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 […]
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 […]
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 […]
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 […]
Payment Banks is the concluding part of the series. As a prelude, may I suggest, to read part one of this series, ‘How wallet helps in Last Mile Banking’. There has been a surge in the number of digital wallet service providers which have started offering their own Payment banks. It is the right pursuit for […]
FinX Mobile Money Suite represents the pinnacle of mobile payments with the right mix of innovation, technology, and business acumen, thus providing a flexible, secure and efficient platform to run a highly scalable mobile wallet platform. Financial solutions for every mobile device at last mile Open Platform – Design services for multiple consumer segments and […]
We are seeing technology-driven networks replacing bureaucratically-driven hierarchies,” says VC and futurist Fred Wilson. It seems Big Data buzz has ended, the need of the hour is not on how to gather data but “how to protect it”? How to stop it from being hacked or access by unauthorized third parties. Millennials are maturing not […]
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 […]
In olden days or even a decade back Banking as a service [BaaS] was only taken by trusted entities – BANKS. However, with the technology innovation Banks, Fintech and GAFA [Google, Apple, Facebook, and Amazon] are tapping onto the opportunity open up by the PSD2 directive to offer BaaS. While customers are still skeptical about […]
Answers: Biometrics Teknospire offers solutions that could be linked to a biometric database like Aadhaar and speed up credit finance, micro-financing or financial inclusion of the unbanked population in rural areas. [Rich_Web_Video id=”2″] UPI Teknospire UPI enabled solutions for corporate and financial institutions could allow customers to send and receive money instantaneously without adding additional […]