Decentralized Network
Technical Updates

NEED OF THE HOUR – ADOPTION TO A DECENTRALIZED DISTRIBUTED NETWORK?

We are seeing technology-driven networks replacing bureaucratically-driven hierarchies,” says VC and futurist Fred Wilson. It seems Big Data buzz has ended, the need of the hour is not on how to gather data but “how to protect it”? How to stop it from being hacked or access by unauthorized third …

Open Banking Use cases
Technical Updates

OPEN BANKING – EXAMPLES, USE CASES, IMPLEMENTATION, OPPORTUNITIES

In olden days or even a decade back Banking as a service [BaaS] was only taken by trusted entities – BANKS. However, with the technology innovation Banks, Fintech and GAFA [Google, Apple, Facebook, and Amazon] are tapping onto the opportunity open up by the PSD2 directive to offer BaaS. While …

From Another point of view
Technical Updates

TechFin or FinTech

Sometimes you need to look at things….from another point of view. This is exactly what you need to do when you have to decide between Fintech and TechFin as there is a very thin line which differentiates them from each other. It’s your pick between the innovator v/s the reigning. …

Banks and Technology
FinTech Products Market Survey

Technology Needs of a Payment Bank and Small Finance Banks, Fintech firms and Their Banking Solutions

Banks and Technology  In Part One of our Bank and Technology series we spoke about the technologies needed by Public Sector Banks, Private Sector Banks, and Foreign Banks and in Part two we narrated technologies desirable by Regional Rural Banks [RRB’s] and Cooperative Banks [ State and Urban Cooperative Banks]. …

BanksandTechPart2
FinTech Products Market Survey

Which Technologies Should Be Adopted By Regional Rural Bank And Cooperative Banks ?

Banks and Technology In our Part One of the Banks and Technology Series we spoke about the technologies needed by Public Sector Banks, Private Sector Banks, and Foreign Banks. This post is part 2 of the same series, and we would continue our discussion on technologies desirable by Regional Rural …

BanksandTech
FinTech Products Market Survey

Which Technologies Do Public, Private Sector and Foreign Banks Need to Adopt ?

What could be the list of financial services for a child? Well, hypothetically he could use all, but necessarily he just needs a bank account/fixed deposits for his savings. Hence, most of the banks offer a minor account that allows parents to open in the same bank. Well, this may …

CBIInsights
FinTech Products Market Survey

Artificial Intelligence in Fintech and Payments – The Impact and Challenges

Artificial Intelligence [AI] storm is here, enterprises working hard to deliver the best of the solutions. Fintech firms are strategizing their approach and research firms calculating the impact and its reach. No one is spared. Be it the big investment banks like Wells Fargo or Morgan Stanley or the fintech …

Country wise Mobile banking penetration for the period ending Jan2017
FinTech Products Market Survey

10 Desirable Wallet Features Post UPI

Countries across the world especially India have envisioned digitalization across all its sectors including the BFSI sector. Accomplishing this mission would involve a series of transformations especially in the banking sector. However, in the last decade, the BFSI sector has taken long strides towards digitization. Online banking started the chain …

Compliance and Technology
FinTech Products Market Survey

How Cloud Computing is helping FinTech Firms in being #GloballyCompliant

Compliance and Technology One of my colleague who is a dire fan of #cashless and #Digitization, while packing his bags asked me – Will I be able to pay with Amazon Pay during my onsite visit to Germany? You should be, they have their operations in Germany. But your account …

Agency Banking
FinTech Products Market Survey
2

Agency Banking and Bitcoin

#An Agency banking stand Pic courtesy:Teknospire Emerging markets are witnessing the rise of two banking forms that cater to its unbanked segment: Agency Banking and Bitcoins. For persons not belonging to the banking and the tech fraternity, these words are nothing but Greek and Latin. Questions like What do they …