Tag: FinTech
Sarvam AI Startup Programme Fuels Indic AI Builders
Sarvam AI has introduced the Sarvam Startup Programme, providing early-stage companies with up to 12 months of API credits, priority engineering support and production-ready infrastructure to build multilingual AI applications without backend complexities. Founders Vivek Raghavan and Pratyush Kumar positioned the initiative to empower India’s developer ecosystem with high-quality models fluent in 22+ Indian languages and English, enabling full agency in creating voice agents,...
Oracle Layoffs Fund AI Data Centre Push Amid Cash Squeeze
Oracle is planning thousands of job cuts across divisions as it grapples with a cash crunch from aggressive AI data centre buildout to support major clients including a $300 billion OpenAI agreement, xAI and Meta, as Bloomberg News first reported. The reductions, potentially broader than typical rolling cuts, may begin this month and target roles expected to diminish under AI automation, coinciding with an...
Deutsche Börse Opens Global Value Centre in Hyderabad
Deutsche Börse Group, one of the world’s largest capital market technology providers, has inaugurated its Global Value Centre (GVC) in Hyderabad, India — a...
India Introduces Biometric UPI Payments with Face and Fingerprint Authentication
Facial Recognition and Fingerprint Verification to Replace PIN for Seamless Digital PaymentsIn a landmark move to strengthen digital payment security and convenience, India is...
ECB Picks Feedzai for Digital Euro Fraud AI
In a strategic move to secure the future of the eurozone’s digital currency, the European Central Bank (ECB) has selected Portuguese AI firm Feedzai...
BillMart Launches GigCash for India’s 7.7M Gig Workers
BillMart, a fast-growing Indian fintech platform, has announced the launch of GigCash — a custom-built credit line aimed at India’s rapidly expanding gig and...
JFS Buys SBI’s ₹105 Cr Stake in JPBL
Jio Financial Services (JFS) is set to acquire State Bank of India’s (SBI) entire stake in Jio Payments Bank (JPBL) for ₹104.54 crore, making...
ED Issues FEMA Notice to Paytm
Digital payments giant Paytm has received a show cause notice from the Enforcement Directorate (ED) over alleged violations of the Foreign Exchange Management Act...
SBI Pushes for Banks to Offer Equity to Startups
State Bank of India (SBI) Chairman C.S. Setty has called for the development of an ecosystem that enables banks to provide equity support to...
DPIIT and Paytm Partner to Boost India’s Startup Ecosystem
The Department for Promotion of Industry and Internal Trade (DPIIT) has joined hands with Paytm (One97 Communications Limited) to foster innovation and accelerate the...
Razorpay CEO Lauds India’s Digital Payment Leadership at Davos
India's fintech sector is making waves on the global stage, with Razorpay CEO Harshil Mathur underscoring the country’s unparalleled advancements in digital payments at...
How Startups Are Solving EPF Hurdles
Navigating the complexities of India's Employee Provident Fund (EPF) system has long been a daunting challenge for workers across the country. The financial year...
RBI Opens Doors for Multiple Self-Regulatory Organisations in Fintech Industry
With the Reserve Bank of India (RBI) opening the door for multiple self-regulatory organisations (SROs), various entities are gearing up to seek approval for...
