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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Bank partnerships are falling apart, raising concerns over many fintech business models in India, while regulatory scrutiny and conflicting product lines heighten the pressure.
Editor's note: The idea behind most of the fintech industry is to revolutionize and/or disrupt financial services as we know it, with one common target being banking. On the flip side, though, for several types of fintech startups in India, banks are invaluable and unavoidable partners. What, then, happens if a bank decides to just walk away? Increasingly, this has happened with larger and even mid-sized banks going easy on partnerships with neobanking fintechs—which essentially relied on banks to hold customers’ actual accounts. Now, the tussle seems to be escalating to at least a couple of card startups too. IDFC First Bank might be the best example. The young bank became the darling of fintechs some four to five years ago; like Yes Bank and RBL Bank before it, IDFC First Bank was eager to partner with a number of startups. Again like Yes and RBL, IDFC is now reconsidering that strategy, and has been the source of many a sleepless night for fintech founders. Earlier this year, IDFC First Bank terminated its agreement with Bengaluru-based neobanking startup NiYo. The Tencent-funded company …
Bank partnerships are falling apart, raising concerns over many fintech business models in India, while regulatory scrutiny and conflicting product lines heighten the pressure.
Editor's note: The idea behind most of the fintech industry is to revolutionize and/or disrupt financial services as we know it, with one common target being banking. On the flip side, though, for several types of fintech startups in India, banks are invaluable and unavoidable partners. What, then, happens if a bank decides to just walk away? Increasingly, this has happened with larger and even mid-sized banks going easy on partnerships with neobanking fintechs—which essentially relied on banks to hold customers’ actual accounts. Now, the tussle seems to be escalating to at least a couple of card startups too. IDFC First Bank might be the best example. The young bank became the darling of fintechs some four to five years ago; like Yes Bank and RBL Bank before it, IDFC First Bank was eager to partner with a number of startups. Again like Yes and RBL, IDFC is now reconsidering that strategy, and has been the source of many a sleepless night for fintech founders. Earlier this year, IDFC First Bank terminated its agreement with Bengaluru-based neobanking startup NiYo. The Tencent-funded company …
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
Europe’s largest fintech firm has its sights set on the Emirates. What can we expect?
The beleaguered lender outperformed larger rivals—and itself—on several metrics in FY26, but one-offs and a still weak retail engine keep its investors on edge.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
Europe’s largest fintech firm has its sights set on the Emirates. What can we expect?
The beleaguered lender outperformed larger rivals—and itself—on several metrics in FY26, but one-offs and a still weak retail engine keep its investors on edge.
