Fintech

Janasha Finance, an advocate for financial inclusion, secures USD 2.5 million in debt funding, led by Au Small Finance Bank and other institutional lenders. Operating under the brand LoanKuber, Janasha Finance aims to transform mortgage lending for underserved sectors in India. The funding will facilitate the expansion of the company’s assets under management (AUM) and enhance its technological capabilities. Janasha …

Fintech platform GroMo has announced the distribution of Rs 100 crore in payouts to its partner agents as it marks its five-year milestone. The company, co-founded by IIT Delhi alumni Ankit Khandelwal and Darpan Khurana, aims to achieve Rs 1,000 crore in earnings for its partner agents in the next five years. GroMo’s platform, which facilitates the distribution of financial …

  Bragadish Sureshkumar, CTO at Zopper, shares insights into groundbreaking projects. From an open API stack simplifying insurance journeys to AI-assisted product recommendations, they are redefining the landscape. From dynamic forms to contextual triggers, every detail is meticulously crafted to meet evolving needs. Subscribe to @itVARnews on this journey of continuous innovation and impact.

Kyndryl, the largest global IT infrastructure services provider, has entered into a partnership with Canara Bank, a prominent public sector bank in India. The collaboration aims to optimize Canara Bank’s business services, streamline operations, and modernize its IT infrastructure. As the trusted IT partner for Canara Bank, Kyndryl will enhance the bank’s end-to-end IT operations, covering core banking, IT infrastructure, …

One97 Communications Limited (OCL), the parent company of Paytm, has unveiled the Paytm 2023 Recap, a comprehensive summary showcasing the notable achievements at the end of the year. The recap highlights a year of groundbreaking developments in the payments sector and significant user engagement through the Paytm application. Users can now review their Paytm payment experiences in 2023 at paytm.com/recap. …

In the rapidly evolving landscape of finance, fintech innovations have become the driving force behind transformative changes. To gain valuable insights into this fintech-driven transformation, we had the privilege of sitting down with Sunil Rongala, Senior Vice President, Strategy, Innovation, and Analytics, Worldline India. Sunil’s extensive experience and his current position at Worldline, offer a unique perspective on how fintech …

Fintech innovations have not merely disrupted but revolutionized the BFSI sector. These innovations have redefined how financial transactions are conducted, making them faster, more secure, and increasingly accessible. Devang Mundhra, Chief Technology Officer, KredX, offers an inside look into how this transformation is unfolding. From the game-changing impact of UPI and blockchain technology to the role of AI in personalizing …

Nexford University, a Washington DC based tech-enabled online university, has partnered with a Mumbai-based educational loan firm, Eduvanz, to bring affordable business education to Indian students. “We are delighted to partner with Eduvanz. The Indian economy has huge growth potential but like many countries globally, its business students need a high-quality, yet affordable education providing skills employers need. We look …

The whole idea behind Software as a Service (SaaS) is that the software, precisely the code base, is continuously improved based on input from its entire customer base. All the subscribers receive the updates to the code base as the provider rolls them out. The software doesn’t have multiple versions but just one continuously improved, superior product. So what are …

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), today announced the successful implementation of the Finacle Core Banking and Analytics solutions, at Bank Sohar one of the fastest growing banks in Oman. The bank currently uses the Finacle Online Banking, Alerts and Treasury solutions; and the enhanced Finacle suite will enable Bank Sohar to accelerate its digital …