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.
The 2015 ”Digital India” campaign along with the 2016 “Demonetization” drive paved the way for the digitization of the Indian economy.
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.
After a short break, I am back again to take my readers on an another tour of agency banking.
Hon’ble Indian Prime minister Mr. Narendra Modi said – I dream of Digital India where mobile and e-banking ensure financial inclusion.
May 2017 would be remembered as one of the horrifying months for many firms and individuals who were under threat of WannaCry, followed by Petya.
On my latest holiday trip, my host was listening to the “Breaking Banks" podcast series on her android phone which set the ball rolling for my next blog “Can podcast play an important role in spreading fintech awareness”.
Artificial Intelligence [AI] storm is here, enterprises working hard to deliver the best of the solutions.
Countries across the world especially India have envisioned digitalization across all its sectors including the BFSI sector.
We human are strange in behavior. First, we look for various options, and then we look for one option that serves to all. Don’t believe me? A single Windows login to access all your office systems?
While the human mode says NO to machines and robots, the techie inside us craves for hands-on experience to all the latest technology. A few days back when I experienced the Augmented Reality in real, I was awestruck, and my hands itched for more, I wanted to build more use cases for what I experienced, I yearn for what next? And then I stumbled upon Cloud Robotics
In continuation to our earlier blog ”Benefits From Agency Banking”, this blog would highlight the importance of agent bankers in rural banking.
What banking services are needed by rural areas and How fintech tools and technology could enable them ?
Cashless Payments, Digital Economy, Financial Inclusion these buzzwords seem to be the modernized face of banks and fintech industry.
One a recent visit to our relative, he mentioned that in Zimbabwe Ndasenda with help of Teknospire’s Finx -Agency and payment Banking Suite was providing financial inclusion to the unbanked in remote areas.
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?
Emerging markets are witnessing the rise of two banking forms that cater to its unbanked segment: Agency Banking and Bitcoins.
Data is no longer measured in terabytes (a thousand gigabytes) but in zettabytes (a billion terabytes).Data is lifeless unless you have a tool to analyze and visualize it! In simple terms, an Analytical tool could prove to be a drop of water to barren unstructured, raw amorphous data.
Dreams become a reality when intentions turn into actions. The current post is all about this famous quote.
Fintech is best described as financial services initially being provided by banks now provided with the help of technology by banks and other tech firms.
It would be good to pick a cup of coffee/tea while you read this post, as visions are not minuscule that you read them and sideline them.
The most awaited and anticipated day in the India financial year is the Budget day. This year’s budget was slightly different compared to the previous budgets on its presentation.
The other day, my better half after reading that the Patym is transiting from a wallet company to a Payment bank with a frown on his forehead, came up and asked, is this conversion a start of new trend?
What is Cloud Computing? In Cloud Computing, the word cloud is used to refer to the internet, so the phrase cloud computing means a type of internet based computing where different service such as servers, storage, applications are delivered to an organization through internet.
First step to empower “Cashless India” was taken on 08-Nov-2016, three months later Government presented Union Budget 2017 to further boost the power of #CashlessEconomy in India.
Some people amazes you, especially when you least expect it.Introduction to a new concept of social impact
and the person behind it Chetna Vijay Sinha came to us as a web update.
Found that there could be synergies for teknospire and @MannDeshi in Lean Banking solutions.
Worldwide Software Testing Practices Report for 2015–2016 has predicted that QA would grow by 40 percent in 2017. The same report also highlighted that Test automation has become widespread in the market, with 72% adoption. Although with technology like Cloud, IoTs, and Mobile Apps, there had been new challenges...
How Would you like to celebrate this Women’s Day?
Before you attend a cake cutting ceremony in your office take a moment on how blessed are you because –
Nearly one of every three women in the world — or 1.1 billion — is excluded from the formal financial system
Time and again it has been proven – An issue caught in the later stages of an SDLC costs a firm a lot! Whenever it comes to cost cutting and as a response to tight timelines testing is one thing that gets eliminated from many SDLC. However, @Teknospire we believe in delivering only quality to our clients! That’s one of the reasons that testing is an integral part of our SDLC.
The Nov 8th demonetization announcement has given the Indian Fintech segment a lift. Newer apps being introduced to help the people tide over the current situation and digitize the economy.The recently launched apps are mainly payment solutions catering to the UPI payment system. To our nontech readers,United payment Interface or UPI is nothing but a smart-phone based money transfer system integrated on any banking app.
In FinTech domain considering vast types of service bouquet there is a need to have strong eco system between multiple stake holder.
Aggregator is the word visualized first when building eco system of stake holders in general. And this Aggregator role is context driven since there are multiple types and levels of aggregator presence is possible.This article attempt to bring multiple roles and aspects where aggregator presence is possible in FinTech eco system.
