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AA banking

2016: RBI approves a new class of non-banking financial companies to function as Account Aggregators (AA) to extract, aggregate, and transfer financial data with the express consent of users. 2019: Personal Data Protection Bill 2019 (PDPB) introduced in the Indian parliament to provide the legal backbone for AAs. 2020: PDPB yet to come into force,…

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The story of banking licenses in India

In today’s digital era, the Indian banking sector is considered one of the most evolved banking systems in the world. With healthy competition thriving between the public and the private sectors, the banking sector in India has a variety of players that work within the ambit of varying banking licenses and legal frameworks. To understand…

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Loan restructuring

The impact of the pandemic-led nationwide lockdown on economic activity, especially in the lending sector has been immense. Everyone from small town lenders to multinational banks have been affected. As job losses and pay cuts started as early as March, the Reserve Bank of India announced a moratorium on loan repayments. In its financial-stability report,…

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Central banks

In the previous blog, we read about the approach of the US and Indiato the Covid-19-led economic and financial slowdown. In this blog, we will look at two Asian countries, South Korea, and China, as well as the European Union and list out their policies to cope with the economic crisis.   South Korea –…

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Central banks

For most of this year, the entire world has been caught in the jaws of a worldwide pandemic of Covid-19. Entire countries have been shut down, and with the unlock measures creating a spike in new cases, many countries have started the second phase of lock downs in a desperate attempt to slow the spread.…

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Blended finance

Check out our primer blog on Blended finance and post-COVID economy part 1 here   Banks have a crucial role to play To fund projects in South and Southeast Asia concerning water sanitation, Bank of America provided $5 million of interest-free capital into a fund that proceeded to attract $45 million in additional private capital.…

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Illustrated stock

As we battle with the pandemic of Covid-19, the only hope may appear to be a vaccine. A magic fix? Not so much. Because the socio-economic strains that Covid-19 has exposed are the symptoms, and not the root cause. The crisis has exposed fault lines in healthcare, education, finance, and practically every industry that keeps…

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After enough has been written about the benefits of using APIs for banks, only one pertinent question remains: It now boils down to ‘When rather than Whether’ for API adoption by banks. In that pursuit, the biggest challenge seems to be – ‘how to monetize our API efforts?’ The simple answer is to figure out…

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UI UX in lending

“Design is not just what it looks like and feels like. Design is how it works.” – Steve Jobs This is the visual age. What you see is what you get. In a world where the ubiquity of connected devices have permeated every aspect of customer decision making, visual appeal is what makes or breaks…

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