Friday, August 18, 2023

Business correspondents expand into credit, insurance; Tata shifts focus to B2B digital solutions entity

Business correspondents (BCs) are being roped into the government’s financial inclusion plans in a big way. Besides providing traditional services such as account opening and payments, these last-mile banking intermediaries have now ventured into more complex areas like credit and insurance. This and more in today’s Morning Dispatch.

from Tech-Economic Times https://ift.tt/4lNFt3i

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...