Ankit Gupta

Digital transactions on ONDC will be collateral for credit providers, says T Koshy T Koshy, MD & CEO of Open Network For Digital Commerce (ONDC), shares how digital transaction history will serve as collateral, simplifying loan processes. He also discusses ONDC's journey, key milestones in merchant participation, transaction growth, and how ONDC's network model is transforming digital commerce. In conversation with: Amol Dethe #DigitalTransactions #ONDC #CreditCollateral #DigitalCommerce #NetworkModel #Fintech #TandC #ETBFSI #BFSI Watch here: https://lnkd.in/eqb8uJae

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Fintech and ERP are complementary technologies that work together to automate and streamline financial processes leading to significant process efficiencies in an organization when integrated seamlessly. Thank you, Elets Banking and Finance , grateful for the chance to be a part of this exchange of ideas. #yantrainc #erpimplementation #fintech #integration #ai

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With the introduction of the Unified Payments Interface (UPI) in 2016, India’s financial landscape underwent a significant transformation. Building on this legacy, Swadgram introduces the Unified Distribution Interface (UDI), a groundbreaking model set to revolutionise the distribution landscape in India. Here’s how UDI compares to UPI: Streamlining Complex Systems: UPI simplified digital payments by consolidating transactions through a Virtual Payment Address (VPA) or mobile number, eliminating the need for detailed banking information, making digital payments accessible even in remote areas. Similarly, UDI addresses the complex distribution landscape by integrating online platforms, physical retail, and B2B channels into a unified system, making it easier for brands to manage distribution and operations. Omnichannel Integration: UPI created a single-point solution for payments, delivering seamless transactions across banks, apps, and service providers. Similarly, UDI streamlines operations, enhances customer reach, and simplifies management across various distribution channels. Technology-Driven Efficiency: UPI transformed payments with real-time processing, features like UPI AutoPay and UPI Lite, and the ability to handle high transaction volumes daily. UDI also leverages technological advancements to enhance distribution efficiency, providing real-time data on demand, inventory, and logistics. This enables brands to make informed decisions swiftly and optimise their strategies. Scalability & Adaptability: UPI’s scalability extended from urban centres to rural areas, effectively managing growing transaction volumes. Similarly, UDI is designed to support businesses of all sizes and diverse distribution needs across regions. It allows for efficient scaling without extensive physical infrastructure, adapting to growing demands and new markets. Key Innovations of UDI: - Plug-and-Play Infrastructure: UDI offers an easy-to-integrate platform, connecting brands with existing distribution and marketing networks, thereby lowering entry barriers. - Omni-Channel Integration: Comprehensive integration across all distribution channels ensures efficient operation in both physical and digital spaces. - Data-Driven Decisions: Real-time data and analytics provide actionable insights to optimise operations and respond quickly to market demands. - Global Reach with Local Flexibility: UDI’s design allows it to serve diverse markets while adapting to local conditions, which is crucial in a market like India. UDI is more than a distribution tool; it’s a strategic asset. It enhances brand outreach, optimises marketing strategies, and drives customer engagement. For Swadgram, UDI represents the future of distribution, integrating simplicity, omnichannel access, and innovation to address market complexities. Are you ready to be part of this groundbreaking shift? #Distribution #BusinessGrowth #Swadgram #UDI #FoodAndBeverage #OmniChannel #MarketExpansion

