Digital Financial News

10.08 / 11:31

Digital Bank of England recruits academics to advise on digital pound design

The UK central banks says the AAG will bring together experts from a range of disciplines related to its work on the digital pound, including monetary policy, finance, competition economics, industrial organisation, behavioural science, law, innovation theory, marketing, and business.In a statement, the Bank says: "In February 2023, the Bank of England and HM Treasury jointly issued a Consultation Paper setting out an assessment of the motivations and design choices for a potential digital pound. While no decision has been made, that paper signalled that the digital pound is likely to be needed in the future, so our work will now move onto a 'design phase'.

10.08 / 11:27

Digital Bank of England recruits academics to advise on design phase of digital pound

10.08 / 10:57

Digital Manufacturing performer Pidilite Industries Q1 Results: Net profit jumps 32% to ₹474 crore; revenue rises 5.6% YoY

Pidilite Industries, the adhesives manufacturer, on Thursday reported a strong growth of 31.5% in its net profit for the quarter ended June 2023 at ₹473.7 crore from ₹357.5 crore in the year-ago period. The company’s consolidated revenue in Q1FY24 rose 5.6% to ₹3,275.1 crore from ₹3,101.1 crore, YoY. On a standalone basis, net sales at ₹2,952 crore grew by 6% over the same quarter last year.

10.08 / 10:17

Dogecoin Ethereum Waves Twitter Digital Action show Clown Token Takes Off Overnight with 25,750% Gains But Crypto Whales Say It's a Scam – Here's the Coin They're Accumulating Instead

As DEX token continue to dominate big market moves, ClownCoin (CLOWN) has become the latest entrant to undertake a skyrocket pump after a magnificent +25,750% launch last night.

10.08 / 09:47

COST Digital Citizens SENSEX jio financial Financial Jio Financial shares credited to Demat accounts of RIL shareholders. All eyes on listing date

Jio Financial Services (JFSL), the date of which has not yet been announced, shares of the demerged company were credited to demat accounts of eligible shareholders of Reliance Industries (RIL) on Thursday. As part of the demerger of RIL's financial services business, RIL shareholders as of the record date of July 20 have been rewarded with one share of JFSL for every share of RIL owned.

10.08 / 09:47

Digital Mobile country RBI announces slew of measures to drive growth of UPI-based payments

RBI) Thursday announced a slew of measures to further propel the growth of UPI- based payments including the launch of conversational payments on UPI, allowing Near Field Communication (NFC) technology to facilitate offline transactions and enhancing limits on small-value payments. «As Artificial Intelligence (AI) is becoming increasingly integrated into the digital economy, conversational instructions hold immense potential in enhancing ease of use, and consequently reach, of the UPI system,» RBI Governor, Shaktikanata Das said in his post monetary policy statement.

10.08 / 09:29

Digital Amazon Platform Gap voice NPCI is building voice bots for UPI Payments; to go live in a couple of months

NPCI) is building a voice bot based interactive system for Indian consumers to make payments via UPI. The system should go live in the next two to three months, two bankers in the know told ET. The idea is to build an Amazon Alexa type voice system into which payment apps and banks can integrate.

10.08 / 09:29

Digital Platform Mobile SBI Card enables RuPay credit cards on UPI: Here is how to link

SBI Card and National Payments Corporation of India (NPCI) have announced the linking of SBI credit card on RuPay platform with UPI starting from August 10, 2023. This announcement was made a via press release issued on August 10, 2023. Customers of SBI Cards will be able to use their credit cards issued by RuPay to conduct UPI transactions. By registering the credit card with third-party UPI apps, the capability can be used. The credit card must be registered with third-party UPI apps in order to use the capability.

10.08 / 08:43

Digital Amazon Platform show stage Shiba Inu (SHIB) and Polygon (MATIC) Investors Gravitate Towards Borroe’s ($ROE) Rise

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

10.08 / 08:41

COST UPS Digital Platform Digi RBI's lending innovation: Can't prove creditworthiness? Now you will still get a loan

RBI Governor Shaktikanta Das, while speaking on the decision of the bi-monthly Monetary Policy Committee meeting today, said that a Public Tech Platform for Frictionless Credit delivery is being developed by the Reserve Bank Innovation Hub (RBIH) for end-to-end digital lending processes. The RBIH is a wholly owned subsidiary of the RBI set up to promote and facilitate an environment that accelerates innovation across the financial sector.

10.08 / 06:55

UPS Citi CBDC Digital Citizens stage Ruble week 600 Russians to Trial CBDC Next Week – Digital Ruble Pilot Begins

The Russian digital ruble pilot proper will begin next week, says the country’s Central Bank, with 600 citizens set to become the first people in the nation to use the CBDC.

