nFiNi Platform – NPCI and Finserv

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14 September 2021 Current Affairs:NPCI (National Payments Corporation of India) in partnership with Fiserv Inc. to launch the plug-and-play RuPay savings card stack, ‘nFiNi’. nFiNi is a ready stack of offerings required for fintechs and banks to difficulty RuPay credit cards and will enable fintech to co-create bank-sponsored credit cards. It is a BaaS (banking-as-a-service) programme.

About the platform:
♦ The nFiNi platform will power RuPay cards (including National Common Mobility Card) with the aid of imparting access to wished services via the NPCI community blended with FirstVisionTM cloud-based open API integrations from Fiserv. This will deliver significant efficiencies for banking and fintech institutions at various degrees in phrases of operations and patron management. The programme will further allow these establishments to extend their market base to new-to-credit customers.

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