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Celebrating Indian Telugu Heritage Through AI-Powered Poetry Technology is most impactful when it reaches the common person, regardless of their familiarity with specific tools or languages. WhatsApp is a prime example, as it became widely accessible across India, overcoming barriers of technical skills and English language preference. On this Deepavali, inspired by my favorite Telugu poet, Bammera Potana, I experimented with generating Telugu poem through GEN AI. In one of his timeless verses, Potana uses rich Telugu idioms and unique units of measurement to vividly illustrate Trivikrama’s divine form growing, step by step, to fill every corner of the universe. His words evoke not just an expansion in size but a transcendence beyond all boundaries, immersing us in the grandeur of divine power and purpose. Original Poem by Bammera Potana ఇంతింతై, వటుఁడింతయై, మరియుఁ దానింతై, నభోవీధిపై నంతై, తోయద మండలాగ్రమున కల్లంతై, ప్రభారాశిపై నంతై, చంద్రుని కంతయై, ధ్రువుని పైనంతై, మహర్వాటి పై నంతై, సత్యపదోన్నతుండగుచు బ్రహ్మాండాంత సంవర్ధియై Here is one of the most beautiful poems generated by Gen AI, depicting the intense battle between Satyabhama and the demon Narakasura. The verses capture Satyabhama's fearless spirit as she stands beside Lord Krishna, her arrows flying with unwavering precision and courage. Through Telugu idioms and vibrant imagery, the poem illustrates the triumph of righteousness over darkness, honoring Satyabhama's valor and devotion: Telugu Poem written by Gen AI (ChatGPT) భూదేవి గుండెలు దిరె, ఆకాశం సుడులు తిరిగె, సప్తసముద్రాలు జలజల లిగె, సత్యభామమ్మ యోధ రోదనం కృష్ణుని కిరీటమున కాంతి బాణమై వెలిగె, అనంత తేజముతో నరకాసురుని మాయలు వాడిరె, విపులై భస్మమై నిలిచె, విజయ మహాస్వరం సర్వ దిక్కుల దాకా, విశ్వ విభూతి సాక్షిగా ప్రతిధ్వనించె! Though this poem captures the essence beautifully, it is a reminder that nothing is perfect—technology’s true value lies in its ability to improve and evolve. Perhaps tomorrow, it will craft even better poetry, reaching deeper into culture, language, and emotion, and continuing to enrich our lives. #TechnologyForAll #AIinPoetry #TeluguPoetry #CulturalHeritage #Diwali2024 #Deepavali #GenAI #DigitalTransformation #AI

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The Reserve Bank of India (RBI) has imposed restrictions on Kotak Mahindra Bank, prohibiting it from acquiring new customers through its online and mobile banking channels and issuing new credit cards. However, the directive allows the bank to continue servicing its existing customer base, including credit card holders. The RBI identified significant deficiencies during IT examinations conducted in 2022 and 2023. Despite ongoing engagement, the bank repeatedly failed to adequately address concerns related to IT Risk and Information Security Governance, which are critical under regulatory guidelines, according to the RBI. RBI said these regulatory measures were deemed necessary to protect customers' interests and prevent potential severe disruptions that could impact the broader financial ecosystem, particularly in the digital banking and payment systems. RBI also noted that the bank's core banking system and online and digital channels had experienced multiple significant outages over the past two years, with the most recent disruption occurring on April 15, 2024, leading to considerable inconvenience for customers. https://lnkd.in/g9ePErf7 BAAR-IGA's expertise in mitigating risks and enhancing regulatory compliance stands as a testament to its efficacy in supporting institutions facing similar challenges. https://baar.ai/baar-iga/ #BAAR-IGA #BAARtechnologies #BAAR-CA #Banking

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Discover insights from industry leader, Putcha Venkateswara Sarma, Vice President & Head — Fintech at Cybage Software, as he shares his thoughts on #DigitalPayments, a key trend in #FinancialTechnology. #CybageExpertsInsights Watch this space for more! #CybageFintech #Fintech 

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Discover insights from industry leader, Putcha Venkateswara Sarma, Vice President & Head — Fintech at Cybage Software, as he shares his thoughts on #DigitalPayments, a key trend in #FinancialTechnology. #CybageExpertsInsights Watch this space for more! #CybageFintech #Fintech 

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🚀 📰 Top News of the Day! 🌎💰 Aurionpro has acquired India-based banking and insurance-focused PaaS startup Arya.ai for a majority stake. With Arya.ai, Aurionpro will enhance its portfolio of enterprise FinTech offerings to expedite the adoption of AI with the rapidly evolving demands of banks and insurers. 👉Read more: https://lnkd.in/dhhxXCdK #banking #financialservices #insurance #bankingservices #paas #deeplearning #AI #acquisitions #investment #fintech #fintechnews #topnews #IBSIntelligence

