Tag: FinTech
ASML to Cut Around 1,700 Jobs in AI‑Driven Reorganisation
ASML, the Dutch semiconductor‑equipment giant that holds a near‑monopoly on advanced lithography tools used to manufacture cutting‑edge chips, is planning to cut roughly 1,700 jobs, or about 4 per cent of its 44,000‑person workforce. The move was announced in January alongside the company’s record full‑year revenue of €32.7 billion and signals a major internal reorganisation aimed at streamlining operations even as demand for advanced...
MeitY Proposes Continuous Labelling for AI‑Generated Content
The Ministry of Electronics and Information Technology (MeitY) has proposed that all content generated with the help of artificial intelligence carry a continuous and clearly visible label alerting users that the material has been synthetically created. The draft amendment to the Information Technology Rules (Intermediary Guidelines and Digital Media Ethics Code), 2021 requires that the labelling must remain on display for the entire duration...
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...
