In an era where digital banking is pivotal to everyday financial transactions, HDFC Bank and Axis Bank have announced a temporary suspension of their digital services due to scheduled maintenance. This significant move is aimed at enhancing the performance, reliability, and security of their
The repercussions of data security lapses become apparent as the widely used mobile payment platform Cash App, owned by Block Inc., navigates a significant class action settlement. A $15 million legal settlement has been finalized after the exposure of sensitive user data between 2018 and 2024
February 2025 has become a remarkable period in the fast-paced world of financial technology, marking significant shifts that are redefining FinTech’s landscape. With the rise of embedded finance, decentralized finance (DeFi), and the increasing sophistication of artificial intelligence, this month
The transformation towards a digital payment landscape is gaining momentum globally, but Nigeria stands out as a notable leader in this shift. Over the years, it has markedly reduced its cash usage, projecting a continued decline towards a cashless economy in the foreseeable future. The transition
In the heart of Asia's bustling financial hubs, banks are undergoing significant transformations driven by technological advancements and shifting regulatory landscapes. This transition is crucial for Chief Operating Officers (COOs), who are at the forefront of adopting innovations to enhance
The realm of healthcare payments is in urgent need of modernization, driven by the growing complexity and inefficiency of existing systems. Historically, these systems have been riddled with outdated processes, creating barriers to effective communication and timely reimbursement across stakeholder
