DiGiSPICE: Industry Monitoring 24 May 2019
- Priyanka Kanodia
- Jun 10, 2019
- 3 min read
DiGiSPICE
Competitors
Paytm Payments Bank reports Rs 19 cr profit in FY’19
Publication- Elets Online
Edition- Online
Date- 24 May, 2019
Paytm Payments Bank Limited (PPB) has posted a profit of Rs 19 crore for the financial year 2018-2019. The bank gained the profit within second year of its operation. Paytm Payments Bank It also claimed to be leading the mobile banking transactions with over 19 percent market share as of March 2019. “Nearly a third of the total mobile banking transactions in India are powered by PPB and it processes over Rs 3 lakh crore worth of digital transactions on an annualised basis,” said the bank in its official communique.
PPB had earlier registered a net loss of Rs 20.7 crore for the fiscal ended March 31, 2018, as per the regulatory documents. PPB was incorporated in August 2016 and formally started its operations in 2017. Paytm Founder Vijay Shekhar Sharma acquires 51 percent share in Paytm Payments Bank, while the rest is possessed by One97 Communications.
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Industry News
Alibaba Plans To Integrate Blockchain For Intellectual Property System
Publication- Krypto Money
Edition- Online
Date- 24 May, 2019
Chinese e-commerce giant Alibaba is planning to integrate blockchain technology into its intellectual property system of global enterprises and brands, as reported by the local news outlet Sohu on May 23. The company’s director of intellectual property protection, Ali Xizhi stated that Alibaba is currently busy upgrading the filing of intellectual property rights by employing blockchain. Alibaba plans to fully implement the technology by September and subsequently expanding to digital copyright protection, including visual content.
Purportedly, the system will directly link the electronic deposits from international brands to the Internet Court through the blockchain-based Ali Intellectual Property Protection Platform (“IPP Platform”), providing a basis for litigation rights protection. China has reportedly set up three Internet courts in Hangzhou, Beijing, and Guangzhou that will manage internet-related cases and allow plaintiffs to file their complaints online.
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Integration of smart city initiatives with climate action plans for a larger viewpoint
Publication- Geospatial World
Edition- Online
Date- 24 May, 2019
The overall concept of Smart City differs from city to city and also country to country. According to the government of India, some of the key aspects that define a Smart City are smart governance, smart health facilities, smart energy, smart infrastructure and smart mobility. The implication of a smart city would be different in India than in USA.
At the 5th Smart Cities India Expo 2019 held in New Delhi, the key agenda for discussion was climate action in Indian cities and cities as nodes for climate action. The first part of the session focused on climate action in Indian cities- success stories, challenges and the way forward. While the second part concentrated on linking of smart cities initiatives with the national climate agenda, integrated approach to air pollution.
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Why data analytics is the lifeblood of BFSI sector in India
Publication- Money Control
Edition- Online
Date- 24 May, 2019
Analytics has been one of the key focus areas for the Banking, Financial Services and Insurance (BFSI) companies. The Indian BFSI sector is betting big on data analytics to increase organizational success, increase returns, transform business operations, reduce risks and provide seamless services to its customers. The usage of data analytics in India has vastly improved over the past few years and obtaining customer intelligence has become simpler.
“Most banks across the Indian banking industry have either struggled with two different points. Either banks haven’t been able to leverage the surplus data which they have collected, or they aren’t able to collect insightful data points from the customer’s touchpoints,” says Anand Subramaniam, Head, Artificial Intelligence Practice, Aspire Systems.
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