#MCPersonalFinance: The #mutualfund industry is witnessing a spate of new entrants. From discount brokerages to #fintechs, many have entered the fray, mostly with the premise of low-cost offerings. Will this factor alone suffice for their success?
Read: https://www.moneycontrol.com/news/business/personal-finance/can-zerodha-and-navi-disrupt-the-mutual-fund-industry-just-by-offering-low-cost-schemes-7423331.html?utm_source=telegram&utm_medium=social
Read: https://www.moneycontrol.com/news/business/personal-finance/can-zerodha-and-navi-disrupt-the-mutual-fund-industry-just-by-offering-low-cost-schemes-7423331.html?utm_source=telegram&utm_medium=social
Moneycontrol
Can Zerodha And Navi Disrupt The Mutual Fund Industry Just By Offering Low-cost Schemes?
Focusing on passive schemes removes fund manager risk and makes it easier for new-age firms to sell such products to the masses
#RBI’s Deputy Governor T Rabi Shankar said #fintechs are in a position to enhance the efficiency of financial intermediation but cannot replace the core nature of financial intermediation (banks).
https://www.moneycontrol.com/news/business/companies/fintechs-improve-efficiency-of-financial-intermediation-but-banks-still-core-of-payments-systems-rbi-dy-gov-7516101.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/companies/fintechs-improve-efficiency-of-financial-intermediation-but-banks-still-core-of-payments-systems-rbi-dy-gov-7516101.html?utm_source=telegram&utm_medium=social
Moneycontrol
Fintechs Improve Efficiency Of Financial Intermediation, But Banks Still Core Of Payments Systems: RBI Dy Gov
Competition remains within the banks, between banks who leverage fintech better and banks who are not good at leveraging fintech, said RBI Deputy Governor T Rabi Shankar
The wide array of functions #fintechs perform necessitates the widening of the regulatory perimeter, and the regulators have to adjust to this major change: RBI Deputy Governor T Rabi Shankar.
https://www.moneycontrol.com/news/business/companies/regulatory-perimeter-should-be-widened-with-evolving-functions-of-fintechs-digital-fraud-a-concern-rbi-dy-governor-t-rabi-shankar-7517941.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/companies/regulatory-perimeter-should-be-widened-with-evolving-functions-of-fintechs-digital-fraud-a-concern-rbi-dy-governor-t-rabi-shankar-7517941.html?utm_source=telegram&utm_medium=social
Moneycontrol
Regulatory Perimeter Should Be Widened With Evolving Functions Of Fintechs: RBI Dy Governor T Rabi Shankar
The Dy Governor has said cyber-security risks are likely to overshadow financial risks because of dependency on technology.
#MCPersonalFinance: Many #fintechs and discount brokerages have obtained #MutualFund licenses. They promise low-cost products. But is that enough to invest in their schemes?
https://www.moneycontrol.com/news/business/personal-finance/excited-about-the-entry-of-many-new-age-fund-houses-wait-before-investing-in-their-schemes-7607291.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/personal-finance/excited-about-the-entry-of-many-new-age-fund-houses-wait-before-investing-in-their-schemes-7607291.html?utm_source=telegram&utm_medium=social
Moneycontrol
Excited About The Entry Of Many New-age Fund Houses? Wait Before Investing In Their Schemes
Unless the NFOs from new fund houses offer something unique, you should not rush to invest your money
With the pandemic playing accelerator for Indians buying #insurance online, the #insurtech industry is growing in size, and #fintechs venturing into insurance are growing in number.
Here's what is driving optimism in this space ⏬
https://www.moneycontrol.com/news/business/startup/what-is-driving-optimism-in-the-indian-insurtech-space-7688641.html?utm_source=telegram&utm_medium=social
Here's what is driving optimism in this space ⏬
https://www.moneycontrol.com/news/business/startup/what-is-driving-optimism-in-the-indian-insurtech-space-7688641.html?utm_source=telegram&utm_medium=social
Moneycontrol
What Is Driving Optimism In The Indian Insurtech Space
Indian insurtech players are set to benefit from the huge opportunity that the country’s underpenetrated market provides. Digital insurance players are making it easier for customers to understand and buy insurance within IRDAI’s regulatory framework.
#MarketsWithMC: The momentum in primary markets should continue as we see more and more #unicorns and #fintechs getting listed, says Narendra Solanki of AnandRathi Private Wealth.
