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Financial Technology Firm Clearwater Analytics Opens Office in India

Clearwater® Analytics announced today that the company will open and staff a new office in Noida, India. The new site will be Clearwater’s second development center and provide “follow-the-sun” servicing capabilities for the company’s operations teams. The India office is a strategic addition to current offices in New York, London, …

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BharatPE board appoints former PayU MD Jitendra Gupta

Former MD at PayU, Jitendra Gupta has been appointed by BharatPe, a UPI enabling payments and digital lending for merchants. Post his delink with PayU, this is being known as Jitendra Gupta’ first official association with any company. Gupta gained fame and had become one of the leading faces in …

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Aditya Birla Group shuts all its business around banking

Aditya Birla Payments Bank (ABPB) has decided to shut its banking business. ABPB eventually decides tosurrender the banking licence that it owns to the Reserve Bank of India (RBI). Aditya Birla Payments Bank was known to be one of the 11 applicants to receive approval from RBI to launch a …

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Cash dependency to be prevented by promoting Digital Payments

Prime Minister Narendra Modi, with the launch of the Digital India week in 2015 reportedly said that he dreams of a digital India where e-banking and mobile banking ensures financial inclusion. PM’s vision is eventually turning into reality with the new initiatives taken like the Digital India campaign led by …

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Bangalore tops the era of Digitisation in India

The city that turned out to be the most digitised one in India is Bengaluru. This is confirmed after a research conducted by Payment Solutions company when the study proved that the highest card payments are made in this city. Razorpay Software Pvt Ltd. released the Era of Rising Fintech …

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$15 million of European funds raised by MyMoneyMantra

MyMoneyMantra, Delhi-based fintech firm has raised about Rs. 104 crores ($15 million) from European investment company IFSD BV and a PE firm which is newly formed, Vaalon Capital in what seems to be the first funding for the 30-year-old company. The exact stake amount could not be ascertained but sources …

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Use of Blockchain By YES BANK for the issue of Corporate Debt

YES Bank reportedly completes the issuance of corporate debt through blockchain tech fintech MonetaGo on R3’s Corda Enterprise Technology. This is for the first time in Asia when a big Financial institute uses blockchain for the issue of commercial papers. ₹1 billion rupees transaction was reportedly carried out on behalf …

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