In the race for becoming the next superpower, India has been proactive in redefining the way ahead – particularly in the financial services sector. For over 200 years, India has been building a formal banking system to cater to dynamic needs of people. However, the hard fact is that the unbanked (or under-banked) populations still…
The year 2017 has been full of exciting product releases, events and surprises from Sesame. Before we bid adieu to 2017, one of the most exciting announcements is latest updates in – Sesame’s Mobile Banking App, MyBank. The new version of MyBank comes with some exclusive features: Multi-lingual UI Customers can now select their preferred…
Ever since the news of linking bank accounts with Aadhar number has been going around, there has been much to debate about. A petition for stay was put up before the Supreme Court of India against the mandate, but the plea has been duly rejected. The deadline to link bank accounts with UIDAI is extended…
Cryptocurrency, Bitcoin and Blockchain are the biggest buzzwords of the year 2017. While people identify cryptocurrency as some form of digital money, most do not really understand the concept in its entirety. To add to the misery, any web search of these words only lands us in an ocean of confusion with cryptic terminologies and…
The cooperative sector has been devoid of many privileges and is always under the scrutiny of Reserve Bank of India (RBI). The reasons for this severity are their inadequate lending practices, rising NPA levels, political funding behind their operations and more. As technology has been evolving and contributing to the developments in banking, cooperative banks…
The FinTech innovations in the recent times have contributed a lot to refine the banking and financial services. They’ve greatly contributed to delivering a more personalised and intuitive banking experience. With such innovations and technological advances uniting with the financial services like digital lending, it is certain that countries like India will be benefited and…
The banking industry is evolving every day. Mobile banking services are transforming from being a service for the tech-savvy to a mass-market provision availed by all customer segments. Moreover, banks have observed the convenience, ease and increased ROI of providing banking services over the mobile platform. Mobile banking service is relatively new, however, it has…