandemic. This is another forward looking mover from the regulator from the growth of technology in Financial services area
Government Launches ‘CHUNAUTI’, Invites Start-ups to Develop Solutions for Problems Amid Pandemic
CHUNAUTI (Challenge Hunt Under NGIS for Advanced Uninhibited Technology Intervention), a challenge launched under the Next Generation Incubation Scheme (NGIS) is a comprehensive incubation scheme by the Software Technology Parks of India (STPI) to drive India’s rise as a global leader in software products
Rise of the central bank digital currencies: drivers, approaches and technologies
Central bank digital currencies (CBDCs) are in the limelight. But the reasons for issuing them vary between countries, as do the policy approaches and technical designs. This paper looks at the economic and institutional motives behind current CBDC projects and asks how they might shape the design of such currencies
Few important aspects worth understanding is the increase in number of discussion in nearly all forum about the need of Central banking digital currency and if not acted now, it is highly possible to see the dominance of few Countries and Private players in this space.
NPCI Innovation team has started a new initiative for its Fintech Newsletter. – Expert of the month. This month the theme on which commentary asked from the expert is “Future of Fintech in Post Covid world”
“Fintech has been the centre of attraction for quite some time now in the financial world. However, the need for swift actions by them is now more than ever. As the world is shifting from response mode to recovery, significant opportunities are going to arise for the Fintechs to tap upon. New world order & consumer behaviour will pave path to new financial needs and behaviours. How well the Fintechs do in the post covid19 world will depend on the usage of their skills to drive innovation, economic recovery, collaborative partnerships and ability to tap the under-banked unbanked segment“
- Shashank Shekhar, Head of Consulting | The Digital Fifth
