Did Demonetization Pressure Tilt Indian Digital Barometer?


The question though is whether it tilted enough, considering the inconvenience caused by demonetization. Digital is important to economy as it brings down cost of transaction, improves efficiency of financial system, increases transparency and transforms customer experience. Replace of more cash by digital and adoption of digital by a wider…

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Tweaking Indian Retail Payment System: Why RBI need to be careful?


RBI recently released a draft policy paper on Indian payment system. The highlight, off-course, is the retail payment segment. NPCI plays a very leading role here, processing nearly 48% of the retail electronic payment transactions (excluding paper) in volume and 15% by value. It manages multiple payment systems, which includes…

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Digital Banking for Dumb


This is a work of fiction and is a humorous take on the digital rush of most banks today. Background: The CEO of a leading retail bank is very happy with the digital transformation that the bank has recently undertaken and wanted to spread the word. “Digi Genie” is our…

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Peer to Peer (P2P) Lending; Salient points from RBI Final Guidelines


RBI released the final set of guidelines for P2P players. This is extremely welcome move and will bring in credibility to this sector. That augurs well for all the participants, including the NBFCs and the borrowers/ lenders accessing these platforms. We had highlighted earlier in our article (India Fintech P2P…

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Privacy & Data Protection: How Safe Are We In Age of Digital?


India is by far the only country which has taken biometric registration of its entire population to near completion. As of 15th August 2017, nearly 1.2 billion Aadhar enrollments have happened which translates into somewhere 87-90% saturation/ population coverage. The uniqueness of Aadhar is that it not only captures basic/…

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The Good War, From Doklam To Digital: Can India Win The Later Against China?


The Doklam stand-off has created lot of heart burns, emotional outbursts, passionate speeches & posturing at both sides. From ‘we are ready for 2.5-pronged war’ to ‘slapping its own face’, the verbal dual has captured many a headline. There has been clamors for blocking Chinese goods as well and many…

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From Data To Analytics: The Arduous Journey For Most Banks


McKinsey1 in one of its very recent article on analytics states “Today, banks have the rare opportunity to reinvent themselves again- with data & analytics”. But the challenge is that many banks are currently saddled with data overdose while being anemic on the analytics. Said in the same breadth ‘data…

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