The Role of BIAN in Open Banking and Composable Banking Sneha Vukkadapu2024-02-19T12:17:58+05:30Interoperability in banking and finance is multifaceted, uptight, and fraught with many menaces, risky projects, and prominent vendors. One such solution is Open banking. Open banking is a mode where banks provide a set of consistent and standardized interfaces to permit service providers and third parties into their banking [...] FacebookTwitterLinkedInEmail February 5, 2024 Read more...
Empowering Transactions Beyond Networks: The Future and Security of Offline Payments in a Digital Era Payel Ghosh2023-11-20T17:11:31+05:30On many occasions, your mobile phone may be out of network coverage. Or you may be traveling in a remote area without network connectivity. In this digital era, don’t you think you should be given the option to pay digitally in such situations, even when there is a network [...] FacebookTwitterLinkedInEmail November 20, 2023 Read more...
Ensuring Resilience in the Fintech Eco-system by Introducing Chaos Engineering Ravi Bhushan Konduru, Anil Bahirat2023-10-19T19:31:54+05:30Over 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 [...] FacebookTwitterLinkedInEmail October 19, 2023 Read more...
From Core to Coreless: A Paradigm Shift in Banking Vishnu Vardhan Vankayala2023-08-29T17:07:23+05:30In the ever-evolving world of banking technology, the traditional core banking systems have long been the backbone of financial institutions. However, the limitations and challenges associated with these systems have paved the way for a paradigm shift towards coreless banking. Let us delve into the concept of coreless banking [...] FacebookTwitterLinkedInEmail August 28, 2023 Read more...
5 Untapped Potential Areas of Open Banking Vishnu Vardhan Vankayala2023-04-17T18:15:31+05:30Once 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 [...] FacebookTwitterLinkedInEmail April 17, 2023 Read more...
Top Digital Payment Trends to Watch Out For in 2023 Payel Ghosh2023-02-02T18:40:56+05:30In 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 [...] FacebookTwitterLinkedInEmail February 2, 2023 Read more...
11 Benefits of Embedded Finance and How it Transforms the Fintech Harikrishna Vulli2023-09-20T18:27:42+05:30Have you ever thought about how you can make payments for a movie without standing in line or pay utility bills without stepping out of your home via Paytm or Google Pay? Yes, you can name many applications that make instant payments happen. But how is this happening? How [...] FacebookTwitterLinkedInEmail December 12, 2022 Read more...
6 Factors to Consider While Implementing a Buy Now, Pay Later (BNPL) Program Payel Ghosh2022-11-23T12:41:39+05:30Buy now, pay later (BNPL) is a type of short-term financing provided to consumers to purchase instantly and pay at a future date. The process involves multiple players, such as consumers, financiers, and merchants. The financier carries out a soft credit check on the customer and returns a decision within seconds. Financiers [...] FacebookTwitterLinkedInEmail November 14, 2022 Read more...
The 4 Benefits of Tokenization in Digital Payments Payel Ghosh2023-02-02T17:13:34+05:30A token is a value that goes securely through the network to process payments without exposing actual card data. Tokenization aims to replace or represent specific sensitive information without compromising its security. The 16-digit payment card account number is replaced with a unique digital identifier, or the “token,” for mobile [...] FacebookTwitterLinkedInEmail September 16, 2022 Read more...