Saturday, September 26

Banking, Finance, Insurance

Federal Bank Offers EMI on Debit Cards for Purchase of Two Wheelers
Banking, Finance, Insurance, News

Federal Bank Offers EMI on Debit Cards for Purchase of Two Wheelers

Mumbai, Sept. 22, 2020: Federal Bank introduces EMI facility for holders of Federal Bank Debit Cards to purchase two wheelers. Eligible customers of Federal Bank can own their favorite two wheeler by making a payment of ₹ 1/- at 947 showrooms of Hero MotoCorp, Honda Motorcycle and TVS Motor. The financing process involves no paper work or bank visit and is done completely online. Unlike conventional two-wheeler loans, hypothecation in favor of the Bank is not required for vehicles purchased on Debit Card EMI from Federal Bank. Customers can choose a repayment period of 3/6/9/12 months. There is no processing fee charged on loans under this scheme. Customers who purchase two wheelers from 793 Honda Motorcycle showrooms across the country availing EMI on Debit Card from Federal Bank will...
SBI Card Partners with Google to Enable Payments through Google Pay
Banking, Finance, Insurance, News

SBI Card Partners with Google to Enable Payments through Google Pay

Mumbai, Sept. 21 2020: SBI Card today announced its collaboration with Google to enable cardholders to use their SBI Credit Cards on the Google Pay platform. SBI Credit Card users will now be able to make card payments using Google Pay app on their Android smartphones. Cardholders can make safe and secure payments using Google Pay in three modes- via Tap and Pay at NFC enabled PoS terminals, by scanning Bharat QR code at the merchant as well as online payments, without using the physical credit card. This launch is in line with SBI Card’s endeavour to promote zero contact, digital forms of payments for a safe and enhanced customer experience. A highly secure payment experience is enabled through tokenisation, whereby cardholders use Google Pay to pay through a digital token attache...
Loan@Home Ticket Size 6 Times Compared to Branch Loan: Muthoot Finance
Banking, Finance, Insurance

Loan@Home Ticket Size 6 Times Compared to Branch Loan: Muthoot Finance

New Delhi, Sept. 18, 2020: Muthoot Finance had launched Loan@Home in June to address the health & safety aspect as well as to overcome mobility challenges of the customer during the pandemic. Through this service, the company executive visits the customer’s location, does the due diligence of gold ornaments on-the-spot and credits the gold loan amount to customer’s bank account via a secure, safe & speedy process without the customer having to step out of his/her home even once. The executive clocks less than 30 minutes at the customer’s location and procedure has been aligned to reduce loan processing time even further than before. To boost digital usage, Muthoot Finance has also been incentivizing customers with a cashback scheme that service interest payments onl...
Vital Launches Next-Gen Group Health Plans for SMEs
Banking, Finance, Insurance, E-Commerce

Vital Launches Next-Gen Group Health Plans for SMEs

New Delhi, Sept. 14, 2020: Vital, an online health and wellness marketplace and insurance provider, today launched its group health insurance plans (in collaboration with leading insurers) that provide next-gen employee health benefits packaged into Comprehensive Health Plans. These plans are specifically designed to cater to small and medium business owners in India who are looking to secure their employees’ health with affordable and all-inclusive healthcare packages. At a time when health concerns have taken the front seat in our lives, health plans like these are a great way for organizations to give their employees one less thing to worry about for sure. Vital’s Group Health Insurance plans also have convenient payment options that include monthly premiums starting from INR 199 pe...
OkCredit and Delhi Capitals Join Hands to Empower Small Businesses
Banking, Finance, Insurance, Sports

OkCredit and Delhi Capitals Join Hands to Empower Small Businesses

New Delhi, Sept. 07, 2020: OkCredit has announced its partnership with Delhi Capitals (DC)as their principal Sponsor for the upcoming season thirteen of the Indian Premier League (IPL), starting on 19th September 2020 in UAE. During the tournament, OkCredit will be known as the ‘Official Digital Credit Ledger’ of Delhi Capitals. Through this association, OkCredit will endeavour to leverage its journey of digitizing the micro and small business landscape in India amongst the huge fan base of the team and tournament. OkCredit is also supporting Delhi Capitals in getting ‘Vocal for Local’ by empowering various small and iconic retail businesses across the city with their simple to use digital solutions. As part of ‘Vocal for Local’ campaign, Delhi Capitals will tell stories of some...
Religare Health Insurance Rebrands as Care Health Insurance
Banking, Finance, Insurance

