ESAF Small Finance Bank Partners with Getepay to Deploy Vega, a Next-Gen Payment Switch

In a move that reinforces India’s digital payments revolution, ESAF Small Finance Bank (ESAF Bank) has partnered with Getepay to deploy Vega, the fintech firm’s next-generation payment switch. The collaboration aims to elevate transaction speed, scalability and security across ESAF’s digital infrastructure, marking a new chapter in inclusive and technology-driven banking. Developed by Getepay, Vega…

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Financial Markets: Prime Targets in Cyber Warfare

Financial markets, particularly stock exchanges, are increasingly becoming prime targets for cyber adversaries, both during peacetime and in periods of geopolitical tension. The National Stock Exchange (NSE) of India exemplifies this vulnerability, facing a staggering 150 to 170 million cyberattacks daily. During ‘Operation Sindoor,’ NSE saw these attacks escalate to 400 million in a single…

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FatakSecure Secures IRDAI Licence to Expand Inclusive Insurance Across India

FatakSecure, the insurance arm of FinTech innovator FatakPay, has received official approval from the Insurance Regulatory and Development Authority of India (IRDAI) for its composite Corporate Agent License. This regulatory milestone marks a significant step in FatakPay’s mission to deliver accessible, customer-centric insurance solutions, particularly for underserved and digitally emerging communities across India. With the…

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PayGlocal enables Indian merchants to accept Apple Pay for global payments

PayGlocal, an Indian cross-border payments company, has added Apple Pay to its international checkout, allowing Indian merchants to accept payments from customers around the world. The integration provides businesses with a widely recognised and trusted payment option, addressing a common challenge in cross-border commerce: offering payment methods familiar to international buyers. This addition helps reduce checkout drop-offs,…

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When Airports Go Dark: Insights from the Collins Aerospace Ransomware Incident

On September 20, 2025, European air travel faced one of its most significant technology-driven crises in recent memory. A ransomware attack on Collins Aerospace, a key third-party provider of aviation software, disrupted operations across multiple major airports, including London Heathrow, Brussels, Berlin Brandenburg, Dublin, Cork and London City. The attack resulted in flight delays, cancellations,…

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Climate Risk and Indian Agriculture: Why Crop Insurance Must Evolve Into a Full Risk Management System

In July 2025, large parts of Punjab faced devastating floods that submerged paddy fields, washed away infrastructure, and disrupted rural livelihoods. For a state often described as India’s “grain bowl,” this was more than a natural disaster, it was a financial crisis. Banks and cooperative societies braced for repayment delays, traders saw working capital dry…

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Managing Reputational Risks: A Survival Blueprint for BFSI, Corporates, and SMEs

In an era where information travels faster than strategy, reputation has become the most fragile yet most valuable asset an organization possesses. Whether in banking, insurance, manufacturing or technology, reputation defines stakeholder confidence, customer loyalty, and investor trust. For India’s 6.3 crore small and medium enterprises (SMEs), as well as large corporates, reputational capital often…

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AMFI Leadership Transition Signals Next Phase of India’s Mutual Fund Revolution Amid Record Industry Growth  

The Association of Mutual Funds in India (AMFI), the industry body representing all SEBI-registered Asset Management Companies (AMCs) announced the election of its new Chairman and Vice Chairman on September 4, 2025. Mr. Sundeep Sikka, Executive Director & Chief Executive Officer, Nippon Life India Asset Management Limited, has been elected as Chairman, while Mr. Vishal…

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From Savings to Scams: How Mule Accounts Turned Deposits into BFSI’s New Operational Risk

For years, Indian banks treated deposit operations as relatively “safe” compared to the messy world of loan books. That comfort is gone. A surge in mule accounts, legitimate bank accounts commandeered or rented to launder proceeds of cybercrime has shifted operational risk from loans to deposits. Senior bankers are tightening KYC and continuous due diligence…

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