Posts Tagged ‘technology’
Tech companies and the money foray
The growing indispensability of technology companies in the financial industry Global technology giant Google announced that it is entering the banking industry in collaboration with six partner banks to offer current accounts to US-based customers. The impressive list of banks were Citigroup, Stanford Federal Credit Union, Bank Mobile, BBVA USA, BMO Harris, Coastal Community Bank,…
Continue ReadingThe UPI Revolution
Innovations of yesterday and conveniences of today, and building blocks of more innovations for tomorrow. Today, thanks to the popularization, acceptance, and availability of UPI-based peer-to-peer payments, the world has become a near-cashless place. During the panic-ridden demonetization phase, or during the extraordinary lock-down situation during the Covid-19 pandemic, UPI-based products and services were a…
Continue ReadingDigitization of the banking and lending sector in a post-COVID world
“Longevity in this world is being able to reinvent yourself or invent your future.” — SatyaNadella, CEO of Microsoft Corporation We are living through historic times. Stories about the Coronavirus lockdown will be told decades into the future; and things will never be the same for anybody. Every industry in the world has had to…
Continue ReadingUse of APIs across various industries
“We have to stop optimizing for programmers and start optimizing for users. — Jeff Atwood Just a decade ago, the term API would have sounded foreign to anyone not directly involved with software development. Application Programming Interface—just the abbreviation is a mouthful. But in 2020, and more in the years to come, this term is…
Continue ReadingRBI takes the digital route with video KYC
Digital revolution is here, and what more of a testament could one ask for than the RBI’s latest announcement. That’s right! RBI’s circular on January 9,2020 was the talk of the town not just among industry professionals in the BFSI segment but across the entire gamut of industrial ecosystem. Let us understand how this remarkable…
Continue ReadingHow tech innovations reshape banking in India!
With the evolution of modern technology, financial institutions are taking advantage of this to be more engaging with their customers! Technology is already transforming the financial sector, and the traditional ways of banking will grow old in the next 5 years! There have been numerous growth opportunities when it comes to safe banking like advanced…
Continue Reading3 marketing-driven strategies retail banks can adopt to enhance their value-chain
“Packaging and branding of products and services are going to be the key differentiator between banks,” said Dr. K.C. Chakrabarthy, Deputy Governors (2009-2014) of Reserve Bank of India (RBI) Retail Banks are one of the key factors behind the rapid growth in Indian banking sector. The prime focus of every retail bank in India,…
Continue Reading