ET Money logs Rs 2,000 crore in mutual fund sales on app

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The app has added multiple features to become a full-service financial services provider on the phone over time.
NEW DELHI: ET Money has clocked Rs 2,000 crore of mutual fund sales on its app, registering a nearly twentyfold increase in sales of the financial product over the past fifteen months.

The online financial services platform had started offering investors the choice to invest in direct mutual funds a few months ago and has witnessed exponential growth ever since.

“The growth in value of transactions is due to the pace at which we have launched innovative offerings for the customer and the addition of direct mutual funds to our platform,” ET Money’s chief executive officer Mukesh Kalra said. ET Money’s ability to provide customers a wide range of solutions, including loans to meet short-term funding requirements had increased the platform’s credibility and users confidence in the app, according to Kalra.

The Times Internet-backed company started operations two years ago as an app that linked into the user’s SMS log and enabled him/her to maintain a roster of monthly expenses. It has added multiple features to become a full-service financial services provider on the phone over time. Times Internet is a subsidiary of BCCL, the publisher of this newspaper.

Within a short span of time, ET Money has struck collaborations with over twenty asset management companies to offer a range of over 1,000 mutual fund schemes. It also has a tie-up with RBL Bank to provide loans to customers and recently introduced a liquid fixed deposit scheme that offers higher interest rates in comparison to traditional savings accounts.

“We are aiming to grow to Rs 5,000 crore of mutual fund transactions in the next 12-18 months,” Kalra said, expressing confidence that the movement towards investments in financial assets by people who have disposable incomes will create the right conditions for his business.

Over the last 18 months, ET Money has introduced a slew of industry-first offerings like SmartDeposit with Instant Withdrawal, Paperless KYC, One-tap Portfolio Buys, SIP Registration without First Installment and Option to Skip SIP Installments.

It has also launched a unique feature to enable existing investors save agent commissions on their existing mutual fund investments by instantly allowing them to switch to direct plans.

With an aim to play an integral role in a modern Indian’s financial life, ET Money has expanded its offerings providing instant personal loans through its app along with Insurance products via ETInsure. This has helped to grow it’s total transactions across all services to an annual figure of over Rs.2,100 Crores which is growing at 200% every six months, the company claims. The ET Money app is available on Android or iOS.

[“source=economictimes.indiatimes”]

New app allows two-factor authentication for all apps

Rivetz Authenticator protects your identity using the secure hardware

The traditional method of using a username and password is no longer sufficient to protect your banking, social media, emails and other digital accounts. Passwords can easily be forgotten or even stolen, making two-factor authentication are integral in protecting your identity and online account access.

Two-factor authentication (2FA) does an excellent job securing your digital accounts, but what happens when your phone is stolen or gets misplaced? Or what if you’re updating to a new device and have to re-authenticate everything? And, even if you have the keys saved, manually resetting two-factor authentication for every account is going to take its fair share of time.

Rivetz is a mobile cybersecurity specialist that is ending all your 2FA woes with the launch of a new Authenticator app. Rivetz’s Authenticator app is the first two-factor authentication solution with backup and recovery. The app recovers 2FA keys using a mobile’s existing hardware security capabilities, while also giving you complete control over encrypted backup files. The app was created to eliminate frustrations users face with their 2FA accounts when migrating to new devices.

While 2FA apps generate their code in software, Rivetz Authenticator generates codes in a phone’s hardware chipset, protecting them from phishing attacks, malware and the other threats. This secure hardware chipset is called Trusted Execution Environment, which is already embedded in millions of Android devices. The app also features a Trusted User Interface (TUI) for supported devices that ensures malware doesn’t infect a transaction.

Rivetz Authenticators is engineered from scratch, using hardware-based trusted processing. It is compatible with all your favourite online services like Twitter, Facebook, Gmail, Coinbase, Binance, work accounts and more. The Authenticators also monitors the state of your device for changes caused by spyware or malicious malware software, and will instantly notify you if any such change is detected. You can save all your services as encrypted backups and easily recover then if your phone is lost or stolen. Rivetz strongly believes in prioritising privacy, which is the primary reason why the app functions offline within your device.

[“source=moneycontrol”]

Now Paytm Money users can track all their mutual fund investments on its app; claims over 1 million customers

Mutual Fund, Mutual Fund Performance In 2018, Equity Mutual Fund, Large Cap, Mid Cap, Small Cap, ELSS, Top Gainers Fund, Top Losers Fund

Paytm Money claimed of registering over 1 million users within six months of launch.

Popular online payment platform Paytm has said that its users would now be able to track the performance of their mutual fund investments on its subsidiary portal Paytm Money for free.

Investors would have to upload their Consolidated Account Statement (CAS) generated via Karvy Fintech on Paytm Money to track their all investments in their portfolio on the Paytm Money app, the company said in a statement.

Paytm Money claimed of registering over 1 million users within six months of launch.

Mutual fund investors putting their money via multiple channels including asset management companies, banks, advisors and distributors don’t get to look at the performance of their investments cohesively under a single platform.

Investors who haven’t invested via Paytm Money app can also track their daily portfolio performance irrespective of their channel or the mode of investment.

“We received many requests & feedback from Paytm Money users to be able to import their external investments to our platform. This assists an investor in keeping track of all investments in one place, further helping in their investment decisions,” said Paytm Money whole-time director Pravin Jadhav.

Paytm Money claimed to have partnered with 34 asset management companies covering over 94% AUM of the mutual fund industry.

Paytm’s mutual fund arm operates from Bengaluru and has a team of over 250 members Paytm Money, which aims to become a full-stack investment and wealth management services company, offer users mutual fund investments starting with Rs 100 via systematic investment plan or lump sum mode.

Recently at the World Economic Forum in Davos, Paytm’s chief financial officer said that the company is looking at expanding to 1-2 more developed markets this year. He told Reuters that the company has already found its footing in Canada and Japan while many of its commerce and financial services businesses have started to generate revenue and profits.

The company is also reportedly planning to expand into lending and credit cards services.

[“source=financialexpress”]

Google ‘App Maker’ Low-Code Tool for Building Business Apps Now Generally Available

Google 'App Maker' Low-Code Tool for Building Business Apps Now Generally Available

HIGHLIGHTS

  • App Maker is G Suite’s low-code application development environment
  • Google first launched the App Maker in November 2016
  • App building tool would allow developers access to 40 Google services

Google has made App Maker, its low-code tool for building business apps, generally available and open to all developers, a year and a half after the launch of its beta version.

“Today, we’re making App Maker generally available to help you rethink how your teams operate,” Geva Rechav, Product Manager, App Maker, wrote in a blog post late on Thursday.

“App Maker is G Suite’s low-code application development environment that makes it easy for teams to build custom apps to speed up workflows and make processes better,” Rechav added.

Google first launched the App Maker in November 2016 and made it available through its Early Adopter Program for G Suite Business at that time.

It was created with the idea of enabling line-of-business teams to create bigger apps, revamp company processes, resolve help desk tickets and more.

The new features include a built-in support for Cloud Structured Query Language (SQL), responsive templates, a drag-and-drop user interface design and declarative data modelling.

It would also come with Expanded OAuth Whitelisting controls to let administrators prevent apps from running without their approval.

In addition, the app building tool would allow developers access to 40 Google services including Gmail, Google Calendar, Sheets and other data sources, Rechav said.

The App Maker is now available to all G Suite Business and Enterprise customers, as well as G Suite for Education customers.

[“Source-gadgets.ndtv”]