RBI investigates blockchain for financial applications in India

RBI examines blockchain opportunities for India

The Institute for Development and Research in Banking Technology (IDRBT), set up by the Reserve Bank of India (RBI), has recently issued a whitepaper, “Applications of Blockchain Technology to Banking and Financial Sector in India”. We summarise the report and highlight the key findings.

The Monday mindset: 16 January 2017

Banking Tech 2

Fintech zeitgeist! Welcome to the first in a new series of brief reports. Every Monday, we might look back at last week; look ahead to this week; share a few thoughts (our own or others); or discuss anything that catches our eye. Anything goes, so here goes. Rome versus Carthage. Britain versus France. History shows […]

Yes Bank opens fintech accelerator programme for start-ups

SBI to launch digital-only bank in India

India’s Yes Bank is inviting fintech start-ups to take part in its Yes Fintech Accelerator Programme. The application process is open until 2nd February 2017.

Airtel Payments Bank launches in India


Airtel Payments Bank, India’s “first” payments bank, has started national operations with services now live across the country. As Banking Technology reported in July 2016, telecoms giant Airtel was planning its own bank. It says it is a “fully digital and paperless” bank, and from today (12 January), over 250,000 neighbourhood Airtel retail stores across […]

“Humanoid” Ira to assist customers in HDFC Bank branches

Nitin Chugh, country head of digital banking at HDFC Bank, and Ira

India-based HDFC Bank is about to introduce its first “humanoid” branch assistant – Ira. The human-sized robot was built together with artificial intelligence (AI) company Asimov Robotics.

Axis first bank in India to use Ripple’s blockchain network

Axis Bank

Axis Bank has become the first bank in India to use Ripple’s blockchain network for cross-border payments. The bank, the third largest in the private sector, will use the network for real-time settlement as it targets future growth. Amit Sethi, president and CIO at Axis Bank, says: “We will come out with solutions for our […]

Digital officers of India, unite!

Digital officers of India, unite!

A group of senior executives in India’s digital sector are looking to create a group of chief digital officers (CDOs) or equivalent in the country.

State Bank of India to launch digital bank, SBI Digi Bank

SBI to launch digital-only bank in India

State Bank of India (SBI) is working on its own digital bank – SBI Digi Bank – which it plans to launch in the next three to six months.

ICICI Bank and HDFC Bank embrace social media

Banking comes to social media in India

ICICI Bank goes for Twitter, while HDFC Bank banks on Facebook Messenger.

NCDEX live with new trading and surveillance software, NextGen

NCDEX modernises tech

India-based National Commodity and Derivatives Exchange (NCDEX) has launched NextGen – a new trading and surveillance system developed by MillenniumIT (a trading tech subsidiary of London Stock Exchange).