Major Indian banks join trade finance blockchain project IBBIC
The consortium promises the creation of a secure environment for processing letters of credit.
State Bank of India
Payments fintech Cashfree lands investment from State Bank of India
Cashfree claims to process more than $20 billion annually.
State Bank of India boosts ATM and POS infrastructure with ACI Worldwide
The two companies have a longstanding partnership on payments.
State Bank of India selects BEP Systems for UK mortgage origination
SBI due to go live on Apprivo2 system in Q2 2020.
State Bank of India selects FSS for one nation of payments
One nation, one card, one deal, one story. Too much? One can’t say.
State Bank of India and Hitachi launch JV for payments
They plan to “penetrate into hitherto untouched Indian towns and cities”.
State Bank of India’s customers exposed in data leakage
The bank has now secured the unprotected server.
State Bank of India and Hitachi join forces for cards and paytech venture
JV to create a “state-of-the-art card acceptance and future ready digital payments platform” in India.
Jio Payments Bank launches in India
A joint venture between Reliance Industries and the State Bank of India.
Six Startupbootcamp stars secure sweet deals in India
Six graduating start-ups from Startupbootcamp FinTech Mumbai have secured pilots with banks and corporates such as RBL Bank, ICICI Bank and State Bank of India (SBI). At Startupbootcamp’s demo day at the Royal Opera House in Mumbai, 11 start-ups showcased technologies in financial services to more than 400 guests. Propositions included SME banking, blockchain, digital […]
State Bank of India revamps e-commerce payments gateway
State Bank of India (SBI) has deployed the “largest payment gateway for cards’ e-commerce transactions”, according to Shiv Kumar Bhasin, CTO of the SBI group. It processes ten million transactions per day, with 2,000 transactions per second (TPS) of peak load processing capabilities. This “beats the business volumes processing capabilities of a lot of leading […]
Top fintech stories this week – 21 April 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
State Bank of India in major trade finance tech overhaul with Misys
State Bank of India (SBI) has centralised its trade finance operations across 25 countries on Misys’ Fusionbanking Trade Innovation platform. Misys’ partner in India, Encore Theme Technologies, assisted with the implementation.
State Bank of India to launch digital bank, SBI Digi Bank
State Bank of India (SBI) is working on its own digital bank – SBI Digi Bank – which it plans to launch in the next three to six months.
Millions at risk from India ATM hack
ATMs at some of India’s biggest banks have suffered a malware attack, with around 3.2 million debit cards now at risk. Most of the affected cards belong to HDFC Bank, ICICI Bank, State Bank of India (SBI) and Yes Bank. The malware potentially means unauthorised individuals can get access to the data on debit cards […]
Top ten retail banking sites in India – July 2016
Who is leading the digital way among the retail banks in India? We have put together some nifty stats for India’s top ten online banking sites for the past month (data courtesy of SimilarWeb). We’ll be publishing regular updates on a monthly basis, to track the changes, developments and trends – to bring you a fuller picture of […]
State Bank of India merges with associate banks
India’s government has given the green light to the State Bank of India (SBI) to merge with its five associate banks. SBI is already among the largest an India and a sizeable international player, with the total assets of $400 billion and a network of 16,500+ branches (including over 190 international locations across 36 countries). […]
