Open Banking in simple terms

  Traditionally Banks have argued that any customer data belonged to them and access was given to that data only to customers. This changed in 2016 with the advent of regulations like PSD2 (Payment Services Directive 2) which is part of the larger Open Banking reforms. It was emphasized that customers need to have the control on their data and should be able to share it with any regulated third parties for their own benefit.…

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India Budget 2020 – What it means for you

  Here is a summary of the key aspects of the Union Budget 2020 from India which would impact individuals who are Resident Indians or Non Residents Indians as per their tax jurisdiction. Personal Income Tax The Union Budget for 2020 has introduced anĀ optional simplified personal income tax regime which can be used when you do not avail any deductions and exemptions available in the Income Tax rules. Tax payers can however continue to use…

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