Top Headlines: India on digital services tax, RBI moots UPI payments charge

India and other developing countries under the G24 grouping have objected to the proposal of making sovereign commitments to not introduce any future digital services tax like equalisation levy. On the other hand, The Reserve Bank of India (RBI) has sought feedback from stakeholders on the possibility of imposing a “tiered” charge on payments … Read more

Digital bank Perenna plans 30-year fixes

Digital bank Perenna says it has received its banking licence today (16 August) and plans to offer customers fixed-rate 30-year mortgages. The fintech firm says it has been granted a banking licence with restrictions from the Prudential Regulation Authority and the Financial Conduct Authority, adding that once its banking infrastructure is in place it will … Read more

India leads the world in real-time digital payments, says PM Modi

India leads the world in real-time digital payments by clocking almost 40 per cent of all such transactions, said Prime Minister Narendra Modi on Independence Day as he praised the Unified Payment Interface (UPI) and the fintech sector. Digital payments have grown in India in the last two years of the coronavirus … Read more

Rocket Mortgage unveils tie-up with digital banking platform Q2 Holdings

“We’re excited to add a premier brand like Rocket Mortgage to our Q2 Innovation Studio ecosystem,” said Matt Flake, CEO of Q2. “This partnership, giving customers easy access to Rocket Mortgage’s best-in-class digital offerings, adds another marquee solution to the Q2 Innovation Studio and provides an important and timely new option for our bank and … Read more

Centre to launch digital locker facility in flood-prone Kerala villages

Two flood-prone village panchayats in Kerala are getting ready to go the tech way and implement digital locker facility for people for the safe upkeep of their valuable documents, in the wake of frequent downpours. The authorities of Kodiyathur and Karassery would soon conduct free camps in most rain-hit areas in the … Read more

Pexa confirms first lenders to go live with digital remortgaging

PEXA has confirmed that both Hinckley & Rugby Building Society and Shawbrook Bank will be the first lenders to commence transacting remortgage cases via its platform. This follows the successful testing of its PEXA Pay system earlier this year. Hinckley & Rugby Building Society and Shawbrook Bank are among the first to announce their partnership … Read more

Mortgage Magic offers website help with Digital Package offering

Mortgage Magic is now offering an off-the-shelf website and social media solution for brokers. Named the Digital Package and designed by former brokers and people in the technology sector, Mortgage Magic says it will help increase business through a revamped front end and leads generated through social media. It can work alongside the firm’s existing … Read more

Aon moves COO to digital head; recruits replacement from Conagra

Aon PLC said Tuesday that James Platt, formerly chief operating officer of the brokerage, has moved to the newly created role of chief digital officer and that it has recruited Mindy Simon from Conagra Brands Inc. as its next COO. London-based Mr. Platt, who was named COO in January 2021, will be responsible for Aon’s … Read more

6 reasons to watch the digital mortgage space

A home buying frenzy has many lenders considering new technology as a means to address the needs and preferences of future clients.  Mortgage lender Lower has introduced a cash-offer option for home buyers in need of financing, while First American Data & Analytics has released a new risk management tool.  Read more about these and other … Read more

Tiny IPO Spikes 1,150% in US Debut in Wake of AMTD Digital

(Bloomberg) — For the seventh time this year, a tiny US listing by a company based in China or Hong Kong is seeing a wild price surge after its initial public offering. Most Read from Bloomberg This time, it’s Hong Kong’s Magic Empire Global Ltd.. which was halted for volatility after surging nearly 4,000% above … Read more