A Blockchain Use Case for Cheque Fraud is here

Just when we thought chequebooks and cheque processing was on its way out , we see a unique use case where the traditional banking instrument uses new age disruptive technology such as blockchain to combat cheque fraud.Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced that it will introduce blockchain technology into its cheques as a fraud prevention measure . Read on to find out how Cheque Chain will work.

Union Bank’s $171 million Wire Fraud – A Wake Up Call 

The Union Bank of India heist is another wake up call to evaluate technologies that avert and plug loopholes and end what is today a wire transfer monopoly

Is India ready to be the AI Capital ?

India is set to make up for its recent absence from the AI circuit and companies are making big investments to make it happen.Read on

Mobile payment platform Chillr to launch UPI

India’s first multi-bank mobile payment platform Chillr is all set to launch its Unified Payments Interface (UPI) facility by March-end, which  will enable customers of nearly 45 banks to make payments on a single platform.Sony Joy, CEO and Co-Founder, Chillr, estimates around 1.50 crore customers to be on-board this platform by the end of 2017-18. “Our … Continue reading Mobile payment platform Chillr to launch UPI