Financial inclusion is increasingly being recognized as a key driver of economic growth and poverty alleviation across the globe. Studies have found that access to formal finance can boost job creation, reduce vulnerability to economic shocks and increase investments in human capital. Seven of the United Nations Sustainable Development Goals (SDG) of 2030 view financial...Read More
Mobile Wallets has grown rapidly in India. As per a BI Mobile Payments report, in-store mobile payments would grow to $503 billion by 2020. As per another report Mobile Payment Volume would increase tenfold by 2021. Who are The Enablers to Mobile Payment? Growth of e-commerceIncreased Penetration of smartphonesFree and easy access to the Internet...Read More
USA Number of digital banking users in the United States from 2014 to 2019 161.6 million a twenty percent increase from 2014. Source – Statista Great Britain Online banking in Great Britain from 2007 to 2019 73% of users avail online banking In 2007 – 30%, 2014 – 53% and in 2019 it is 73%...Read More
A big year for Fintech – or should I say Fintech-led disruption? Experts predicted Fintech to scale in 2019, and they weren’t wrong – innovation-led banking, bypassing legacy banks, new entrants like Neo Banks taking a plunge reducing friction to serve Banking for one and all. Initiatives like PSD2 and Sahamati shaping up and being...Read More
While, as a technology provider firm we always urge our clients’ Banks and FI’s to adopt “Digital Channels,” we also stress on How to evaluate the ROI of a Digital Bank after implementing the banking solution. Here is a quick guide that would guide you to look for KPI’s and calculate the ROI of a...Read More
Experience! How do you craft a digital experience for your consumers? BY providing them a robust, stable, highly efficient digital platform, but have you thought that 80% of the digital experience is driven by the way UI/UX has been designed. Neo Banks aka challenger banks that are 100% digital, the UI/UX weighs a lot more...Read More
Have you ever tried Turkish tea? For a tea-addict like me, it was incredible! And thanks to these fantastic tea flavors that I got to know about Turkey, a land with rich history in culture and food has also shaped the history of economics. The concept of stock exchange, commerce and money were all born...Read More
Just a few days back we got an interesting query on our website chat – Which new technologies already present in foreign countries can be adopted for Indian banks? My one term answer to that question would have been – Neo Banks! Yes, Neo Banks are the answer to the efforts– cashless banking, automated payments,...Read More
Digital is just not a word anymore;its your life. Part and parcel of humans, economy, and countries. Each country is trying to regulate, innovate, implement digital solutions, services and lifestyles. Today we are going to discuss about one such beautiful country Jordan and the evolutions of mobile wallets in the stunning landscape. What kind of...Read More
The Middle East and North Africa are witnessing a change in consumer preferences, evolving Fintech start-ups, and supporting regulation are testing banks and FI’s digital capabilities. The consumers are going digital, creating new opportunities for financial market to disrupt and embrace fully integrated mobile wallets via smartphones, wearables, and tablets. A recent GSMA research outline...Read More
