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Ketharaman Swaminathan

Ketharaman Swaminathan

  In between, the Indian banking regulator drastically increased the scope of merchant due diligence that payment aggregator license holders like Stripe need to carry out to onboard new merchants. It was earlier like KYC that could be carried out by the merchant in self-service mode. It has now become like KYB that needs to be carried out by PA via physical verification. Experts told Economic Times last month that the change in reg announced by RBI would increase efforts and costs for PAs and slow down merchant onboarding by 9X. Notwithstanding what Stripe is saying about commitment to India now, I wouldn't be surprised if it's effectively bidding sayonara to the Indian market, just like many merchants did on the back of Reg Emandate announced by RBI for recurring payments 2.5 years ago.
Hitesh Thakkar

Hitesh Thakkar

  Stripe received Payment Aggregator license (in-principle) in early 2024 so now next step is to put up infrastructure which as per regulator (RBI) need to follow it's cyber security controls, process and procedures. Back of the envelope calculation on timeline  1 3 to 4 months to setup infra and controls.DC + DR ( In India). 2. 3 to 4  months for PCI and ITGRC norms audits May or June 2025 seems reasonable cooling time justified.
Ketharaman Swaminathan

Ketharaman Swaminathan

  As I highlighted in my company blog post Mastering Targeted Offers – The Uber Way several years ago, I don't know a better practitioner of targeted advertising than Uber. Smart move by PayPal to hire an ex-Uber executive to lead up its new advertising business. 
John Davies

John Davies

  I'm a huge fan of Mistral for many reasons; It's European to start with and therefore not (potentially) restricted by the new ridiculous laws being proposed in California. It is by design, multilingual which is critical for a European market. it is a serious contender not just in the generalised GPT race but very specifically in open source LLMs. Mistral's open LLM's are not just amongst the best, but for many months have been undisputedly THE best. The Mistral 7B (v0.3), release less than a week ago, is incredible for function calling, beating Meta's Llama 3 released only weeks earlier. Je me sens même obligé d'écrire en français, je suis très fier d'avoir une société comme Mistral en Europe. I believe Mistral will play a strong part in the future of privacy in European, and global, AI. Viva Le Chat!

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