Category

FinTech Trends
Banking need to be Omnichannel
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...
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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...
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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...
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TEKNOSPIRE BLOGS
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...
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Open Banking Rule was introduced in January 2018 with a prime motive to empower customers. Today where “Experience, Convenience and Priority” means customer service, Open API Banking is an initiative to streamline the banking services and put the customer first. Open Banking protocol advises financial institutions to use Open API to allow the flexibility of...
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The secret to consumer loyalty is ‘Relationship Banking’ and the mantra is ‘Serve first, Sell later’. ‘Platform customization‘ service is an effective way to attract and maintain more customers, as long as the costs associated can be controlled effectively. Designing the tailored solution that is ‘just right’ for the client gives them the proud feeling...
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The Fintech arena is brimming with innovative ideas, thoughts, products, & events. The ideas, thoughts need to be discussed & explored. Products and events need to be let known and highlighted on a suitable platform. As a perfect platform, there are fintech groups on various social media channels for fintech knowledge transfer and announcement of the...
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The hurricane Named PSD2 has captured most of the banks and fintech across the globe. Almost six months later –  IDC published a list of APAC countries in terms of readiness for Open Banking. While Singapore And Australia Have Occupied the First Two Slots In the State of Readiness of Asia/Pacific Markets for Open Banking...
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You might have been using your ATM card as an easy substitute for checkbook, but did you know then, that it was just the start of an era? As more time passed, more and more alternatives for traditional banking arose, changing the scenario forever. Not to mention the lack of traditional banking infrastructure which also...
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