Digital banking

There has been a significant rise in the Non-interest income of banks lately.ICICI Bank, for instance, has seen a 56% growth in this income this quarter itself.Others like Kotak Mahindra, Yes Bank etc.

have witnessed similar trends over the past twelve months.Why might that be?

And more importantly, how does it affect the banking sector's performance at large?Read our take by heading to the link below.https://transfin.in/why-non-interest-income-of-banks-is-on-the-rise

We are living more and more of our lives online every day.

Banking is certainly following this trend.

In the US, more than 70 percent of people do at least some of their banking online.

More than half of all web traffic now comes from mobile devices, and traffic to financial institutions isn’t far behind.The general consensus is that while the risk is low when it comes to banking, security does depend to some extent on consumers—many of whom don’t do what they should be doing to keep their phones safe from attack.

As a result, experts say, banks could do a better job educating consumers about cybersecurity issues.

The Wall Street Journal invited three experts to discuss these issues: Joseph Carrigan, a senior security engineer at Johns Hopkins University; Emmett Higdon, director of digital banking at Javelin Strategy & Research, a subsidiary of Greenwich Associates; and Peter Wannemacher, a digital banking analyst at consulting firm Forrester Research.Is Mobile Banking Safe?

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The Kotak Mahindra Bank Personal Loan EMI Calculator may be a free tool designed to calculate the monthly EMI outflow, by putting the small print of the loan amount, loan tenure, and rate of interest.

The details presented by the Calculator are accurate which assists in evaluating the loan amount which an applicant is required to use.

EMI is that the sum of interest also as principal amount, payable monthly towards repayment of the debt amount.

Fintech - Partner Venturra Capital Raditya Pramana convey, fintech provides a service that could be a solution to overcome the problem of financial inclusion in Indonesia.

Moreover, based on data from Google, Temasek and Bain show, there are about 92 million people in Indonesia who do not have bank accounts (unbanked).

Insight that could be one basis for fintech in determining the will give you a loan or not to the prospective borrower (borrower) of such.

“This is our own can focus on,” said Raditya.

(Read: Potential LinkAja Shake up the Dominance of Digital Wallet Go-Pay and OVO)

He pointed out, one application of a digital wallet can be used to pay for transportation services, e-commerce to the gym.

Bank of India has launched a net banking service for all its account holders to provide convenience for all its account holders.

Account-holders may access multiple banking services from the comfort of their home or office with Bank of India Net Banking.