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When one of India’s top banks needed to protect sensitive customer data while working with a third-party agency, they turned to Seclore for the perfect solution. With Seclore's SDKs and APIs, DFC First Bank integrated automated file security directly into their document management system—no major code rewrite, no disruption to their customer onboarding process. Now, PII is automatically secured from the moment it’s uploaded, ensuring only authorized users can access it—internally and externally. This has not only improved security but helped the bank achieve compliance with ease, all while saving costs on development. The result? A seamless, secure customer experience that builds trust while keeping data safe, even beyond the organization’s walls. Learn more: https://lnkd.in/gSsezRhr #CustomerSuccess #DataSecurity #FinancialServices #Compliance #PII #DocumentManagement #Banking #BankingSecurity

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As NPCI India launched UPI circle, banks will now need to introduce the functionality of payments delegation for their UPI customers. Tushar Chitra provided a quick primer in a Finextra article about what UPI Circle is and how it has the potential to further boost digital payments in India. Give it a read!

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Transform banking with intelligent bots. Boost accuracy, reduce costs by up to 70%, and free up teams for strategic tasks. Say goodbye to errors and inefficiencies—embrace the future of seamless automation today. Richan Shrestha Sona Singh Sagar Dhakal Pallav Parajulee

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Transforming Indian Banking: A Leap Towards Digital Excellence The Indian #banking sector has experienced an extraordinary financial turnaround from FY22 to FY24. Overcoming significant past challenges, banks have surged to record-breaking profits, showcasing remarkable resilience and growth. Amidst this revival, #Gridlines by OnGrid APIs are revolutionizing the banking landscape. Gridlines APIs can help in: 🔒 Strict KYC Compliance: Ensure adherence to #KYC regulations with our robust solutions. 🤖 Alternate Underwriting APIs: Unlock new possibilities in lending with our alternative #underwriting API suite – driving smarter decisions with innovative data insights. ⚙️ Enhanced Operational Efficiency: Effortlessly integrate with your existing infrastructure and optimize workflows. 📈 Increased Conversion Rates: Convert more leads into customers with a seamless #onboarding experience. 🌐 Expanded Customer Base: Reach a wider audience and grow your business effortlessly. 👤 Instant Customer Onboarding: Streamline the onboarding process and reduce friction for new customers. Learn more: https://lnkd.in/g5W-8MZg Data source: https://lnkd.in/g2XaEbER #KYCSolutions #BankingInnovation #RegulatoryExcellence #GridlinesAPIs #Fintech

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My thoughts on the relevance of platforms in scaling payments ecosystem

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Partnerships in the FinTech ecosystem are leading to tangible benefits like increased account opening productivity, new product offerings and reduced operational expenses, while challenges such as API maturity, speed-to-market and system integration remain. Understand the scale of innovation in the Indian FinTech landscape:  https://bit.ly/3TkLfcM #FinTech #DigitalTransformation #FinancialInclusion #TogetherWeFuture #GFF Vivek Belgavi | Mihir Gandhi

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Join us tomorrow at #sugpune to learn about #Sitecore XM Cloud where Koushik & I will be presenting about the types of components in XMC. #sitecorecommunity #sitecoreug

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Discover insights from ACI's Ankur Saxena on fintech growth in #India and the significance of an #omnichannel payment service strategy in this Forbes India article. #fintech https://aciw.co/3WX7WWS

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CIOLOOK India magazine gladly features Amit Kumar Tyagi, Director & CTO of SRS Live Technologies Pvt. Ltd., aka SabPaisa, is a visionary leader and tech evangelist is not just navigating this dynamic landscape but actively shaping its future. Read More: https://rb.gy/goidap #CioLookIndia #BusinessLeaders #SuccessStoriesofEntrepreneurs #BusinessLeadersMagazineInIndia #BestBusinessMagazineInIndia #EntrepreneursMagazine #AmitKumarTyagi #SabPaisa #financialecosystem

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Large insurance companies transitioning to paperless operations signify a significant shift in customer experience and efficiency. Personal experiences like mine highlight the challenges faced with traditional paper-based processes. Having encountered issues with a paper-based policy from LIC during the pandemic, the ordeal of losing the original document due to an outdated address was frustrating. Despite efforts to retrieve it, the process proved cumbersome and time-consuming. The move towards digital transformation, as seen in LIC's commitment of Rs 600 crore, not only streamlines operations but also enhances customer service. Embracing a paperless approach can effectively resolve such issues, ensuring smoother processes and improved customer satisfaction. Read more about LIC's digital transformation journey below. #Insurance #DigitalTransformation #CustomerExperience

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