Financial Technology (FinTech) and Digital Banking in India - Hardcover

Singh, Jaspal

 
9788177085389: Financial Technology (FinTech) and Digital Banking in India

Inhaltsangabe

FinTech is an umbrella term coined in the recent past to denote technological innovations having a bearing on financial services. FinTech is a contraction of the words finance and technology. It refers to the technological start-ups that are emerging to challenge traditional banking and financial players and covers an array of services, from crowd funding platforms and mobile payment solutions to online portfolio management tools and international money transfers. Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. Artificial intelligence (AI) hasapplications in the financial industry, where it is used to detect and flag activity in banking and finance such as unusual debit card usage and large account deposits. India has a rich diversity of digital payment options. Many of these are interoperable, and work through bank accounts, thus giving the users a lot more choice. However, the costs of digital payments are still an issue, and acceptance infrastructure is not widespread. This book explains and examines various aspects of financial technology (FinTech) and digital banking in simple and non-technical language. It contains 17 chapters which have been organized into 2 parts. Part I (chapters 1 to 3) is titled Financial Technology (FinTech) and Artificial Intelligence (AI). It provides conceptual clarity as regards FinTech and the major FinTech innovations and services. It also explains the basics of AI. Part II (chapters 4 to 17) is titled Digital Banking in India. It deals with various forms of payment systems, Reserve Bank of India (RBI) and other organizations linked to payment systems, paper-based traditional systems of payment, electronic payments (e-payments), card-based e-payment, non-card e-payment, internet banking, mobile banking, cyber space, cyber attacks and cyber security, and data protection strategies and technologies.

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Über die Autorin bzw. den Autor

Shri Jaspal Singh (IPS) is currently Inspector General of Police, Goa. He joined the Indian Police Service in 1996 and has served in Delhi, Goa, Puducherry and Andaman and Nicobar (A&N) Islands in various capacities. He has handled field assignments for 12 years in different ranks. He is the recipient of the Police Medal for Meritorious Service, Police Medal for Hard Duty and Lt. Governors Commendation for exemplary work in A&N Islands during the massive earthquake and Tsunami. While still a student, he was nominated as a member of the University Senate by the Governor of Punjab for his excellence in academics. Shri Jaspal graduated with Honours in Economics from Guru Nanak Dev University (GNDU), Amritsar, Punjab and holds a law degree from University of Delhi, Delhi. He also holds a Post-graduate degree in Management from GNDU, Amritsar, Punjab and a Masters degree in Computer Applications from Indira Gandhi National Open University (IGNOU), New Delhi. He was also a faculty member of the Department of Business Management, GNDU, Amritsar, Punjab. He also served as a senior executive with state-owned Hindustan Petroleum Corporation Limited. He has received training with the Police Department of Los Angeles (US) and also attended a course organized by the US Department of State on Advanced Explosive Incident Counter Measures. Shri Jaspal has also compiled a book titled Aman Ka Gehwara.

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