“On Thursday, eight Indian banks announced that they are rolling out — or about to roll out — a system called Account Aggregator to enable consumers to consolidate all their financial data in one place. (Participant banks are HDFC, Kotak, ICICI, Axis, SBI, IndusInd, IDFC and Federal. Four of them are rolling out the system…
Tag: India
Tiger Global leads $100 million investment in Indian social commerce DealShare
“The startup began as an e-commerce platform on WhatsApp, where it offered hundreds of products to consumers. It didn’t take long before a major consumer spending pattern was visible, Rao said. People were only interested in buying items that were selling at discounted rates, said Rao. Consumers wanted products that were relevant to them and…
Indian beauty e-commerce Purplle raises $45 million
“Eight-year-old Purplle.com, which counts Goldman Sachs among its investors, says it sells nearly 50,000 products from over 1,000 brands. The startup said it has amassed 7 million monthly active users.” https://www.google.com/amp/s/techcrunch.com/2021/03/22/indian-beauty-e-commerce-purplle-raises-45-million/amp/
BANKING OF TOMORROW: TOP INDIAN BANKS USING ARTIFICIAL INTELLIGENCE
“State Bank of India – Developed by an AI banking platform Payjo, this smart chat assistant is equipped to handle nearly 10,000 enquiries per second or 864 million in a day, which is almost 25% of the queries are processed by Google each day, reports noted. HDFC – Built by Bengaluru-based Senseforth AI Research, Eva…
Top Online Banking Mobile Apps in the Indian Fintech Market
“The Indian smartphone market is growing exponentially with over 1200 million active users. The Indian private banking sector is at the forefront of AI ML adoption for fintech services for banking and insurance. Here are some of the top online banking mobile apps in India…” Top Online Banking Mobile Apps in the Indian Fintech Market