BFSI

The industry seems to be upbeat about the government push to launch multiple data analytics, AI, ML-driven models for e-security, e-education, e- consultation, and compliance management.

While encouraging initiatives such as PIDF by RBI have already been announced, in the upcoming Union Budget, we expect the government to announce a subsidy on MDR and POS devices.

IDBI Intech (Intech), a wholly-owned subsidiary of IDBI Bank, said that it has appointed Suresh Khatanhar as the new Chairman of its Board.

Restoring normal MDR on transactions will incentivise the digital ecosystem and facilitate a smoother growth trajectory towards innovation, says Anand Kumar Bajaj, Founder, MD & CEO, PayNearby.