The Rise of Digital Wallets: Preparing Banks for a Stronger Future
March 13, 2023 The Rise of Digital Wallets: Preparing Banks for a Stronger Future Digital payments have been a significant topic in the banking and financial services sector since the emergence of payment systems that work seamlessly with mobile devices, in-app methods, and browsers. It prompts innovations from various players, from banks and digital giants […]
8 Reasons You Should Switch to Biometrics Authentication for Digital Onboarding
March 6, 2023 8 Reasons You Should Switch to Biometrics Authentication for Digital Onboarding Many industries leverage AI-powered smart biometrics solutions to counteract security threats and meet updated know-your-customer (KYC) standards during client onboarding. Advanced biometric authentication provides an additional layer of fraud prevention by digitizing the processes for e-KYC. Digital onboarding based on e-KYC […]
Microfinance’s Big Impact on Africa’s Economic Growth
February 20, 2023 Microfinance’s Big Impact on Africa’s Economic Growth Some major issues that African people are battling include intra-state conflicts, unconstitutional government changes, high unemployment, extreme poverty, and hunger. As a result, the lack of financial inclusivity prevents small enterprises, smallholder farmers, and most of the poor population in Africa from accessing services provided […]
5 Megatrends Influencing the Future of Mobile Wallets
February 14, 2023 5 Megatrends Influencing the Future of Mobile Wallets The combined purchasing power and influence of millennials and Gen Z will shape the world of commerce in the future. Businesses must collaborate with financial institutions, fintech companies, and app developers to understand purchasing behaviors and preferred payment methods. These generations are increasingly embracing […]
Tracing the Progress of Digital Payments till 2023
February 8, 2023 Tracing the Progress of Digital Payments till 2023 The emergence of digital payments has changed the definition of making and accepting payments. The frictionless and convenient experience of the digital payment ecosystem makes it an irreplaceable part of the modern-day lifestyle. Apart from banks, fintech companies, tech giants, and e-commerce platforms are […]
Omnichannel Banking: 5 Stages of Joining the Digital Dots
January 23, 2023 Omnichannel Banking: 5 Stages of Joining the Digital Dots The banking sector has long evolved from a brick-and-mortar distribution system to a multichannel set-up. However, today’s customers expect consistent brand experience across various touch points, which requires banks to implement omni channel banking architecture. Such an omnichannel environment enables banks to achieve […]
Microfinance Solving the Puzzle of Economic Development in Latin America
January 16, 2023 Microfinance Solving the Puzzle of Economic Development in Latin America Developing countries around the globe struggle to supply resources to poor and low-income sections. Although social programs are an option, creating dependence amongst the intended beneficiaries remains challenging. It gave birth to microfinance institutions as a cooperative movement that sought to deliver […]
Omnichannel Banking: Delivering Sustainable Customer Journeys
December 12, 2022 Omnichannel Banking: Delivering Sustainable Customer Journeys Frequent customers expect retailers to make relevant product recommendations based on their shopping habits. Banking customers are not an exception. Today’s digitally empowered consumers demand banking services according to their individual preferences anywhere, anytime, and however, they interact. Here, omnichannel digital banking solutions create opportunities to […]
The Future Bank: Digital Disruption to Stay Ahead of the Game
December 6, 2022 The Future Bank: Digital Disruption to Stay Ahead of the Game Today’s competitive & economic challenges are making the status quo shaky for the banking world. The macroeconomic solutions industry is surviving a slump associated with the pandemic continues to weigh down on the industry’s bottom line, with hardly any expectation of […]
e-KYC: The Key to Digital Financial Empowerment in Africa
November 20, 2022 e-KYC: The Key to Digital Financial Empowerment in Africa Digital financial solutions have been the answer to the barriers to accessing banking services in African countries. Some of these barriers are irregular or informal incomes, lack of identity documents, and geographical remoteness. The key to sustainable digital financial products in Africa is […]