10.08 / 06:17

COST UPS Provident Digital Platform Interface boost RBI to develop platform to boost seamless digital loans amid burgeoning Fintech players

The innovative platform intends to facilitate the effortless provision of credit by ensuring a smooth transmission of necessary digital data to lenders, the Reserve Bank of India said. The digital platform will have an open structure, open Application Programming Interfaces (APIs) and standards, enabling all participants in the financial sector to effortlessly link up using a 'plug and play' model. The platform is poised to be introduced as a pilot project with a carefully measured approach, both in terms of access to information providers and use cases.

10.08 / 06:17

Provident Digital Citizens Landmark Platform country social India passes data protection legislation in Parliament. Critics fear privacy violation

Indian lawmakers have approved a data protection legislation that “seeks to better regulate big tech firms and penalize companies for data breaches” as several groups expressed concern over citizens’ privacy rights

10.08 / 06:11

UPS Provident Target Digital Progressive Align country RBI MPC Meeting August 2023. Full text of RBI Governor Shaktikanta Das' address

repo rate is the rate of interest at which RBI lends to other banks. "As we celebrate India’s 77th Independence Day in a few days, I am happy to note that the Indian economy is exuding enhanced strength and stability despite the massive shocks to global economy in recent years. Our economy has continued to grow at a reasonable pace, becoming the fifth largest economy in the world and contributing around 15 per cent to global growth.

10.08 / 05:33

UPS Digital 500 Now, pay up to Rs 500 via UPI Lite without PIN; transaction limit up from Rs 200: RBI

UPI Lite to Rs 500 from Rs 200 on August 10, 2023. While announcing the decisions of Monetary Policy Committee, RBI Governor Shaktikanta Das said, «With the objective of harnessing the new technologies for enhancing digital payments experience for users it is proposed to 1) Enable conversational payments on UPI which will enable the users to engage with Artificial Intelligence powered systems to make payments; 2) Using offline payments in UPI using near field communication technology through UPI Lite on-device wallet; 3) Enhance the transaction limit of small value digital payments in offline mode to Rs 500 from Rs 200 within the overall limit of Rs 2,000 per payment instrument.

10.08 / 04:03

Digital Man dividend Dividend Stocks: Alkem Laboratories, Goa Carbon among 17 stocks to trade ex-dividend today - August 10

Alkem Laboratories, Jubilant Ingrevia, Goa Carbon, Linde India, Aditya Vision are among companies that will be in focus on Thursday as they will trade ex-dividend today. A total of seventeen stocks will trade ex-dividend today. The ex-dividend date is the day on which the price of an equity share adjusts to reflect the next dividend payout.

10.08 / 04:01

UPS Digital Platform Action Enterprise electronic Early-stage VC fund Antler India launches ONDC-focused platform for founders with FIDE, Nandan Nilekani

Antler India on Wednesday announced a platform to support and fund founders working with the government-backed Open Network for Digital Commerce (ONDC). The platform, touted as the country’s first ONDC platform, was launched in partnership with ONDC, the Foundation for Interoperability in Digital Economy (FIDE), and Infosys chairman Nandan Nilekani.

10.08 / 03:25

Citi Digital Citizens Platform Rise in Chinese Citizens, Firms Using Digital Yuan to Pay Taxes

More Chinese citizens and firms are using the digital yuan, China’s central bank digital currency (CBDC), to pay their taxes, state organs, and government-owned banks have claimed.

10.08 / 00:53

UPS Digital Aware Google Apple country New law on digital competition likely to regulate Big Tech

digital competition law to regulate big tech, said people aware of the matter. The corporate affairs ministry is mulling a separate legislation instead of tweaking the existing Competition Act, which was amended recently, they said. «Given the complexity of the issue and differing views of stakeholders, introducing a bill to this effect will take time.

10.08 / 00:53

Provident Digital Platform social electronic Data Bill to make social media companies accountable, fortify IT industry: IT Minister Ashwini Vaishnaw

DPDP) Bill that the Rajya Sabha cleared on Wednesday will make social media companies operating in India more accountable, boost the business of the IT industry and change the way organisations process data of Indians, minister for electronics and IT Ashwini Vaishnaw said. The exemptions that are given to the government under the proposed law are far fewer than what the European privacy law provides, he told Aashish Aryan & Surabhi Agarwal in an interview. Edited excerpts.How will having a privacy law further cement India’s position as tech powerhouse of the world? It will mean a lot for the Indian IT industry, which will find better traction all over the world.

10.08 / 00:53

Digital Software Celebrity blues Infosys refreshing brand identity to stand out in crowded digital world

Infosys’ blue logo, among the most recognized but understated motifs in India’s emergence as the undisputed global leader in technology outsourcing, is getting a ‘sonic’ makeover to help the software bellwether better engage with its younger staff and business stakeholders. The company recently celebrated its 40th anniversary.

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