Could Pairing be fun? I am not sure about myself, but technology matching is fun! Do not believe me? Are you not enjoying your mobile/Laptop streaming on your 42’’ LED TV? Or Did you just install an anti-virus software on your new laptop? Or you are just planning to buy the new camera that has a built-in printer? Did you not pair up your mobile and speakers in your car via Bluetooth to listen to the music? It's hard to believe but we hardly use any “stand-alone device, ” and we always look for ways to pair the technologies to make our life merrier.
This article explains the problem statement that most of the International Donors like UNDP, WHO, USAID are facing in #africa for #grantdistribution to the last mile population and how #Teknospire is helping bringing #fintech #disruption to solve the overall problem.
Love Hate relationship with banks and customers is continuing. Let me explain the Indian scene. A decade back we only had banks…any payments it had to be routed through the banks… there was no other institution or method for it. So it entailed long waits in queue and filling of big forms. Have had instances when to finish a bank job a work day had to be bunked. Not that we were complaining! It was yet another excuse to bunk work those times
In one of our earlier blogs ”How #Demonetization is pushing us to go for #Cashless transactions” we had discussed the way demonetization has pushed us to opt for cashless transactions in continuation to that today‘s blog would discuss whether the non tech savvy people are ready to go cashless,what is holding them from going cashless and how we could help them out.
Will the new technology and innovation make Banks an extinct species? If India is stressing to go #cashless today, are we in a position to adopt blockchain? With small firms now financing small amount loans, the common man could skip the hassle of going to a bank? With Agent Banking providing services at your doorstep would banks be a lonely place?
Techies…. or nerds…. they need to be left at their bearings. You ask them to code for 24 hours a day…. the glee u see on their face is irreplaceable, but u ask them to manage people…. brrr… they would show their attitude… the same goes with an expression of what would give when they are asked to write on tech stuff…. or sometimes even talk of it. They are content with what they do…. don’t wanna talk about it.
Write of it… are you kidding???….
In the first post of our series on Agent Banking we spoke about how customers could benefit from Agent Bank and make “Banking a need” . The second post of the same series will highlight how Agents are the face of change to people’s financial security and independence.
This is interesting!
While browsing the Google Trends, Word “Demonetization” has peaked the search results and is one of the top keywords that is being looked upon on the web in India.
We might be in a turbulent state with the phenomenon of “Demonetization” but we are not alone, quite recently even Zimbabwe and the Philippines demonetized their currency. Teknospire that is working to provide sustainable solutions of digitization to Fintech and Health Solutions has their operations in Zimbabwe.With Ndasenda serving as the operational division in Zimbabwe and teknospire as the tech division we are discussing the anatomy of Demonetization on the economy in two countries India and Zimbabwe.
How #Demonetization Could help in #FinancialInclusion and #Fintech Firms to #Empower #CashlessEconomy!
One of the faces of demonetization - Our maid for several years knocks at our door, late in evening yesterday asking for money to buy milk for her son. I oblivious of the "demonization hula boo" started enquiring what did she do with the salary which I gave just a few days back.(Only because I knew she often had to spend money for husbands vagabond ways).
Early in 2006, it was already few years of JIRA launched when I got a chance to use JIRA, I was not very impressed by its interface and interactions, as there were already established tracking tools both commercial and open source variants. However, later when I revisited in 2012 that was a complete overhaul and new experience of matured system ! Since then I have been a great fan of JIRA tool, a must by every team to track their progress and issues. Don’t believe me? Then this post is just for you –
I and my spouse were having a fight, how much money is enough for a teenager as a pocket money? I came to a figure of 250 INR and he wanted to round it off to 300 INR to eliminate the possibility of getting into the hassle of finding change. Just a perfect day of our fight - 08-Nov-2016, the red lettered day when the 500 and 1000 rs notes were banned, and media was flooded with #EmpowerCashlessEconomy...
Agent Banking – Who Needs It and Why?
Bill Gates once said – The world needs banking, but it does not need Banks. Maybe that quote was taken a bit seriously by Banks, and we do see phenomena of Agent Banking happening!
NDASENDA™ is a payments platform which has aggregated Zesa, Internet,Broadband,Wifi, Airtime and Insurance services. Vimbayi is one of star partners. His experience with us and his tactics to get the maximum out of the platform would help other partners. This interview would be one of the first in our series of getting one-on-one with our partners to know what in Ndasenda entices them and how they have benefitted from it.
Mobile money has transformed the way Zimbabweans do business as much as it has led to greater financial inclusion. The second edition of the Zimbabwe Mobile Money and Digital Payments Conference and Awards ceremony, which was held at a local hotel in the capital, ran under the theme: Enhancing Risk Management On the Mobile Money...
In this world of virtuality, where friends exist, we converse without actually meeting them, could look for traffic health of Las Vegas Streets, visit Ajanta and Ellora caves from your laptop and watch your favorite sports as good as live expecting cash to be managed and carried in a wallet would seem unfair.