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New payments bank launched in India, Fino Payments Bank

India

India has seen the launch of its fourth payments bank, Fino Payments Bank. For its core banking system, the bank uses Profile from FIS, delivered on a hosted basis.

Six Startupbootcamp stars secure sweet deals in India

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Six graduating start-ups from Startupbootcamp FinTech Mumbai have secured pilots with banks and corporates such as RBL Bank, ICICI Bank and State Bank of India (SBI). At Startupbootcamp’s demo day at the Royal Opera House in Mumbai, 11 start-ups showcased technologies in financial services to more than 400 guests. Propositions included SME banking, blockchain, digital […]

Indian city launches five fintech start-up challenges

India

The Indian city of Visakhapatnam, the commercial capital of Andhra Pradesh, has launched five start-up challenges in its quest to become a national and global hub for fintech. The big plan is to build an ecosystem including start-up entrepreneurs, innovators, incubators, investors and academia. Several start-ups including Paytm, Blocktrust, Knolskape, Transaction Analyst, GMS, ValueLabs have […]

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.

Millions at risk from India ATM hack

India

ATMs at some of India’s biggest banks have suffered a malware attack, with around 3.2 million debit cards now at risk. Most of the affected cards belong to HDFC Bank, ICICI Bank, State Bank of India (SBI) and Yes Bank. The malware potentially means unauthorised individuals can get access to the data on debit cards […]

Infosys blockchain powers ICICI Bank and Emirates NBD trade finance ops

Blockchain

ICICI Bank and Emirates NBD say they have successfully executed the “first” banking transactions using blockchain in international trade finance in India and the UAE respectively. The development saw the exchange and authentication of remittance transaction messages as well as original international trade documents related to purchase orders, invoices, shipping and insurance, among others, electronically […]

ICICI and Axis first Indian banks to join Swift payments initiative

Swift logo

ICICI Bank and Axis Bank are the first Indian banks to sign up for Swift’s global payments innovation initiative. Swift says both of them will be joining forces with more than 70 other banks globally. The initiative aims to “enhance” cross-border payments by using its messaging platform. In its first phase, the initiative will focus […]

ICICI Bank launches mobile banking app competition with Visa

Icici-bandra_kurla_complex

India’s ICICI Bank has launched an ‘ICICI Appathon’ as it looks for innovations in mobile banking apps. The bank wants participants in India to create new APIs in five different categories – retail banking, corporate banking, treasury, ‘ICICI Group’ (such as insurance and securities), and ‘Partner APIs’. The latter comprises Visa and National Payments Corporation […]

ICICI Bank India launches Twitter banking

ICICI Bank has

India’s ICICI Bank has launched a new banking service for Twitter, ICICIbankpay, which allows customers to transfer money to anyone in the country who has a Twitter account. Customers can also check their account balance, view the last three transactions and recharge prepaid mobile. The service follows the bank’s earlier moves into social media, which included launching a Facebook banking app in September 2013, and is aimed partly at broadening access to financial services.

ICICI Bank unveils Indian mobile app quartet

India's ICICI has rolled out four new mobile apps

India’s ICICI Bank has launched four new mobile banking apps, as part of a drive to adopt digital channels and spread into India’s vast rural hinterland.

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