STARTUP/TECHNOLOGY Intellect Design Launches AI-First Suite To Power Global Credit Unions

Intellect Design Arena Ltd. has launched its AI-first Credit Union Solution Suite, a comprehensive enterprise banking platform designed specifically for credit unions and mutual institutions worldwide, as it strengthens its presence in the global financial technology market. The new solution integrates core banking, AI-powered lending and digital engagement into a single composable platform, enabling credit […]

CW Bureau · Jul 20, 2026

STARTUP/TECHNOLOGY Cars24 Processes Over 1.1 Trillion AI Tokens In Q1, Boosts Transformation

Used vehicle marketplace Cars24 has significantly accelerated its artificial intelligence (AI) transformation, processing more than 1.1 trillion AI tokens during the April-June 2026 quarter (Q1 FY27) as the company expands AI across engineering, customer engagement and core automotive operations. The company said AI consumption has nearly tripled over the last two quarters, with AI-related spending […]

CW Bureau · Jul 19, 2026

STARTUP/TECHNOLOGY Paytm Europe Granted Luxembourg Payment Institution Licence By CSSF

One 97 Communications Ltd., the parent company of Paytm, has secured a major regulatory milestone in its global expansion journey after its step-down wholly owned subsidiary, Paytm Europe Payments S.A., received a Payment Institution Licence from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF). The approval paves the way for Paytm Europe […]

CW Bureau · Jul 3, 2026

BANKING & FINANCE Ujjivan Eyes Universal Bank Status With Digital, Diversified Growth

Ujjivan Small Finance Bank Ltd is focused on building a diversified, technology-enabled and customer-centric institution as it advances towards its long-term aspiration of becoming a universal bank. “As we look ahead, our ambition extends beyond growth in scale,” Ujjivan Small Finance Bank Chairman B.A. Prabhakar said in his letter to shareholders. Growth priorities He said […]

CW Bureau · Jun 30, 2026

STARTUP/TECHNOLOGY Ajay Rajan Joins Protean eGov As MD & CEO To Drive Next Phase Of Growth

Protean eGov Technologies Ltd, the Mumbai-headquartered digital public infrastructure (DPI) company known for building population-scale technology platforms, has appointed Ajay Rajan as Managing Director and Chief Executive Officer with effect from June 1, 2026. Rajan succeeds V. Easwaran, who had been serving as Interim CEO, and takes charge at a time when governments, institutions and […]

CW Bureau · Jun 3, 2026

STARTUP/TECHNOLOGY Intellect Launches AI-Native Platform For Challenger Banks In UK, Europe

Intellect Design Arena Ltd, an AI-first, enterprise-grade financial technology company,  has launched an AI digital banking platform designed specifically for challenger banks and digital-native financial institutions looking to establish AI-native banking operations across the UK and Europe. The company said the platform is aimed at helping new entrants accelerate bank launches while addressing the operational, […]

CW Bureau · Jun 2, 2026

STARTUP/TECHNOLOGY Paytm Infuses About ₹99 Cr Into Its European Arm To Support Expansion

One 97 Communications Ltd (OCL), which owns digital payments and financial services platform Paytm, has infused €9 million (about ₹99 crore) into its Luxembourg-based step-down wholly owned subsidiary, Paytm Europe Payments S.A., to support its business and operational requirements in Europe. The investment has been made through Paytm Cloud Technologies Ltd (PCTL), a wholly owned […]

CW Bureau · Jun 2, 2026

BANKING & FINANCE CRIF India Unveils Credit Goes to HER Kolkata Chapter To Empower Women

CRIF India, part of the global credit information and business intelligence company CRIF, has launched the first regional chapter of its ‘Credit Goes to HER’ initiative in Kolkata, aimed at strengthening women’s leadership and participation in India’s credit ecosystem. Launched nationally in March this year, the initiative seeks to create a community of women professionals […]

CW Bureau · Jun 1, 2026

STARTUP/TECHNOLOGY Clayfin Acquires Louie Voice, Set To Expand AI Voice Banking Capabilities

Clayfin Technologies, a Chennai-based provider of digital banking and customer experience solutions for financial institutions, has acquired Louie Voice, a voice banking platform focused on making digital banking more accessible and inclusive through artificial intelligence-driven voice interactions for undisclosed sum. The acquisition is expected to strengthen Clayfin’s capabilities in AI-led digital engagement and voice banking, […]

CW Bureau · Jun 1, 2026

STARTUP/TECHNOLOGY MobiKwik Receives RBI Go-Ahead For Offline Payment Aggregator Business

One MobiKwik Systems Ltd has received in-principle approval from the Reserve Bank of India for its Payment Aggregator–Physical (PA-P) licence, enabling the fintech company to strengthen its offline merchant payments business across the country. The approval marks a significant milestone in MobiKwik’s expansion as a full-stack fintech platform offering payments and financial services to both […]

CW Bureau · May 26, 2026

STARTUP/TECHNOLOGY Angel One Bets On AI, Data & Digital Infrastructure For Long-Term Growth

Angel One Ltd, a fintech and digital financial services platform, is betting on artificial intelligence, data science and scalable digital infrastructure to drive its next phase of growth while expanding financial access and investor participation across India. Angel One aims to evolve from a digital brokerage platform into a long-term financial partner supporting investing, wealth […]

CW Bureau · May 21, 2026

RETAIL/FMCG Meesho Invests ₹100 Cr In A Loss-Making Subsidiary Meesho Payment

Meesho Ltd, the Bengaluru-based e-commerce platform focused on value commerce and small businesses, has infused nearly ₹100 crore into its lending subsidiary Meesho Payment Pvt Ltd (MPPL) despite the latter reporting losses, highlighting the growing strategic importance of embedded finance in the e-commerce ecosystem. The investment, made through a rights issue, is aimed at strengthening […]

CW Bureau · May 9, 2026