Bonfleet shortlisted out of 200 startups for “Fintech Accelerator Programme” by the Maharashtra Government

The Maharashtra government introduced India’s first Fin-Tech policy in February this year to establish, promote and facilitate FinTech start-ups along with an accelerator program.

Mumbai is one of India’s primary economic hubs due to its ideal location, excellent infrastructure and competitive business environment which makes it a thriving FinTech ecosystem. The Maharashtra CM Devendra Fadnavis inaugurated the Mumbai FinTech Accelerator program with a corpus of Rs. 200 Crores to enhance this further. The programme was launched in September and received more than 200 applications.

“The objective of the accelerator programme is to foster innovation across the financial services ecosystem to nurture exceptional FinTech firms that enable financial empowerment and technological advancement, “he said.

Bonfleet was one of the 13 startups that were shortlisted out of them which will be receiving benefits like mentorship, talent acquisition corporate support, and access to Mumbai Fintech API Sandbox, government APIs and to regulators.

Top 5 FinTech Trends Of 2018

FinTech remains for Financial Technologies, and in its broadest definition,  that is precisely what it is: technologies used and applied in the financial services sector, predominantly utilized by money-related organizations themselves on the back end of their businesses.  Yet, to an ever increasing extent, FinTech is coming to speak of advances that are upsetting customary monetary administrations, including mobile payments, money transfers, loans, fundraising, and resource administration.

Continue reading “Top 5 FinTech Trends Of 2018”

Empowering The Gig Economy: All You Need To Know

The expression “gig economy” alludes to a general workforce condition in which here and now commitment, impermanent contracts, and independent contracting is ordinary. It’s additionally alluded to as the “specialist economy,” “agile workforce,” “sharing economy,” or “independent workforce.” You may believe it’s a trendy expression, and you’d be correct, yet the boundless development of new businesses supporting the gig economy (and the number of laborers utilizing them) is a certain sign that the idea of work as we know it is changing. Continue reading “Empowering The Gig Economy: All You Need To Know”

Financial Inclusion: All you need to know

Financial inclusion is where people and organizations approach valuable and moderate money related items and services that address their requirements which are conveyed in a mindful and credible way. Financial inclusion is characterized by the accessibility and fairness of chances to get money-related services. The accessibility of monetary administrations that meet the particular needs of a user without any discrimination is a key goal of Financial Inclusion. Continue reading “Financial Inclusion: All you need to know”

10 Ways To Increase Your CIBIL Score in 2017

In today’s world, we need money to make money. With a plethora of banks and lending agencies opening up everywhere, one might think that procuring money will become easier, but this might not always be the case. Lending money involves huge risk and thus almost all financial organizations rely on certain criteria to index the repayment capacity of an applicant. A credit score is Continue reading “10 Ways To Increase Your CIBIL Score in 2017”

Government announces daily fuel price revision

Since June 16, 2017, dynamic fuel pricing was implemented throughout the country, prices of petrol & diesel have only gone up. The price increase may be gradual but it amounts to a monumental increase if looked over time.

The rising fuel prices fan inflation, jack up the subsidy bill and make it difficult for the government to meet required fiscal targets. They affect households budget directly through increased prices of diesel, petrol and cooking gas, and indirectly through the rise in transport charges that feed into higher prices of most consumable products and services. Higher fuel prices also impact the operating margins of businesses and in turn, government tax revenue.

Continue reading “Government announces daily fuel price revision”