Background The financial system has undergone a significant transformation in recent years, driven by rapid advancements in cloud computing, artificial intelligence (AI), and other emerging technologies for payments. These have had a profound impact on how banks do business, people interact with banks, and customers make payments for goods and services. Advancements in digital technology […]
Author Archives: Srichander Ramaswamy
Financial Stability, Payment Systems
From Unified Payment Interface to Unified Lending Interface: India’s Digital Journey Towards Financial Inclusion
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Aug
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The financial inclusion journey involves many legs: empowering citizens with a digital identity to open bank accounts; building a digital public infrastructure to facilitate low-cost interoperable payment services; and creating a technology platform to facilitate efficient delivery of frictionless credit. This blog takes readers through this journey in India.
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Aug
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Introduction Every investment activity whether “brown” or “green” requires funding. Such funding is typically obtained through bank loans or by issuing securities in the capital markets. The interest and principal amounts borrowed are repaid using the cash flows generated by the investment activities. But when these cash flows are insufficient to meet repayment obligations on […]