Religare Health Insurance Rebrands as Care Health Insurance

MUMBAI, September 02, 2020: Religare Health Insurance today rebrands itself as Care Health Insurance. Despite the name change, all service and product offerings remain the same, backed by the founding management team and reflecting its high standards of customer-centricity. Care Health Insurance has been offering health insurance products to corporate employees, individual customers and for financial inclusion. The rebranding is aimed at further building on opportunities to deliver the best possible ‘Care’ to its consumers. As earlier, Care Health Insurance will keep investing in and effectively deploying technology in delivering excellence in customer servicing, product innovation and value-for-money services. Care Health Insurance will continue offering products in the re...
AAFM Announces Collaboration with Fintso
Banking, Finance, Insurance, Business

AAFM Announces Collaboration with Fintso

NEW DELHI, August 26, 2020: The American Academy of Financial Management India (AAFM India) through AAFM® FINANCE CLUB announced a tie-up with Fintso, the B2B2C Fintech platform for financial entrepreneurs and independent financial advisors that service the Indian wealth management sector. AAFM is the global professional organization that offers exclusive certified designations, charters, and master’s certification to candidates who meet the AAFM® USA high standards. The entity is a certification body that is TUV Accredited, ISO 9001 & 29990 certified. This move by Fintso is aimed towards upgrading the skillset of Financial advisors to enable them deliver prominent services to their clients. Rajan Pathak, Co-Founder and Managing Director of Fintso elaborated on the collaborati...
Max Life Insurance Announces Partnership with RCB
Banking, Finance, Insurance, Sports

Max Life Insurance Announces Partnership with RCB

NEW DELHI, August 27, 2020: Max Life Insurance Company Ltd. (“Max Life” / “Company”) today announced its official partnership with Royal Challengers Bangalore (RCB) for the upcoming Indian Premier League (IPL) T20 season. As part of the partnership, Max Life will be the official life insurance partner of the Royal Challengers Bangalore (RCB) team for the second consecutive year. In addition to being the team’s official life insurance partner, Max Life is also among the apparel partners for RCB for the 13th edition of Indian Premier League T20. While every year IPL sees a wide range of commercial partnerships across teams, there have been limited partnerships that highlight important life events such as life risks through an associat...
Paytm Payments Bank Enables Banking Services through Aadhar Cards
Banking, Finance, Insurance, News

Paytm Payments Bank Enables Banking Services through Aadhar Cards

Mumbai, August 24, 2020: Paytm Payments Bank Ltd (PPBL) recently announced that it has enabled banking services through Aadhar Cards by integrating Aadhaar enabled Payment System (AePS). PPBL’s customers can now access to basic banking services such as cash withdrawal, balance enquiry and obtain a mini statement through the business correspondent of any banking & financial institution in the country. Soon, features like cash deposit, interbank fund transfer, etc. will also be made live. This will benefit people in rural & semi-urban areas who have limited access to the physical bank branch and ATM.   Paytm Payments Bank - Aadhaar Enabled Payment System AePS is an NPCI-led model which allows online interoperable financial inclusion transaction at PoS (Micro ATM) thr...
Leveraging Technology to Become Agile in the Face of FDIC 370 Mandate
Banking, Finance, Insurance, Column

Leveraging Technology to Become Agile in the Face of FDIC 370 Mandate

Author: Sanjay Bajaj, Senior Vice President, BFSI, Birlasoft The FDIC 370 mandate calls for massive transformation in banks' governance and data collation capabilities. With a stringent deadline in place, digital intervention is essential to help banks meet compliance standards. At Birlasoft, we believe that a flexible reporting solution holds the key.  The recent spate of regulatory changes announced by the Federal Deposit Insurance Corporation (FDIC) calls for a large-scale transformation in banking processes. Last year, the FDIC introduced Part 370 of its rules and regulations for "Recordkeeping for Timely Deposit Insurance Determination." Specifically, it brings large banks under the ambit of the new law. The core purpose of Part 370 is to help FDIC fulfill its two mandates ...