Infosys Finacle, part of EdgeVerve Systems, an Item subsidiary of Infosys, and Efma, a not for profit organization, launched the 10th annual study on innovation in retail banking. The report is written by Jim Marous, Publisher of the Digital Banking Report and Co-Publisher of the financial mark. Celebrating the 10th anniversary of the research, the...Read More
Jonathan a villager who supplies vegetables to the branded supermarket in the city needs to submit monthly invoices [physical copy] to get the payment.He has a bank account but still has to maintain a physical copy of the number of vegetables supplied with the offer price. Recently he got to know about a software that...Read More
API or Application Programming Interface, when I first heard of this term, I thought it to be some form of magical code that helps in fewer bugs and improves quality. However, after exploring, I got to know how deeply I was wrong. API’s that are part of modern mobile and web application allows third-party apps...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
