Mayank Jain

Stories by Mayank Jain

SC verdict on Aadhaar puts private firms in a spot

SC verdict on Aadhaar puts private firms in a spot

Rediff.com   27 Sep 2018

There is some hope for these companies, with Finance Minister Arun Jaitley saying there was a need for legislative backing for private companies that were using Aadhaar. Adding that a careful reading of the judgment is required, Jaitley said this could be "temporary".

What is drowned out in all the euphoria over India Post banks

What is drowned out in all the euphoria over India Post banks

Rediff.com   7 Sep 2018

Key questions remain about the operational and financial viability of a completely paperless bank such as India Post, says Mayank Jain.

How India Posts trained its postmen into bank officials

How India Posts trained its postmen into bank officials

Rediff.com   1 Sep 2018

Each postman has undergone a three-tier training process, after which they were evaluated by the National Institute of Banking and Finance and given certificates.

How UPI v2.0 will change your life

How UPI v2.0 will change your life

Rediff.com   22 Aug 2018

For financial institutions, it will be an opportunity to provide better lending options. For instance, customers who pay their overdrafts on time will get access to more credit and probably at a cheaper rate.

Will UPI in a new avatar make digital payments safer?

Will UPI in a new avatar make digital payments safer?

Rediff.com   17 Aug 2018

Apart from SBI, UPI 2.0 partner banks are HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, RBL Bank, YES Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank and HSBC.

Angry directors mull legal action as Aadhaar is made mandatory

Angry directors mull legal action as Aadhaar is made mandatory

Rediff.com   8 Aug 2018

The MCA notification lays down a deadline of August 31 for the fulfillment of the KYC requirements

Do you have Aadhaar helpline number in your phone contact list?

Do you have Aadhaar helpline number in your phone contact list?

Rediff.com   3 Aug 2018

French hacker Elliot Alderson had earlier pointed out UIDAI helpline (1800-300-1947) could just be "the tip of the iceberg", hinting there could be additional data or trackers on Indian phone manufacturers' devices.

Privacy over RTI? Srikrishna suggestion leaves activists worried

Privacy over RTI? Srikrishna suggestion leaves activists worried

Rediff.com   30 Jul 2018

While noting there needed to be a balance between the two fundamental rights, the Srikrishna panel stated there was an inherent conflict. "However, disclosure of information from public authorities may lead to private harms being caused. It is thus important to recognise that, in this context, there is a conflict of fundamental rights, between transparency and privacy," the report stated.

WhatsApp to roll out 'suspicious link detection' feature

WhatsApp to roll out 'suspicious link detection' feature

Rediff.com   24 Jul 2018

In a bid to curb the spread of fake news, the US-based company is testing a feature, which enables users to detect harmful links sent and received.

NEET data of 2.5 lakh students compromised: Who's responsible?

NEET data of 2.5 lakh students compromised: Who's responsible?

Rediff.com   20 Jul 2018

A company claims to run ads on Facebook where students are encouraged to provide their details to get help from career counsellors.

Data privacy: Govt awaits Srikrishna panel's report before framing law

Data privacy: Govt awaits Srikrishna panel's report before framing law

Rediff.com   19 Jul 2018

IAMAI in a statement, which represents digital businesses in India, said Trai's recommendation to formulate standards of anonymisation and de-identification was akin to putting the cart before the horse, and till such time the Srikrishna Committee submits the report, making these standards would be like groping in the dark.

Fake videos: Kalyan Jewellers claims to have lost Rs 500 crore

Fake videos: Kalyan Jewellers claims to have lost Rs 500 crore

Rediff.com   13 Jul 2018

The firm has blamed a section of unnamed competitors as well as maleficent parties

Your personal data is once gain up for grabs!

Your personal data is once gain up for grabs!

Rediff.com   12 Jul 2018

Indian firms caught napping as private details of individuals were leaked

What's holding up launch of WhatsApp Payments in India

What's holding up launch of WhatsApp Payments in India

Rediff.com   30 Jun 2018

The company was awaiting clarification from the Reserve Bank of India on data storage before it took a final call on data localisation.

Investors going beyond wallet businesses into last mile solutions

Investors going beyond wallet businesses into last mile solutions

Rediff.com   21 Jun 2018

Mobile payments alone gathered close to $1.51 billion in the year 2017 through 13 rounds of funding, according to data compiled by Tracxn

Citizens group moots stiff penalty for privacy violation

Citizens group moots stiff penalty for privacy violation

Rediff.com   12 Jun 2018

A group of lawyers and activists want India's privacy law to ensure that autonomy, dignity and privacy are safeguarded, and proposes a penalty provision of up to Rs 10 million for those found violating the code and a jail term extending up to three years or a combination of both. Mayank Jain reports.

Setback for Airtel payments bank over Aadhaar linked KYC

Setback for Airtel payments bank over Aadhaar linked KYC

Rediff.com   11 Jun 2018

Experts contend that this setback, even if temporary, could put the company at a disadvantage to its competitors in acquiring new customers.

IPL boosts fantasy sports apps' appeal

IPL boosts fantasy sports apps' appeal

Rediff.com   9 Jun 2018

Betting as a function of pure luck is banned in the country, but games of skill with monetary stakes are not.

Indian customers are biggest victims of banking frauds

Indian customers are biggest victims of banking frauds

Rediff.com   30 May 2018

One of every four people in the 27-37-year age group, the most prolific in using digital banking apps, reported a fraud in the past year

Digital transactions increase but branch banking lives on

Digital transactions increase but branch banking lives on

Rediff.com   24 May 2018

'The reason is that you may not enter the branch but you want to see it near you as it establishes trust.'