Digital Finance
Latest news, explainers and analysis on Digital Finance. Tracking 6 stories on Arth Vani.
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Latest on Digital Finance
Demat 2.0: Understanding the Next Evolution in Your Investment Accounts
The term "Demat 2.0" signifies a conceptual evolution in how Indian investors manage their securities, suggesting future enhancements in efficiency, security, and digital convenience. While specific details from the source are not provided, it points towards a continuous drive for improved financial infrastructure.
New LaunchGlobal Fintech Giant Portage Closes $600 Million Fund to Back Next-Gen Finance Startups
Portage has successfully raised $600 million (approx. ₹5,000 crore) for its fourth venture capital fund, Portage Ventures IV. The global investment platform, which manages $7 billion in assets, aims to fuel innovation in financial technology and digital services.
Robinhood CEO: Companies Shouldn't Veto Stock Tokens Amid AMC Debate
The CEO of trading platform Robinhood stated that companies should not have the power to block the creation or trading of stock tokens, specifically referencing the ongoing discussion around AMC shares. This position highlights a growing debate at the intersection of traditional equity markets and the evolving world of digital assets, impacting future investment possibilities.
Singapore's Central Bank Infuses ₹1353 Crore into Fintech Ecosystem Over 3 Years
The Monetary Authority of Singapore (MAS) is investing S$220 million (approximately ₹1353 crore) over the next three years to significantly boost its financial technology (fintech) sector. This strategic funding aims to strengthen Singapore's position as a global hub for fintech innovation and development.
Young Investors Trust AI More Than Influencers for Financial Advice: UK Study
Younger British investors are increasingly trusting artificial intelligence (AI) tools for investment advice over traditional media and social media influencers, a recent study by the UK's Financial Conduct Authority (FCA) reveals. This shift highlights a growing global trend where digital natives are turning to technology for financial guidance, prompting a re-evaluation of how investment advice is consumed.
BreakingBank of America to Invest ₹15,865 Crore ($1.9 Billion) in Jio Credit for India's Retail Loan Push
Bank of America is set to invest approximately ₹15,865 crore ($1.9 billion) into Jio Financial's Jio Credit, marking a significant entry into India's rapidly expanding retail lending market. This collaboration aims to leverage Jio's digital capabilities and Bank of America's financial expertise to grow the retail loan sector, pending necessary regulatory approvals.