Here's what he has to say about #IPOs, #Samvat2078 and more ⏬
https://www.moneycontrol.com/news/business/markets/narendra-solanki-of-anand-rathi-sees-nifty-at-19700-rs-1-1-3-lakh-crore-of-ipos-by-diwali-2022-7687641.html?utm_source=telegram&utm_medium=social
Here's what he has to say about #IPOs, #Samvat2078 and more ⏬
https://www.moneycontrol.com/news/business/markets/narendra-solanki-of-anand-rathi-sees-nifty-at-19700-rs-1-1-3-lakh-crore-of-ipos-by-diwali-2022-7687641.html?utm_source=telegram&utm_medium=social
Moneycontrol
Narendra Solanki Of Anand Rathi Sees Nifty At 19,700, Rs 1-1.3 Lakh Crore Of IPOs By Diwali 2022
Top picks by Narendra Solanki for Samvat 2078 are Infosys, Hindalco, Coforge, Indo Count Industries, Rossari Biotech and Vardhman Special Steels.
Have you checked out #MCMinis yet? 🤔
They are quick explainers or short insights on topics that matter! They fit into the screenshot of your phone. 📲 It is that easy and fast! ⚡️
Start exploring: https://moneycontrol.com/news/mcminis?utm_source=telegram&utm_medium=social
#Fintechs #Business #Lending
They are quick explainers or short insights on topics that matter! They fit into the screenshot of your phone. 📲 It is that easy and fast! ⚡️
Start exploring: https://moneycontrol.com/news/mcminis?utm_source=telegram&utm_medium=social
#Fintechs #Business #Lending
The bank has tied up with over a dozen #fintechs to upgrade its digital offerings.
Read more about it 👇
https://www.moneycontrol.com/news/business/banks/union-bank-launches-super-app-union-nxt-to-invest-rs-1000-crore-in-tech-in-fy23-8325641.html?utm_source=telegram&utm_medium=social
Read more about it 👇
https://www.moneycontrol.com/news/business/banks/union-bank-launches-super-app-union-nxt-to-invest-rs-1000-crore-in-tech-in-fy23-8325641.html?utm_source=telegram&utm_medium=social
Moneycontrol
Union Bank launches super app 'Union Nxt', to invest Rs 1,000 crore in tech in FY23
The bank is looking to invest nearly Rs 1,000 crore in building and upgrading its digital technology in the present fiscal, as per management.
A group of #fintechs have smelled an opportunity in the financial services market that focus on children, which is largely under-penetrated.
What is this about? 🤔 Know the details 👇
https://www.moneycontrol.com/news/business/catch-em-young-fintechs-now-eye-the-under-21-category-8529921.html?utm_source=telegram&utm_medium=social
What is this about? 🤔 Know the details 👇
https://www.moneycontrol.com/news/business/catch-em-young-fintechs-now-eye-the-under-21-category-8529921.html?utm_source=telegram&utm_medium=social
Moneycontrol
Catch ’em young: Fintechs now eye the under-21 category
A group of fintechs have smelled an opportunity in the financial services market that focus on children, which is largely under-penetrated. Many firms like Muvin and Pencilton have already launched products like pre-paid cards, and many have either raised…
A group of #fintechs have smelled an opportunity in the financial services market that focus on children, which is largely under-penetrated. 👦
What is this about? 🤔 Know the details 👇
https://moneycontrol.com/news/business/catch-em-young-fintechs-now-eye-the-under-21-category-8529921.html?utm_source=telegram&utm_medium=social
What is this about? 🤔 Know the details 👇
https://moneycontrol.com/news/business/catch-em-young-fintechs-now-eye-the-under-21-category-8529921.html?utm_source=telegram&utm_medium=social
Moneycontrol
Catch ’em young: Fintechs now eye the under-21 category
A group of fintechs have smelled an opportunity in the financial services market that focus on children, which is largely under-penetrated. Many firms like Muvin and Pencilton have already launched products like pre-paid cards, and many have either raised…
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#GFF2022: Here are the key highlights of the day
✴️#SEBI chief Madhabi Puri Buch shares the checklist for #fintechs from the regulator's standpoint to become compliance ready.
✴️Fintechs need to ‘live' compliance, knowing regulations is not enough, Axis Bank MD & CEO Amitabh Chaudhry said.
📹 Watch the video to know more
✴️#SEBI chief Madhabi Puri Buch shares the checklist for #fintechs from the regulator's standpoint to become compliance ready.
✴️Fintechs need to ‘live' compliance, knowing regulations is not enough, Axis Bank MD & CEO Amitabh Chaudhry said.
📹 Watch the video to know more
#MCTech3: Top #tech and #startup news this evening
✳️ Lack of transparency costs influencers
✳️ Why #fintechs are chasing PA licenses
✳️ #CharlieMunger says #crypto fans are idiots
Sign up for the newsletter 👇🏻
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✳️ Lack of transparency costs influencers
✳️ Why #fintechs are chasing PA licenses
✳️ #CharlieMunger says #crypto fans are idiots
Sign up for the newsletter 👇🏻
https://bit.ly/3XvPDF3
Moneycontrol
Tech3 | Charlie Munger says crypto fans are idiots; Lack of transparency costs influencers; and more
In today's Tech3 newsletter, lack of transparency costs influencers; why PA license is significant for fintechs