Current Affairs - Finance
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Exercise : Finance - Latest Current Affairs
- Finance - Latest Current Affairs
1.
Which fintech company received NPCI certification for UPI, IMPS, and IBMB integrations in May 2026?
Answer: Option
Explanation:
Viyona Fintech, a Hyderabad-based fintech infrastructure company, secured NPCI certification for its payment technology framework covering UPI Acquirer, UPI Issuer, IMPS, and Interoperable Banking Mobile Banking (IBMB) integrations. This certification enables the company to support merchant QR acceptance, customer-side UPI issuance, and real-time fund transfer services. The infrastructure is particularly aimed at improving interoperable mobile banking and strengthening rural banking solutions. NPCI, which operates major retail payment systems like UPI and IMPS, plays a critical role in India’s rapidly growing digital payments ecosystem and financial inclusion initiatives.
Date : 2026-05-23
2.
Which Financial Technology company announced the launch of the Artificial Intelligence-native lending infrastructure suite named Atlas?
Answer: Option
Explanation:
FinBox announced the launch of Atlas, an Artificial Intelligence-native lending infrastructure suite designed to transform the digital lending ecosystem. The platform significantly reduces loan processing time from nearly three weeks to just 24 hours by automating traditional lending operations. Atlas replaces manual workflows with AI-driven agents capable of handling borrower onboarding, document verification, and operational decision-making throughout the credit lifecycle. This innovation aims to improve efficiency, speed, and accuracy in digital lending services. The launch reflects the growing role of Artificial Intelligence in the fintech sector, where automation and data-driven systems are increasingly being used to streamline financial services and customer experiences.
Date : 2026-05-16
3.
Which company launched India's first compliant stablecoin cross-border payments platform in May 2026?
Answer: Option
Explanation:
Xflow launched India’s first compliant stablecoin-based cross-border payments infrastructure on May 14, 2026. The platform allows Indian businesses to accept international payments in stablecoins such as USDC and USDT and convert them into Indian Rupees through authorised banking channels. The system ensures regulatory compliance by conducting stablecoin transactions and off-ramping processes outside India, while only fiat currency enters the country through AD Category I banks. The platform mainly supports MSMEs, SaaS companies, and service exporters facing challenges in global payments. Xflow was co-founded by Anand Balaji and Ashwin Bhatnagar and is backed by investors such as Lightspeed, General Catalyst, and Stripe.
Date : 2026-05-15
4.
Which mutual fund company launched the dedicated Specialised Investment Fund (SIF) brand named RedHex SIF in India in May 2026?
Answer: Option
Explanation:
HSBC Mutual Fund launched RedHex SIF, a dedicated Specialised Investment Fund (SIF) brand in India, on May 4, 2026. The SEBI-approved investment structure is designed for experienced investors, institutional participants, and High Net-Worth Individuals (HNIs). The fund requires a minimum investment of ₹10 lakh and combines the transparency and governance standards of mutual funds with the flexibility of advanced asset management strategies. RedHex SIF focuses on theme-based portfolio construction along with strong risk management practices. HSBC Holdings plc, headquartered in London, operates in 56 countries and territories and is one of the world’s leading banking and financial services organisations.
Date : 2026-05-05
5.
Which organisations collaborated to launch a biometric authentication system for card transactions in 2026?
Answer: Option
Explanation:
Flipkart, Axis Bank, and PayU jointly introduced a biometric authentication system aimed at enhancing the security of digital transactions. This system replaces traditional SMS-based OTP verification with advanced methods such as fingerprint and facial recognition. The initiative addresses the rising concerns of digital fraud, which has significantly increased in recent years. By implementing device-binding protocols and secure authentication flows, the system reduces risks like SIM-swap and OTP interception. It also aligns with regulatory guidelines issued by the Reserve Bank of India, ensuring safer and more reliable digital payment experiences for users.
Date : 2026-05-02
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