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Showing posts with the label FINANCIAL SERVICES

After Xiaomi and Realme, Oppo now forays into fintech space with Oppo Kash

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Chinese smartphone maker Oppo has made its debut in financial services space with Oppo Kash . The service is an app-based platform that comes with a bouquet of financial services, including mutual funds, systematic investment plans, screen insurance, and loans. The app, currently in beta stage, is available on Google Play Store and Oppo App Store for all supporting Android smartphones. “ Oppo has partnered with 20 asset management companies to offer bouquet of financial services, including SIPs and mutual funds. We aim to provide an end-to-end financial solution to around 10 million customers in next five years,” said Sumit Walia, Vice President – Product and Marketing, Oppo India. He added, “the Oppo Kash platform is built on three core values – small and easy, data privacy and customer security. The app, currently in beta stage, comes with 5 products – mutual funds, freedom SIPs, personal loans, business loans, screen insurance. The most unique offering from the Oppo Kash ...

Here's how financial services industry is embracing Blockchain technology

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Blockchain technology is based on distributed storage of data                 Technology News : With digitisation transforming the financial services sector in terms of speeding up transactions and fraud detection, the Blockchain technology holds an enormous promise of further strengthening the sector, a top official with The National Stock Exchange of India Limited (NSE) has emphasised. "The NSE is experimenting with Blockchain technology, a NSE CTO Sankarson Banerjee told IANS on the sidelines of the fifth Cisco India Summit. The Blockchain technology is based on distributed storage of data. A Blockchain is a continuously growing list of records -- called blocks -- which are linked and secured using cryptography. "Blockchain, we know, is the best way to create an immutable record of things. That opens up a lot of use cases for asset verification - who owns the asset, where it comes from, th...