Transforming Banking with Omni-channel Approach
November 23, 2020 Transforming Banking with Omni-channel Approach The world is going through unexpected circumstances with COVID-19 changing the strategy for almost every industry. The banking industry was already going through renaissance with cashless transactions and the digital banking approach. But today with more and more contact restrictions coming into picture, it has become a […]
Reimagining Payments through National Payment Switch
October 6, 2020 Reimagining Payments through National Payment Switch These are interesting times to be in the payments industry. While the world is battling with both health and economic challenges, the payments industry has an uphill task to ensure more and more people can take advantage of the cashless boom. This is definitely not a […]
Mobile Wallet: Changing the Dynamics of Digital Banking
August 24, 2020 Mobile Wallet: Changing the Dynamics of Digital Banking A balanced payment ecosystem is where the four pillars of a digital payment process are benefitted. These are – consumers, merchants, banks, and digital banking platform provider. The world is witnessing a move from cash to digital payment options with increased number of smartphones, […]
Accelerating Innovation in Africa through Regulatory Sandbox
August 6, 2020 Accelerating Innovation in Africa through Regulatory Sandbox Africa’s banking market is one of the fastest growing, second-most profitable of any global region, and a hotbed for innovations. Fintech has a key role to play in enabling and promoting development of financial sector in Africa this includes both financial institutions and digital banking […]
Understanding Mobile Banking Frauds
July 14, 2020 Understanding Mobile Banking Frauds Our phones have become a window to the world. Be it online shopping, entertainment, social media, online classes, recharges, bill payments or banking, a digital banking solution is a go-to spot for the customers. Most of the tasks are now possible on just a 5-inch screen. This phenomenon […]
Crisis Management through Microcredit
June 8, 2020 Crisis Management through Microcredit The world is going through extraordinary times where both lives and livelihoods are at stake. COVID-19 has resulted in most industries being unsure about their future. Every strata of the society have been affected by the pandemic, but the most worrisome of all are the underprivileged. We have […]
Payment Banks: Challenging the Norms
April 28, 2020 Payment Banks: Challenging the Norms Challenger Banks or the Payment Service Banks (PSBs) have erupted as an efficient alternate banking solution across the world due to their ease of convenience. When we focus particularly on the more economically backward countries, we will notice the fulcrum PSBs have provided in order to make […]
How and Why of Cryptocurrency Derivatives Exchange
March 5, 2020 How and Why of Cryptocurrency Derivatives Exchange It was the summer of 2018 when the Cboe Global Markets Inc expressed its desire to expand beyond Bitcoins future. Why you would ask? Clearly, because Cryptocurrency Derivatives Exchange are the rising stars of the crypto market. The Cboe aims to build a Crypto-complex and […]
International Remittances: 2020 and Beyond
January 13, 2020 International Remittances: 2020 and Beyond According to a report from Juniper Research, international digital remittances will reach $525 billion by 2024, up from an estimated $332 in 2019. This accounts for 41% of international digital money transfers by volume in 2024, up from 33% in 2019. The data here is a clear […]
Understanding Telecom Frauds
November 20, 2019 Understanding Telecom Frauds Frauds are a reality and as we are progressing further adding more technology to our lives, frauds are only getting closer. According to the Communications Fraud Control Association (CFCA), the telecom fraud amounted to a whopping $30 billion globally last year. BICS’ international carrier customer base blocked more than […]