You cannot have your cake and eat it too This proverb always confused me. Why, I thought, if I have the cake can’t I eat it? I imagine it’s a perfectly nice cake – chocolate, pecan, carrot (the possibilities are endless) – what stops me then. Turns out the proverb isn’t as idiotic as IRead more
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“What we call chaos is just patterns we haven’t recognised.” Chuck Palahniuk, Survivor A lot happened in the FinTech verse last month. It was chaotic, exciting, and futuristic. In this FinTales edition we explore these three patterns in the chaos: First, RBI and the Government are keen to promote FinTech in financial services. Blockchain may changeRead more
“Any sufficiently advanced technology is indistinguishable from magic.” –Clarke’s third law Indian financial sector regulators are trying hard to keep pace with the magic. Welcome to this month’s FinTales. If you missed our previous editions, you could read them here. In this edition, we explore the need to balance security and convenience (in payments). Indian regulators’ approachRead more
“The quicker you let go of old cheese, the sooner you find new cheese.” – Spencer Johnson, Who Moved My Cheese? Neo-banking is the proverbial new cheese in India’s fintech ecosystem. But are e-wallets the old cheese? Welcome to this month’s edition of FinTales. If you missed our previous editions, you could read them here. Write to us ifRead more
“My faith is brightest in the midst of impenetrable darkness” -Mahatma Gandhi (1968) We wish you were reading this in happier times. We hope you and your loved ones are healthy and safe. Hang in there. We will get through this. Welcome to the 6th edition of FinTales. If you missed our previous editions, you could readRead more
“Digital players will increasingly have a critical role across India’s banking sector.Effective regulation is a priority for RBI, and it should not constrain innovation in the fintech space.” – Shaktikanta Das, RBI Governor The RBI Governor’s message is on point. This reminds me of an adage by Stewart Brand. That once a new technology rolls over,Read more
“An increase in digital payments not only favours economic growth but alsois a step towards formalisation of the economy” –Vijay Shekhar Sharma, Founder, Paytm Commenting on the Union Budget 2021-22, this remark by Mr. Sharma sums up the importance of digital payments in economic growth. And rightly so. Digital payments have grown by 55% in the pastRead more
Our last edition of FinTales opened with Tennyson. This time it’s Katy Perry. Less high-brow, but poetic nonetheless (we think so!). “I know there’s gotta be rain, if I want the rainbows And I know the higher I climb, the harder the wind blows Yeah, I’ve gone to sleep night after night punching a pillowRead more
Hello! How are you? No really, we want to know. We could have skipped the chit-chat. But these banalities are welcome in the pandemic. Now a little about us and our new initiative: FinTales. We are tech enthusiasts. And we happen to be lawyers. A bunch of us also like fintech a little more than theRead more