Global Fintech Fest: FM launches foreign currency settlement system; India accounts for ‘half of world’s real-time digital transactions’
Finance Minister Nirmala Sitharaman launched GIFT City’s foreign currency settlement system, enabling local settlement of international transactions. She also highlighted India’s AI advancements and the ...
‘Traditional banks losing share to fintechs globally’
Traditional banks in India face increasing competition from agile, tech-driven rivals, impacting their revenue share despite overall sector growth. Fintechs, private credit funds, and digital-native ...
