This week in artificial intelligence regulation finds China, India and the global banking sector grappling with the need for comprehensive AI regulation as the influence of technology grows. Experts emphasize the importance of balancing innovation with consumer protection, while financial institutions leverage AI to streamline...
The head of India’s central bank is warning about AI use in financial services. Reserve Bank of India Governor Shaktikanta Das said Monday (Oct. 14) that the increased usage of artificial intelligence (AI) and machine learning in the financial world can trigger stability risks, requiring proper risk...
Trinidad and Tobago is working with a subsidiary of NPCI, the developer of India’s Unified Payments Interface (UPI), to implement a similar solution in the Caribbean nation. NPCI International Payments Ltd., a wholly owned subsidiary of NPCI that’s devoted to the deployment of UPI outside of India,...
Indian eCommerce giant Flipkart is getting into the reCommerce business. The company on Wednesday (Sept. 25) introduced “Flipkart Reset for Business,” a mobile app designed to help small and big sellers of refurbished products across the country to connect with last-mile customers. “The demand for refurbished products is surging,...
October 16, 2024
This week in artificial intelligence regulation finds China, India and the global banking sector grappling with the need for comprehensive AI regulation as the influence of technology grows. Experts emphasize the importance of balancing innovation with consumer protection, while financial institutions leverage AI to streamline compliance processes amid increasing regulatory pressures. As artificial intelligence continues […]
January 09, 2024
As the new year begins, the global demand for faster, streamlined transactions continues to fuel the expansion of real-time payments worldwide. Countries are employing diverse approaches to developing, deploying and...
December 04, 2023
India, traditionally reliant on cash, embarked on a digital payments journey 15 years ago. The process was marked by key milestones like the introduction of the instant Unified Payments Interface...
August 18, 2023
Payments innovation and digital-first shopping in India is a success story 15 years in the making. Its success can serve as a global playbook for creating an inclusive payments, commerce...
October 25, 2024
Russian President Vladimir Putin reportedly said Thursday (Oct. 24) that there are no plans to create a new system for cross-border payments between BRICS countries. Speaking at a summit of BRICS countries — which include Brazil, Russia, India, China and South Africa — Putin said the existing financial messaging systems run by BRICS central banks […]
October 14, 2024
The head of India’s central bank is warning about AI use in financial services. Reserve Bank of India Governor Shaktikanta Das said Monday (Oct. 14) that the increased usage of artificial intelligence...
September 27, 2024
Trinidad and Tobago is working with a subsidiary of NPCI, the developer of India’s Unified Payments Interface (UPI), to implement a similar solution in the Caribbean nation. NPCI International Payments Ltd., a...
September 25, 2024
Indian eCommerce giant Flipkart is getting into the reCommerce business. The company on Wednesday (Sept. 25) introduced “Flipkart Reset for Business,” a mobile app designed to help small and big sellers of refurbished products...
