Changing Role of HR – In Age of Digital Transformation & Fintech
According to Deloitte, “digital transformation is all about becoming a digital enterprise—an organization that uses technology to continuously evolve all aspects of its business models (what it offers, how it interacts with customers and how it operates).” Your company should change in tandem with technological advancements. It’s no longer about businesses agreeing to transform; it’s […]
Elevating Financial Services Experience With Simplified Customer Onboarding
[vc_row][vc_column][vc_column_text]Has the digital wave truly surged the aspirations of financial services? Digitalization has delivered the adequate impulse for the Indian Banking Story to turn a corner. The marriage of progressive digital constructs with legacy business models and services architectures has allowed financial institutions to innovate faster, explore deeper, and transform to scale with high reliability. […]
How is DEPA transforming India’s Financial Landscape?
How is DEPA transforming India’s Financial Landscape? The Data Empowerment and Protection Architecture(DEPA) is a consent-based data-sharing framework created by NITI Ayog. Exponential growth in smartphones and reduction in internet bandwidth has generated tremendous individual data. This data encompasses both structured data and unstructured data. Structured data includes financial information, taxation, business, utilities, and unstructured […]
INDIA FINTECH FUNDING – FEB’21
The India Fintech Funding saw a huge push in the month of February with 13 startups raise total funding of $253 million, not including the debt funding raised by lending startups ProCap and Eduvanz.
The Choice of Plenty: Deciding the Right Technology Solution Provider
The last decade has seen the financial services sector of India undergo a transformative change. With the emergence of new-age technology solution providers or technology-driven start-ups in the financial space, established financial institutions have begun shifting from traditional legacy systems to partnership models with these technology start-ups. Apart from established financial institutions such as Banks, […]
CBDC – Central Bank Digital Currency
Central Bank Digital Currency (CBDC) will be a focus in this decade: With the advent of private decentralized cryptocurrencies like Bitcoin, Ethereum, etc. central banks of different countries are playing catch-up with the digital currency. After realizing the significant lead that private cryptocurrencies have taken, the central banks have finally woken up and currently, 50+ […]
New Umbrella Entity (NUE) : Implications on Banking Ecosystem
New Umbrella Entity (NUE) : Implications on Banking Ecosystem The payment ecosystem has grown massively in the last decade due to RBI, NPCI, Banks, Fintechs, and the entire ecosystem. Banks have invested heavily in infrastructure and technology to support payment products, including RTGS, NEFT, UPI, IMPS, AEPS, BBPS, etc. This has improved the life of […]
Setting up Profitable Digital Lending Business
Indian customers across Retail and SME segments, who are unable to get loans from banks, are willing to pay high interest and fees to get credit from Digital Lenders. In the last 5 years, hundreds of Digital Lenders have tried to build a business and very few have been able to scale profitably. Despite massive […]
APIs – Enabling agile & risk-free digitization for Financial Services
APIs – Enabling agile & risk-free digitization for Financial Services Businesses leveraging APIs are witnessing a continuous rise in innovation and productivity. APIs are now a prominent part of digital transformation strategies for many banks and fintech since they help to integrate and optimize the data lying across organizations, systems, and databases. APIs are the […]