Banking, as a domain, has always been a competitive one. To keep up with the pace of the dynamic nature of this sector, banks & financial institutions are gradually making the shift to experiment with newer technologies, like Open Banking and innovative concepts like FinTech, designed specifically for the banking sector. The basic idea behind […]
Agents are the face of change to people’s financial security and independence. What is an Agent? What is a Business Correspondent? Why We Need an Agent? Modes Of Operation Of Agent Come and signup for Teknospire Agent Banking Solution, and help in enabling financial and social inclusion. Stay Tuned as our […]
Data sharing and Big Data have become the trending topics in the financial world of late. With the advent of many Fintech start-ups, traditional banks are undergoing a major shift. They, now, are looking forward to modifying the way they operate, to survive the cut-throat competition from their peers. This is when the idea of […]
Reference: Open Banking Explained: What you need to know
A few years back when we were looking for a Locker facility in our neighborhood, we found the state cooperative bank as the best choice. With the focus on availing only the Locker facility, we never explored the options like internet banking or mobile banking for the bank. Later with demonetization, Aadhaar linking and KYC […]
Banks are aware of the fact that they are no longer serving the traditional customer base, they are in dire need to transform their business models and stay relevant in the industry. Here are the four pillars that could help the banks in realigning their business models either with a handshake with fintech firms or […]
Creating a strong business and building a better world are not conflicting goals – they are both essential ingredients for long-term success”. – William Clay Ford Jr., Executive Chairman, Ford Motor Company. With corporations becoming more responsible towards the society, this concept has evolved into what we today know as Corporate Social Responsibility (CSR). CSR has […]
Its just six months that PSD2 came into force, and the Open Banking Implementation Entity (OBIE) stats demonstrate that in June, there have been 1.2 million uses of open banking API’s, up from 720,000 in May. Another report from the Open Data Institute and PwC highlight that the Open Banking market by 2022 could be […]
Blogs, news, & articles are the most sought-after medium to catch up on the latest technological happenings especially in the fintech and payments arena. Overcrowding of the internet space has made finding popular and content rich blogs a tough task at hand. So here we are with an infographic presentation of the popular global fintech […]
The value of FinTech investments globally in 2008 was 1 billion USD, which rose to 10 billion USD by 2014 and is projected to touch 46 billion USD by 2020. So much is happening around FinTech but how much you know about FinTech is the question. Are you in touch with ‘How the latest development […]