The Role of Decentralized Finance (DeFi) in the Finternet: Unlocking Financial Inclusion and Innovation

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 [...]

September 18, 2024

Securing the Future: The Impact of PSD3 on Payment Security and Fraud Prevention

In the digital age of modernizing payment services and opening financial services, data is a pivotal step in transitioning the payment industry from Open Banking to Open Finance. Through Open Banking, third-party service providers have secured and permissioned access to users’ bank account information. Through Open Finance, customers can securely [...]

May 15, 2024

Exploring the Future of User Experience in Banking and Fintech

It’s Monday morning, and Sam woke up to a gentle sound on his phone. It’s not an alarm but his new financial pal—a voice-activated AI assistant. This friendly voice, tailored to his financial goals, provides a personalized morning briefing of his accounts, highlights upcoming bills, and even suggests budget-friendly [...]

May 14, 2024

The Role of BIAN in Open Banking and Composable Banking

Interoperability 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 [...]

February 5, 2024

Ensuring Resilience in Fintech Eco-system by Introducing Chaos Engineering

Ensuring Resilience in the Fintech Eco-system by Introducing Chaos Engineering

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 [...]

October 19, 2023

5 Untapped Potential Areas of Open Banking

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 [...]

April 17, 2023

Top Digital Payment Trends to Watch Out For in 2023

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 [...]

February 2, 2023

11 Benefits of Embedded Finance and How it Transforms the Fintech

Have 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 [...]

December 12, 2022

The Necessity of Quality Assurance for Digital Payments

The veil has been lifted, the masks are off. A couple of decades ago, the customer took what was offered. Organizations did what they felt was in their power. There was a mystery regarding the on-goings of trade, and trade-secrets were greatly guarded. As time passed, however, communication took [...]

January 28, 2017

Digital Disruption in the Banking Industry: Have you Defined your QA Strategy?

Before we get there, we need to understand what is causing the whole turmoil and disruption in the banking industry. Yes, you guessed it right. It is FinTech. But what really is FinTech? Per Wiki, ‘Financial technology, also known as FinTech, is an economic industry composed of companies that use technology [...]

April 25, 2016