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 […]
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 […]
Open Banking Strategy and Implementation
[vc_row][vc_column][vc_column_text]Open banking has opened up a new collaboration line for Banks to forge a partnership with Fintechs and build new business models using a set of banking APIs. Fintechs have also lapped up on these opportunities to create new business models like Neo Banks, Accounting Platform Embedded with Banking, and the recent phenomenon of Embedded […]
TOP OPEN BANKING INITIATIVES IN INDIA 2020
The decade started with a lot of expectations and significant changes in the Banking sector. COVID has posed many challenges and changes to the business community, and the Banking sector was no different. However, Banking sector has realized the need for digitization, and seamless open banking infrastructure is the key to achieve it. This report […]
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 – Best Practices
Open Banking is driving innovation across the globe with new partnership models and opening up new doors of opportunities. Due to the recent pandemic, many financial institutions have realigned their focus toward digital transformation, and Open Banking has become central to the transformation theme. The massive increase in smartphone usage powered by readily available cheap […]