The move by Uber, announced as a pilot project on Wednesday, follows the end of its partnership with Banco Santander's US lending unit earlier this year.
Budget 2015: For economy to grow at 7.5%, financial sector should grow 20%, says E&Y's Abizer Diwanji
Boosting financial services sector is critical to ensure sustainable growth of the economy and the budget needs to incentivize the growth of the financial services sector, says Abizer Diwanji, Head of financial services, at EY.
The project is part of the partnership for financial inclusion, a $37.4 million joint initiative of IFC and The MasterCard Foundation to expand microfinance and advance mobile financial services in Sub-Saharan Africa.<br />
Respondents cite inadequate technical knowledge as the most commonly encountered challenge during a big data project, highlighting the need for appropriately skilled staff to implement such a strategy.
The buyout has marked the entry of the American firm to the local financial services market. Intuit primarily operates in the areas of offering business and management service solutions for small companies. Post the India acquisition, Intuit will have operations in seven countries.<br />
As the debate over the definition of poverty continues, Reserve Bank of India Governor Raghuram Rajan today said descriptions don't matter when it comes to financial services, which are unavailable for a large number of people.
Reporting on corporate social responsibility has been undertaken by almost three quarters (73 percent) of large Indian companies, led by the IT sector, shows a new survey by KPMG.<br /><br />
IBM unveils Big Data and Analytics - based dashboard to boost enterprise risk management solution
The combination of smartphone adoption, mobile banking, and new technologies enable banks to have a real-world, real-time impact on every consumer's experience. The result: today's location intelligent applications are more customer-centric.
Heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services to India.
Traditional banks will have the edge over their Internet-oriented rivals. However, the new firms will play a considerable role in shaping the banking industry of the future.
FINO which makes smart cards, hand held devices for banks in rural area, bought debt-ridden Nokia's mobile payment business which expects the mobile payment business which is said to be a $350 billion opportunity by 2015.
Five of the biggest US banks including JPMorgan Chase, Bank of America Corp , Citigroup Inc , Goldman Sachs are planning their 'living wills' a contingency plan in case of bankruptcy.