From assisting leading banks with creating tech-first mechanisms for banking processes to pioneering India’s first trade finance platform and digital-only bank, we’ve led the way.
Spice Route Legal
Technology in Banking
The Indian banking sector is coming of age with the integration of technology and we have been at the forefront of this development. From assisting the banking mammoths in creating tech-first mechanisms for banking processes to setting up India’s first trade finance platform for banks and to creating India’s first “digital-only” bank- we have done it all! We specialise in navigating the intricacies of the ever-evolving landscape of technology in banking, which encompasses Open Banking, Bank Outsourcing, Neo-banks, and Digital Banks. With a knack for navigating complex and developing regulatory landscape and experience in bringing one of the world’s oldest industries up to date on technology, we have expanded our practice beyond the basics, and now advise on most of the complex regulatory structuring in the financial services sector.
Advised India’s largest commercial bank on its partnership with a leading software company to create and launch India’s first digital-only bank.
Assisted a Banking-as-a-Service (BaaS) company with end-to-end advisory pertaining to its application to the regulator or a licence to undertake open banking activities.
Advised the world’s leading financial data aggregator on redesigning its technological infrastructure, data storage, and encryption mechanisms, triggered by the scrutiny of the regulator during the pendency of a licence application.
Assisted a platform that enables financial institutions to facilitate transparency and innovation with its AA licence application and with liaising with the RBI during the pendency of the licence.
Assisted India’s largest commercial bank with acquiring a market-leading wealth management technology as part of an effort to digitise the bank’s products and services.
Assisted on over 50 bank outsourcing projects in 2022.
Key contacts
Mathew
Chacko
Chacko
Ankita
Hariramani
Hariramani
Soumitra
Ponkshe
Ponkshe
Ruchika
Jha
Jha
