Top 6 Banking Trends for 2021 and Beyond
January 28, 2021 Top 6 Banking Trends for 2021 and Beyond Industries across the world dealt with the challenges hurled at them in 2020 and emerged stronger. Banks, financial institutions, and credit unions weren’t immune to the effects either but implemented innovative technologies to ensure business continuity in the wake of the pandemic. These institutions […]
Digital Banking: A Pre-requisite in the ‘New Normal’
December 15, 2020 Digital Banking: A Pre-requisite in the ‘New Normal’ The global banking industry was moving towards digitization even before the COVID-19 pandemic hit. Neobanks or digital-only banks have been a part of the banking ecosystem for quite some time and have co-existed with the traditional banking entities, which have also started going the […]
Mobile Wallets: Gaining Popularity During the COVID-19 Pandemic
November 12, 2020 Mobile Wallets: Gaining Popularity During the COVID-19 Pandemic COVID-19 has reshaped every aspect of our lives. It has impacted the world economy and altered the way we do business and make payments. By reiterating the importance of going cashless, the pandemic has boosted the adoption of digital payment methods. Our apprehensions about […]
6 Reasons Why Governments are Opting for Digital Subsidy Distribution Solutions
October 27, 2020 6 Reasons Why Governments are Opting for Digital Subsidy Distribution Solutions Government to Person (G2P) payments have risen in importance across the world, with government agencies and NGOs opting for these services to respond to the social and economic repercussions of COVID-19. Up until September 2020, close to 208 countries had announced […]
How to Overcome the Challenges of International Remittances amidst Covid-19?
June 29, 2020 How to Overcome the Challenges of International Remittances amidst Covid-19? International remittance is regarded as one of the most important forms of financial inflows for developing and under-developed countries. Cash coming in from developed countries helps poverty-stricken and underprivileged families to sustain. Cross-border payments in the pre-COVID era looked quite promising with […]
Subsidy Disbursement System: Driving Social Protection During COVID-19
June 1, 2020 Subsidy Disbursement System: Driving Social Protection During COVID-19 COVID-19 has impacted businesses all over the globe, bringing the entire world to a screeching halt. Along with infecting millions of people, the disease has affected the economy to a point where the situation looks bleak for multiple segments of populations. Economically, the worst […]
5 Mobile Financial Services Trends to Watch Out for in 2020
January 23, 2020 5 Mobile Financial Services Trends to Watch Out for in 2020 Gone are the days when carrying out banking transactions meant standing in long queues during the designated hours at the nearest bank branch. Banking services such as bill payments, money transfers, remittances, beneficiary management, balance checks, availability of financial products and […]
Agent Banking: Transforming the Banking Industry
January 2, 2020 Agent Banking: Transforming the Banking Industry Agent banking has gained a lot of traction in areas where it is not feasible for banks to open full-fledged physical branches due to cost, manpower, network unavailability, or other constraints. The underdeveloped and developing countries have benefitted immensely from the emergence and outreach of agent […]
Digital-only Banks: Creating a Niche in the Banking Sector
October 14, 2019 Digital-only Banks: Creating a Niche in the Banking Sector On hearing the word ‘bank’, the picture that usually materializes in our minds is that of a branch, a long queue and lots of paper work. While most banks have taken the digital approach already, they are not quite ready to wholeheartedly let […]
How Fintech is Changing the Dynamics of International Remittance
July 30, 2019 How Fintech is Changing the Dynamics of International Remittance Migrant workers all across the world send billions of dollars to their families in home countries, resulting in International remittances becoming a huge part of the GDP of some underdeveloped and Low and Middle Income Countries (LMICs). As per the International Fund for […]