Benchmarking Digital Journeys: The Key to Customer-Centric Innovation
Benchmarking Digital Journeys: The Key to Customer-Centric Innovation India is witnessing a remarkable surge in digital adoption, driven by a confluence of factors such as government initiatives, an expanding internet user base, and businesses increasingly recognizing the value of digital tools. This growth is particularly evident in sectors like e-commerce, mobile payments, healthcare, etc. With […]
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 […]
Integrated API : Transition from development to release
Integrated API : Transition from development to release Over the past decade, the world has been slowly moving from a mobile-first to an API-first approach. API has become a key ingredient in software development. There is a critical role in enabling organizations to expose their business functionalities and data for the consumption of other players […]
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 […]
Big Techs- Big Beneficiary of Open Banking?
Post-Fintechs arrival & building a new value proposition for customers, Banks adopted a collaborative approach to work together and develop new products, business models, and value drivers for customers. Emerging demands from Fintechs led to banks opening up their services and data through APIs and drive API enabled Banking, and now widely been termed as […]
API Driven Business Strategy
API Driven Business Strategy When the world moves away from Mobile First to API First, it is always an interesting phenomenon to study. There was a time esp in Financial Services; there was a rush across all Banks, Financial Institutions across the globe to launch mobile apps across products. In early 2010, banks rolled out […]
API Validation & Testing: Critical to API-Led Business Models
API Validation & Testing: Critical to API-Led Business Models In the age of the Internet and digital technologies, APIs (Application Programming Interfaces) are changing entire business models and leading to the emergence of an API economy. Companies like Uber, Airbnb, or Amazon are built entirely on APIs and provide services through an interface for APIs […]
Open Banking Ecosystem
[vc_row][vc_column][vc_column_text] The banking ecosystem of India has undergone rapid changes in the past 5 years, moving from a traditional product-centric, inside-out approach to a consumption-based, outside-in approach. With the evolution of open banking, pioneered by BFSI players like Yes Bank, Kotak, RBL, etc, the ecosystem has now grown to include NBFC and other tech players […]
Open Banking Ecosystem
Open Banking Ecosystem Indian Open Banking / Neo Banking Ecosystem The Indian Open Banking Ecosystem has grown at a rapid pace over the last three years, with leading banks like Yes Bank & RBL Bank taking a leadership position from the initial days. Since then, many Banks and NBFCs have taken steps to partner […]