Fintechs – Products, Community, News
Fintechs – Products, Community, News
We will keep updating the current status of Paytm after RBI had taken action against it due to lack of Compliance. Paytm QR to work beyond March 15. Paytm shifted its nodal account to AXIS Bank by creating an escrow account Paytm QR, Soundbox, Card machine will continue to work as always beyond March 15, […]
Open banking refers to a financial concept and practice that allows third-party financial service providers to access and use financial data from banks and other financial institutions through Application Programming Interfaces (APIs). This data sharing enables these third-party providers to develop new financial products and services, often tailored to meet specific consumer needs. Key aspects […]
Click here for FIXED DEPOSIT CALCULATOR 1. Introduction: The Deposit Insurance and Credit Guarantee Corporation (DICGC) is a subsidiary of the Reserve Bank of India (RBI) and serves as the primary entity responsible for providing deposit insurance to depositors in Indian banks. Established in 1978, DICGC plays a crucial role in safeguarding the interests of […]
According to RBI, your deposit is secured upto Rs 5 Lakhs by Deposit Insurance and Credit Guarantee Corporation (DICGC) A Fixed Deposit (FD) calculator is a tool that helps individuals estimate the interest earned and the maturity amount for a fixed deposit investment. The formula for calculating interest on fixed deposits is straightforward, but a […]
1. What Are NFTs? Definition: Non-Fungible Tokens (NFTs) are unique digital assets that represent ownership or proof of authenticity of a specific item or piece of content using blockchain technology. Unlike cryptocurrencies such as Bitcoin or Ethereum, NFTs are indivisible and cannot be exchanged on a one-to-one basis. 2. How NFTs Work: Blockchain Technology: Smart […]
The true identity of Satoshi Nakamoto remains unknown. Satoshi Nakamoto is the pseudonymous individual or group of people who created Bitcoin, the first decentralized cryptocurrency, and introduced the underlying technology, blockchain. The identity of Satoshi Nakamoto has been one of the most significant mysteries in the world of technology and finance. Here are some key […]
National Payments Corporation of India (NPCI) is an apex organization in India that plays a crucial role in the country’s digital payments landscape. Established in 2008 as a not-for-profit company under Section 25 of the Companies Act, NPCI is owned by a consortium of major banks and is tasked with providing robust and efficient payment […]
Introduction to Debit Cards: A debit card is a payment card that provides cardholders with electronic access to their bank accounts to make purchases or withdraw cash. Unlike credit cards, which allow users to borrow money up to a certain credit limit, debit cards are directly linked to the user’s bank account, and transactions are […]
Introduction to RegTech: Regulatory Technology, commonly known as RegTech, is an innovative and technology-driven approach to managing regulatory compliance and addressing challenges related to risk management within the financial industry. As financial regulations become more complex and stringent, the need for efficient and automated solutions to ensure compliance has grown significantly. RegTech aims to streamline […]
Understanding Neo Banks/Digital Banks: Neo banks, also known as digital banks, are financial institutions that operate exclusively online or through mobile applications, without traditional physical branches. These banks leverage technology to provide a range of banking services, from basic transactions to more sophisticated financial products. Unlike traditional banks, neo banks focus on delivering a seamless, […]