The current global landscape, represented by geopolitical tensions, economic instability, supply chain disruptions, and the pandemic’s long-term effects, has highlighted the significance of solid trade financing solutions. These issues have driven the need for financial products that reduce risks, secure payments, and streamline cash flow. Trade Finance In the complex world [...]
The Finternet, a limitless financial space, is transforming significantly through decentralized finance (DeFi). Using blockchain technology, DeFi redefines how individuals interact with, access, and utilize financial services. It removes the need for traditional intermediaries, offering a more accessible, transparent, and cost-effective alternative to conventional systems. Let’s explore how DeFi [...]
The financial realm stands at the brink of a shift promising to alter how we handle money, carry out transactions, and oversee affairs. This transformation is encapsulated in the concept of “Finternet” – an innovative global financial ecosystem grounded in technologies like Blockchain, Decentralized Identity, and Smart Contracts. What [...]
The Acceleration of Trade Settlement Periods: The efficiency and speed of trade settlements are critical to maintaining stability and trust in today’s fast-paced world of financial markets. The settlement periods for trade are becoming increasingly shorter due to continuous technological advancements. On May 28, 2024, this evolution took a significant [...]
In the ever-evolving landscape of wealth management, technology plays a pivotal role in determining the efficiency and effectiveness of operations. Wealth management firms, facing constant pressure to innovate and optimize, must continually evaluate their technological and business process landscapes for cost, time, and functionality efficiencies. This blog delves into [...]
Gartner predicts that generative AI will be a workforce partner for 90% of companies globally by 2025. However, Alexander Bant, Gartner Finance’s chief of research, expressed a contrasting view at the Gartner CFO & Finance Executive Conference in Sydney in February 2024. He noted, “The large majority of CFOs continue [...]
The financial crisis of 2008 exposed vulnerabilities in the global banking system. In response, the Basel Committee on Banking Supervision (BCBS) introduced the Basel III reforms, a set of regulations designed to strengthen banks’ capital adequacy and risk management practices. Basel 3.1, the latest iteration of these reforms, is [...]
Over the past few decades, consumers increasingly accepted digital tools as they helped save time, manage funds securely, and track and control their finances efficiently, leading to the growth of Fintech companies. According to some reports, the Fintech Industry is projected to become $1.5 Trillion by 2030. NA has the [...]
Once upon a time, in a world of traditional banking, a young entrepreneur named Richa had an innovative idea for a new financial service offering. However, she realized that her idea was only possible if she could access financial data from various banks in real time. Frustrated by the [...]
In 2022, we already saw the emergence of payment SaaS, the adoption of Blockchain Technology, and the evolution of Central Bank Digital Currency. We also saw new payment modes like Buy Now Pay Later, Biometric Authentication, and Biometric Payments and an increase in the use of AI and ML [...]
