Indian Banks' Association

ACI Worldwide Scamscope Report Finds APP Scam Losses Expected To Hit $6.8 Billion by 2027

Retrieved on: 
Tuesday, December 5, 2023
Security, Data Management, Technology, Banking, Other Consumer, Professional Services, Women, Seniors, Men, Artificial Intelligence, Digital Cash Management, Digital Assets, Other Technology, Payments, Networks, Consumer, Mobile, Wireless, ACI Worldwide, Human, Pressure, Telephone, GlobalData, IP, Head, Competition, Fraud, Multimedia, APP, Accord, Trust, Intelligence, Machine learning, Euro Banking Association, Social media, Table, Growth, AI, Indian Banks' Association, Government, Cryptocurrency, Online shopping

Real-time payments leap ahead of APP scams, yet caution prevails

Key Points: 
  • Real-time payments leap ahead of APP scams, yet caution prevails
    APP scam losses in the U.S. are projected to increase by 9% from 2022 to 2027.
  • According to the Scamscope report, APP scam losses in the U.K. hit more than $587 million in 2022.
  • With APP scam losses expected to reach $1.5 billion by 2027, Australians have implored their government to follow the U.K.’s lead.
  • According to the Scamscope report, approximately 3 out of 10 fraud victims close their accounts, posing financial consequences for banks.

Second Edition of FinTech Festival India to Convene Global Fintech Community from 16 - 18 May 2023

Retrieved on: 
Monday, May 8, 2023
Metaverse, Cloud, Knowledge, Fintech, Centre Stage (theater), Airtel Payments Bank, LIBF, ICICI Bank, Science and technology in Asia, MUFG, Cloud computing security, FACE, IDBI Bank, Business, Indian Banks' Association, Yes Bank, Center Stage, University of the Arts London, Singapore FinTech Festival, Web 3.0, Government, Digital identity, School, Digital economy, Singapore, FFI, Indian School of Business, Consumer, The London Institute of Banking & Finance, Jio, Growth, BFSI, DBS Bank, Environment, Barclays, Federal Bank, Bank, Blockchain, American Express, Computer security

Held in India's financial capital Mumbai, FinTech Festival India 2023 expects to host more than 150 speakers and 10,000 attendees

Key Points: 
  • Mumbai, India--(Newsfile Corp. - May 8, 2023) - The second edition of FinTech Festival India (FFI) is set to take place from 16 to 18 May 2023 at the Jio World Centre in Mumbai with a focus on FinTech advancements and predictions.
  • Themed "Democratising Digital Economy", FinTech Festival India 2023 aims to help shape the future of finance in the world's second-fastest-growing FinTech ecosystem and the larger global business environment.
  • FinTech Festival India is an event of Constellar, who co-organises the Singapore FinTech Festival.
  • With The London Institute of Banking & Finance (LIBF) as the Knowledge Partner, FinTech Festival India 2023 is supported by 12 industry associations.

JCB identifies India as a key growth market for European merchants and acquirers to further propel digital payments and online spending

Retrieved on: 
Tuesday, November 29, 2022
Growth, Internet, Bank, Private, COVID-19, LONDON, JCB Co., Ltd., Knowledge, JCB, Prosperity, Movement, Travel, Digital India, National Payments Corporation of India, Reserve Bank, Appetite, Pain, Reserve Bank of India, Health, Research, Santa Fe Indian Market, Indian Banks' Association, NPCI, Renewable energy, Online shopping

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Key Points: 
  • [3]
    Traditionally a "cash-first" society, there has been a significant shift towards digital and card payments as part of a "less-cash" movement in recent years.
  • This has been accelerated by government initiatives such as Digital India introduced with the specific aim to "transform India into a digitally empowered society and knowledge economy".
  • [4]
    The National Payment Corporation of India (NPCI), set up by the Reserve Bank of India and Indian Banks' Association, has been a major factor in enabling widespread digital payments in the region.
  • As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide.