The Global Fintech Fest (GFF) is a premier annual fintech conference organised by the Payments Council of India (PCI), the National Payments Corporation of India (NPCI), and the Fintech Convergence Council (FCC). The 5th edition of GFF, held in Mumbai from August 28-30, 2024, was a major expansion from previous years, centred around the theme …
“A Finance worker pays out $25 million after video calls with a deep fake CFO” read the CNN report on February 4, 2024. A Hong Kong-based firm sent US$25 million to a fraudster after an employee was instructed to do so by the Chief Financial Officer through a video call. Interestingly, other colleagues of the …
It is often said that having a DUNS number can open doors to new business opportunities and enhance a company’s credibility in the marketplace. But what is a DUNS Number? DUNS Numbers: A Universal Business Identifier A DUNS Number is a unique nine-digit identifier assigned to a single business entity. Created by Dun & Bradstreet …
A Quick Response Code (QR Code) is a popular type of two-dimensional barcode. It encodes alphanumeric information. To decode this, one can either use a handheld scanner or even a QR Code scanning application on a smartphone. In 1994, a Japanese commercial enterprise, Denso Wave Corporation built the Quick Response Codes for vehicle tracking and …
As the general elections approach, investors and market enthusiasts are keenly watching how the Nifty Bank index will perform. Historically, the Nifty Bank has shown positive returns following general elections. Let’s delve into the performance of Bank Nifty during the past elections from 2004 to 2019 and see if this trend might continue. What is …
India has been among one of the leading producers and consumers of milk. This makes India’s dairy industry a significant component of the economy, supporting millions of livelihood and contributing to Gross Domestic Product (GDP). In the financial year (2022-23), India’s dairy industry produced over 230.58 million metric tonnes of milk. India’s Dairy Market size …
Over time, fathers have always been there to support us during our wobbly moments – whether we are taking our first steps, struggling to learn cycling or trying to manage our finances. Their valuable insights have always helped us get through various hurdles. As a celebration, let’s understand how their views and guidance shaped the …
Celebrated on 3rd June every year, World Bicycle Day is our reminder to choose the most efficient and environmentally friendly mode of transportation whenever possible. It is a day that highlights the importance of bicycles and promotes sustainable transport, improved fitness, and reduced carbon footprints. In this article, let’s look at the history, trends, past …
Introduction Every year, on May 31st, the world observes Anti-Tobacco Day, a day dedicated to raising awareness about the harmful effects of tobacco on health. While the focus is primarily on the physical consequences, it’s crucial to recognise the significant financial ramifications associated with tobacco use. From direct expenses on cigarettes to indirect costs such …
What is KYC and Why is it Important? “Know Your Customer” (KYC) is a foundational element in financial markets, designed to prevent money laundering and other illegal activities. The Prevention of Money Laundering Act (PMLA) and sector-specific regulations set guidelines for robust KYC frameworks. These guidelines ensure financial markets operate securely while allowing for easier …
