(m- banking), RBI guidelines for mobile banking in India, advantages of adopting this new technology both for the banking sector as well as the consumer and issues which needs to be addressed relating to this new form of banking. ... G. Saini - 《Sai Om Journal of Commerce & Management...
BNPL models relying on prepaid cards to be discontinued: BNPL models which were working on disbursal to prepaid payment instruments (PPIs) like prepaid cards or mobile wallets are nevertheless impacted, given the DL guidelines require disbursals directly to the ‘bank account’ of the borrower. ...
RBI releases new due diligence guidelines for operators to prevent AePS fraud Event Report: Governing the AI Ecosystem, December 11, 2024 The Reserve Bank of India released new draft directions ondue diligence of Aadhaar Enabled Payment System (AePS) Touchpoint Operatorsto “streamline the process ...
2014 with subsequent additions/ modifications read with the RBI guidelines. The customer agrees that the rights and obligations provided therein in so far as it relates to the originator shall be binding on him/it regard to every payment order issued by him/it for execution in...
There are some others who are reluctant to use net banking or mobile banking facilities and depend on ATMs for checking account balance. RBI has issued new rules and guidelines limiting the number of times to use the ATM in a month. The new ATM transaction rules issued by the Reserve Bank...
Monitoring readiness to comply with Reserve Bank of India (RBI) Guidelines Jan 2024 | Version 24.01 Copyright © 2023, Oracle and/or its affiliates PURPOSE This technical white-paper provides an overview of Database Activity Monitoring requirements for compliance with the RBI Guidelines on Cyber ...
Under the new guidelines, there is no restriction on how many insurers a Bima Vahak is allowed to work with. IRDAI has removed the following clause: Work only with one life insurer, one general insurer, and one health insurer and in addition, where permitted by the authority, work with ...
With this, the guidelines laid for factoring businesses have been simplified by the RBI. Thiscomes close in heels with analysts revising the growth outlook of retail to NBFCs to 5% -7% for the fiscal2022 from an earlier expectation of 8% to 10%. 1. Important Definitions "Non-Banking ...
On National Consumer Day 2024, the central governmentlaunchedthe Jago Grahak Jago app, the Jagriti app, and the Jagriti dashboard to equip the DoCA with identification tools for dark patterns on e-commerce websites. Besides the guidelines on dark patterns, the government had alsoorganiseda hackath...
Endpoint Central MSP can help in adhering to the guidelines put forth to robustify the security and resilience. Here is how:How does Endpoint Central MSPhelp?Requirement Sl No Requirement Description How Endpoint Central MSP fulfills it? Inventory Management of Business IT Assets 1.1 Maintain an ...