SwirlyMochi
SwirlyMochi

How does fintech apps work?

Usually many apps can access our fin data with just our pancard ryt. Ind money didnt even ask for my pancard. Just from my number they gave everything. My pancard details, upi ids. Credit cards, bank account etc. how do they work. If i create an app, apply for some licence will i be able to get all this information? Will they check security of the database etc before giving licence..

14mo ago
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JumpyMochi
JumpyMochi

"COMPLIANCE" You will need to spend loads of money to make your software fully compliant as per industry standards.

JazzyWalrus
JazzyWalrus

be extra careful with what permissions you give to any apps (not just loan apps). They extract contact info and even automatically apply for loan without your permission by reading OTPs

ANY APP THAT CAN READ OTP CAN ALSO WIPE YOUR BANK ACCOUNTS

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by FuzzyPickleSoftware Engineer

Stable Money is the new CRED ?

I wanted to share one of my latest discoveries ✨

Found about this App via linkedin. As of now, its a convinient way to create FD’s without creating bank account in a particular bank. They are offerring bunch of rewards to do this . How ...

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by SillyHamsterAdvertising Sales

Slice launched a…UPI app?

Why do this when there are no UPI fees and an abundance of UPI apps already?

No hate. Just curious why they’d build this

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user

Have to raised the next few 100m$ da! In the name of finance for Bharat ;-)