Chittaranjan Chattopadhyay’s Post

"Embark on a revolutionary journey in Fintech! We're thrilled to announce the commencement of our 1st batch of "Advance Certificate on Fintech" by BFSI Board, ICMAI, today on 15th November 2024, auspiciously coinciding with Guru Nanak's Birth Day and Kartick Purnima. Special Thanks to Sri NDSV Nageswara Rao, GM SBI for inaugurating the course. This course promises to equip you with cutting-edge knowledge and skills in Fintech. Join the fintech revolution and unlock new opportunities! #Fintech #ICMAI #BFSI #GuruNanakJayanti #KartickPurnima #FinancialInclusion #DigitalTransformation"

#FinTech’s Long March - As aptly summed up by DLAI Board member Alok Mittal ‘The Right of FinTech to exist is in Innovation’ while Jatinder HANDOO, CEO DLAI highlights fintech firms’ efforts to embed principles of client protection, customer centricity and regulation into products and process offerings to foster market stability and responsible marketing conduct. #DLAI continues to represent the sectoral voice with elements to responsible market conduct to foster a dynamic fintech ecosystem in India. Anurag Jain Siddharth Mahanot Manish Lunia Shivashish Chatterjee #IndiaFinTechTribe #FinTech4FI

Product discovery is crucial for identifying user needs and validating solutions before development begins. This process ensures that the product you create is something people will actually use and value. Let's take the example of BHIM UPI to illustrate the core principles of product discovery. Product discovery ensured that the BHIM UPI team built a product that genuinely solved user problems and added value to their daily financial transactions. BHIM UPI, developed by the National Payments Corporation Of India (NPCI) and launched on December 30, 2016, supports all Indian banks using UPI and facilitates instant money transfers between 170 member banks, promoting cashless transactions across India. Stay tuned for a detailed version. Also, feel free to drop your feedback in the comments.💡 Product Space #ProductManagement #ProductDiscovery #Technology

UPI Goes Global! 🌍 ✨ UPI, India's revolutionary payment system, is taking the world by storm! No longer confined to India, UPI is now actively used in 12 other countries, making seamless transactions a global reality. 🚀💳 From instant transfers to effortless shopping, UPI is transforming how the world handles money. Here’s why it’s a game-changer: 🔹 Global Reach: UPI is breaking boundaries, making digital payments accessible worldwide. 🔹 Instant Transactions: No more waiting—send and receive money in a flash. 🔹 Top-notch Security: Your money is always safe with UPI’s robust encryption. Which country are you using UPI in? Share your experience! 💬 #UPIGoesGlobal #DigitalPayments #FinTechRevolution #IndiaInnovates #GlobalImpact BSEIndia NSE India Indian Ministry of Finance HDFC Bank HDFC Sky HDFC securities Reserve Bank of India (RBI)

UPI Circle: NPCI's New Revolution For the rapidly evolving FinTech landscape, innovation continues to drive the future of digital payments in India. The recent introduction of UPI Circle by the National Payments Corporation of India (NPCI) is a testament to this progress. UPI Circle is a pioneering feature that allows primary UPI account holders to securely delegate payment responsibilities to trusted secondary users, thereby expanding the reach and ease of digital transactions. This move, aligned with the RBI's vision, is set to revolutionize how we interact with digital payments. With UPI Circle, primary users maintain control while offering partial or full payment privileges to secondary users, ensuring security and convenience. NPCI's guidelines emphasize safety, limiting risks, and promoting a seamless user experience. As we continue to explore the impact of such innovations, it’s crucial to understand their implications for the broader FinTech ecosystem. This is just the beginning of a new era in digital payments, and the possibilities are limitless. #FinTech #DigitalPayments #UPICircle #NPCI #Innovation #FutureOfFinance #adypu #adypunouvos Image Credit: pxlr.com

"Is India’s Lending Boom a High-Stakes Gamble on Growth, Risk, and Regulation?" The September issue (#lending, #p2plending, #IOT, 5G) of the IBSi FinTech Journal— India Edition is now live!! Read my exclusive interview with Parag Bhise CEO of Nucleus Software. #lending #interview #fintechjournal #ibsintelligence.

🌐 RBI and NPCI Working to Expand UPI to 20 Countries by 2029 🌐 Did you know that more than 40% of all payments done in India are digital, with UPI having a lion's share? 🚀 Building on its domestic success, India is planning to expand the UPI network internationally. By 2029, the RBI and NPCI aim to bring UPI to 20 countries, revolutionizing the way payments are made globally. #Share your #thoughts in the #comments below! 💬 Don't forget to follow Viwosoft Technologies for more updates on tech innovations. Please follow Vakil Virat Image Source: #socialmedia #DigitalPayments #UPIExpansion #RBINPCI #FinTech #GlobalPayments #TechInnovation #ViwosoftTechnologies #FollowUs #ShareYourThoughts

The ISB Centre for Business Innovation (ISB CBI) has hosted a #webinar on "Fintech 2.0 - Thriving in the New Normal” on April 12, 2024.   Souparno Bagchi, COO, of Balancehero India attended a webinar along with Prof. Shashwat Alok, Indian School of Business. Together, they delved into the profound implications of Digital Public Infrastructure on the landscape of Indian digital lending and fintech.   Here are some key takeaways from the insightful session: 💡 Strong Foundation for borrower identification and underwriting: DPI plays a crucial role in validating borrower identities and facilitating KYC checks, which are vital for loan underwriting processes. 💡 Enables core functionalities: DPI provides essential functionalities that form the backbone of loan servicing, including seamless digital identity validation.   💡 Examples of DPI components: Souparno highlighted #Aadhaar (unique ID program), #PAN card (tax identification number), and the E-KYC registry as integral components of India's DPI.   💡 Expansion of market and innovation: Souparno emphasized how #DPI enables the expansion of the market by lowering costs and introducing innovative features, driving technological advancement in financial services. Thanks to Souparno Bagchi and Prof. Shashwat Alok for sharing their valuable #insights! Both the speakers have talked about how the “True balance” continues to embrace advancements in #digitalinfrastructure to better serve their #customers. #digitallending #fintech #innovation #DigitalPublicInfrastructure #India #IndianSchoolofBusiness #ISBfaculty #ISBalumnus #benefits #DPG #DPGs #NBFC #expertsspeak #expertstalk #fintechecosystem #KYC #EKYC @TrueBalance_app Prashanth Ramagiri I Manika Mittal

APIX Platform platform CEO Umang Moondra shares his thoughts on State Bank of India’s new innovation platform on the The Asian Banker!

#LearnInPublic Challenge 1 🚀 Exciting Developments in the Credit on UPI Landscape! 🚀I'm thrilled to share insights from my recent research on the rapidly evolving credit segment within India's Unified Payments Interface (UPI) market. Here are some key highlights: Experts believe that credit on UPI can revolutionize access to credit for millions, making it more convenient and affordable. The potential for tailored credit lines and EMI options based on spending patterns is particularly promising. The Reserve Bank of India (RBI) and NPCI are actively promoting digital transactions and financial inclusion through various initiatives, including enhancing payment infrastructure and introducing innovative features. I'm excited to see how these developments will shape the digital payment landscape in India! Let's connect and discuss more . 💡💰 #NextLeap #LIPchallenge #MarketResearch #ProductManager #CreditonUPIinIndiaMarket #NextLeapPMFellowship