AI
Standard Chartered global head leaves to found fintech start-up
Manohar Chadalavada, a veteran executive with almost two decades of experience at Standard Chartered, departs the bank to establish a fintech startup.
FactsManohar Chadalavada,...
AI
AI-powered conversational payments to launch on India’s UPI
RBI plans to introduce conversational payments to India's UPI, leveraging AI for secure transactions through voice commands, aiming to enhance financial inclusion.
FactsRBI will...
Banking
Mastercard Strive India launches to help small businesses go digital
Mastercard has introduced the Mastercard Strive India program, targeting the digital transformation of 500,000 Indian small businesses by 2025, focusing on micro-enterprises, women-led businesses,...
AI
Indian fintech start-up Credgenics secures $50m Series B funding
Debt collection SaaS platform Credgenics secures $50 million in Series B funding led by Westbridge Capital, expanding its innovative debt resolution solutions across markets.
Facts...
Banking
Svatantra to acquire Navi Group’s microfinance subsidiary for $178.6m
Indian microfinance company Svatantra Microfin is set to acquire Chaitanya, a subsidiary of Navi Group, for $178.6 million, becoming the second largest microfinance entity...
Banking
BlackRock and Jio Financial Services to launch joint asset management venture in India
US asset management firm BlackRock and Jio Financial Services (JFS) are forming a 50:50 joint venture, Jio BlackRock, with an initial investment of $150...
Banking
Bain Capital buys majority stake in India’s Adani Capital, invests $120m to boost growth
US-based private investment firm Bain Capital will acquire a 90% stake in India's Adani Capital and Adani Housing, bolstering the non-banking financial institution's growth...
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