Innovation in Retail Banking
FinTech Content

Innovation In Retail Banking Report 2018 Highlights

Infosys Finacle, part of EdgeVerve Systems, an Item subsidiary of Infosys, and Efma, a not for profit organization, launched the 10th annual study on innovation in retail banking. The report is written by Jim Marous, Publisher of the Digital Banking Report and Co-Publisher of the financial mark. Celebrating the 10th …

ORacle Open World 2018-lakshmi-vishal
FinTech Trends

Teknospire – Our Experience @ Oracle Open World 2018, San Francisco.

As we set foot on to the red carpet at Moscone Centre San Francisco the venue of Oracle Open World 2018, we sank to the innovative energy around us. Dressed in formals and semi-formals 60,000 customers and partners from 175 countries were eager to exchange synergies and collaborate. Teknospire, a …

User-Experience2017
FinTech Trends

Teknospire’s FinX Mobile Money Suite – An Exceptional Mobile Payment System

Teknospire’s FinX Mobile Money Suite distinguished for its Exceptional Mobile Payment Systems User Experience by Popular Business Software Directory. Teknospire is deeply humbled to have its mobile payment software, FinX Mobile Suite, receive the 2018 Great User Experience award from popular business software review platform FinancesOnline. The award was given …

Open Banking Enabling Financial Inclusion
Financial Inclusion

How Open Banking can Help in Financial Inclusion

Jonathan a villager who supplies vegetables to the branded supermarket in the city needs to submit monthly invoices [physical copy] to get the payment.He has a bank account but still has to maintain a physical copy of the number of vegetables supplied with the offer price. Recently he got to …

Best Pratices for Open API Deisgn
Technical Updates

BEST PRACTICES TO OPEN API DESIGN

API or Application Programming Interface, when I first heard of this term, I thought it to be some form of magical code that helps in fewer bugs and improves quality. However, after exploring, I got to know how deeply I was wrong.  API’s that are part of modern mobile and …

Agent Banking
Financial Inclusion
2

Agents Enabling Financial Inclusion

Agents are the face of change to people’s financial security and independence. What is an Agent? What is a Business Correspondent?     Why We Need an Agent?   Modes Of Operation Of Agent   Come and signup for Teknospire Agent Banking Solution, and help in enabling financial and social …

Banking need to be Omnichannel
FinTech Trends

Why do Fintech Start-ups need to be Omnichannel and not Multichannel?

A few years back when we were looking for a Locker facility in our neighborhood, we found the state cooperative bank as the best choice. With the focus on availing only the Locker facility, we never explored the options like internet banking or mobile banking for the bank. Later with …

Four Pillars of Digital Banking
FinTech Trends

FOUR PILLARS OF DIGITAL BANKING

Banks are aware of the fact that they are no longer serving the traditional customer base, they are in dire need to transform their business models and stay relevant in the industry. Here are the four pillars that could help the banks in realigning their business models either with a …

Myths of Open Banking
FinTech Trends
1

SIX MYTHS OF OPEN BANKING

Its just six months that PSD2 came into force, and the Open Banking Implementation Entity (OBIE) stats demonstrate that in June, there have been 1.2 million uses of open banking API’s, up from 720,000 in May. Another report from the Open Data Institute and PwC highlight that the Open Banking …

Open Banking Ready
FinTech Trends

IS YOUR FIRM OPEN BANKING READY?

Open Banking Rule was introduced in January 2018 with a prime motive to empower customers. Today where “Experience, Convenience and Priority” means customer service, Open API Banking is an initiative to streamline the banking services and put the customer first. Open Banking protocol advises financial institutions to use Open API …