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Pune
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2009
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Artificial Intelligence Security Payments Regulation & Compliance People Retail banking Wholesale banking Cloud DevOps Start ups Cryptocurrency Markets Financial Crime Covid-19 Predictions

Ketharaman's blog archive

2024 (4) 2023 (10) 2022 (7) 2021 (4) 2020 (5) 2019 (10) 2018 (16) 2017 (13) 2016 (9) 2015 (12) 2014 (17) 2013 (17) 2012 (12) 2011 (9) 2010 (1)
Ketharaman Swaminathan

Ketharaman Swaminathan

Founder and CEO at GTM360 Marketing Solutions
Message Message me Posts: 149 Comments: 4,546
Bio As Founder and CEO, S. Ketharaman provides overall direction and leadership toward setting and achievement of GTM360's goals and objectives. Career History S. Ketharaman has a unique combination of Information Technology products and services experience resulting from his professional career spanning over two decades at leading technology companies like Fujitsu, Oracle, Ramco and Wipro. More at http://www.linkedin.com/in/sketharaman

Blogs

 

Ten Revolutionary Things About AI - Part 1

08 May 2024

Artificial intelligence is promising to disrupt a wide array of legacy practices. - Dan Primack, Axios PRO Rata. Based on my firsthand experience with the AI tsunami over the past 9-10 months, I can wholeheartedly get behind the above prediction. In fact, I've already noticed 10 revolutionary things aka gamechangers about ChatGPT and other GenAI p...

 

My Two Cents On PayTM Kerfuffle

08 Feb 2024

PayTM is the first digital payment product I've used at scale in India. When RBI enforced the two factor authentication mandate for online payments, bill payments became a major PITA. By requiring users to fill credit card number, expiration date, and half a dozen fields, Reg 2FA caused tremendous friction. After they received the OTP, entered it ...

 

Why ChatGPT Won't Kill Coders

25 Jan 2024

In Will ChatGPT Kill Coders?, we examined many demand suppressors that threatened to kill coders' jobs. We also alluded to DEMAND STIMULANTS, which work as counterweights by boosting demand for coders. In this post, we will do a deep dive into Demand Stimulants. Comprising new computing paradigms and markets, demand stimulants not only arrest the ...

 

How AI Can Take Readability Of Bills And Statements To The Next Level

10 Jan 2024

In Bills And Statements Are Hard To Decipher, we noted that it was very hard to read bills and statements from banks, ecommerce companies, retailers and other industries. We took two examples and did a deep dive to understand the full extent of the indecipherability problem: Ecommerce Bill Bank Statement In this post, we will examine the root c...

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Ketharaman is Commenting on

Bankers Beware - All that is green is not gold - A view through the Risk Management Lens

  It's increasingly becoming apparent that many "green projects" are green by financial engineering rather than by operation. With scams like Alberta-Shell-BOGO Carbon Credits coming to light, I'm guessing that risk management of green loans will scale new heights. 

20 h Reply Read article

TabaPay ditches plan to buy assets of bankrupt BaaS firm Synapse

  Aforementioned Jason Mikula just posted on X fka Twitter that end users are losing access to funds in this fracas.Which is not surprising. When Neobank / BaaS / Fintech ("Fintech") does not have a banking license and works on top of an underlying Sponsor Bank with banking license, end user accounts in fintech do not necessarily map 1-to-1 with account(s) in Sponsor Bank. While FDIC will cover customer balances if Sponsor Bank goes bust, it won't come into the picture if Fintech goes bust. Whether end users get their money back in the Fintech's bankruptcy procedings depends on the T&Cs of the FBO account held by the Fintech at the Sponsor Bank.

20 h Reply Read article

FCA boss invited to UK parliament to address 'naming and shaming' plans

  Adding FCA boss Nikhil Rathi to the band of rogue regulators whom I call "Choprandos". Banking is a confidence trick. The business model of the industry is fragile and works only because depositors think it works. There's no room for casting aspersions on a bank until its culpability is established beyond reasonable doubt (or whatever the legal standard for this industry in UK is.) Early enforcement action in banking is just as bad - or even worse - than late enforcement action. I totally stand with UK Parliament.

06 May 2024 Reply Read article

Payments processor BlueSnap reaches $10m settlement with FTC

  We keep hearing that merchants lose their merchant accounts if chargebacks exceed a tiny percentage like 0.5% per quarter. In the case of this fraudulent merchant, Visa reported it was 29-40%, albeit over a longer period. Given that Visa was involved in each transaction from this merchant, why couldn't it block them? Even assuming that Visa "outsources" the blocking decision to acquirers / PSPs, why didn't Visa block the PSPs for continuing to acquire transactions from a merchant with such a high chargeback rate? Why did this have to go to regulator FTC?

03 May 2024 Reply Read article