Digital Banking vs. Fintech Digital banking primarily focuses on digital transactions.

Fintech is a combination of finance and technology encompassing a broader range of financial services.
API Apps and their Significance Provided examples of various API apps highlighting their importance in enabling seamless interactions between different financial systems.

Brief History of Fintech
The session covered a brief overview of the historical development and evolution of the fintech industry showcasing its growth and impact. Digital Card Payments The process of digital card payments was explained emphasizing the transition from traditional cash transactions to digital payment methods.

UPI Transactions
The session delved into the functioning and end to end architecture of Unified Payments Interface (UPI). Prepaid Payment Instruments (PPIs).
The concept of prepaid payment instruments was discussed categorizing them into closed semi-closed and open systems. Embedded finance was introduced as a growing trend where financial services are seamlessly integrated into non-financial platforms enhancing user convenience.

Account Aggregators
Account aggregators were explained as platforms that facilitate the flow of financial data between institutions with the users consent.

OCEN (Open Credit Enablement Network) OCEN was introduced as a transformative network that shortens the duration for lending processes.