Non-bank financial institution

Money Services Business Association (MSBA) Expands by Integrating National Money Transmitters Association

Retrieved on: 
Wednesday, September 5, 2018
Economy, Payment systems, Money, Finance, E-commerce, Money transmitter, Payment processor, Mobile payment, Non-bank financial institution, Payment, Bank

MONTVALE, N.J., Sept. 5, 2018 /PRNewswire/ --The Money Services Business Association ( MSBA ), a trade association focusing on the non-bank money services industry, announced today it has integratedinto its operation the services and capabilities of the National Money Transmitters Association (NMTA).

Key Points: 
  • MONTVALE, N.J., Sept. 5, 2018 /PRNewswire/ --The Money Services Business Association ( MSBA ), a trade association focusing on the non-bank money services industry, announced today it has integratedinto its operation the services and capabilities of the National Money Transmitters Association (NMTA).
  • With the consolidation of the two entities, the MSBA is the only broad-based trade association focused on tracking state and federal legislation and regulation for the money services business industry.
  • The MSBA and its company members work to increase public awareness of the essential services provided by the money services industry, to encourage continuous safe innovation and to improve the environment and access to banking services for the money services business industry.
  • The Money Services Business Association, Inc. or MSBA is a trade association focused on the non-bank money services industry, including licensed money transmitters their agents/authorized delegates, payment card issuers and distributors, payment processors, international remittance companies, bill payment companies, mobile payment application providers, payment aggregators, virtual currency exchanges and administrators, e-Wallet providers and other similar money services providers that are engaged in payments.

Nitstone Finserv to Commence NBFC Operations

Retrieved on: 
Thursday, July 12, 2018
Non-bank financial institution, Bajaj Group, Bajaj Finserv, Bajaj Finance

Nitstone Finserv announced today that they got RBI approval to operate NBFC, which will help promote inclusive growth in the country, by catering to the diverse financial needs of various segments of the society.

Key Points: 
  • Nitstone Finserv announced today that they got RBI approval to operate NBFC, which will help promote inclusive growth in the country, by catering to the diverse financial needs of various segments of the society.
  • Headquartered in Bengaluru, Nitstone plans to commence business in Bengaluru, followed by branches in Pune, Hyderabad, Chennai during the current financial year and has a nationwide expansion plan in coming years.
  • Mr. Govindankutty Edaden, Executive Vice President, Nitstone Finserv said, "The Non-Banking Financial Companies (NBFCs) have rapidly emerged as an important and alternative lending option to provide financial support to the various sectors.
  • Nitstone Finserv Private Limitedis a technologically equipped NBFC Company taking radical approach to lending and financing.