1010 Results from /wholesale
Prasenjit Das Senior Director at Virtusa
The inefficiency around paper documents in Documentary credit is well known and Banks are in different stages to implement change based on their processes and technological maturity to mitigate those. Some changes have FinTech partners as they touch the pain points through Trade portals, Discrepancy check automation and electronic documents pla
06 March 2023 /wholesale bankIO
Steve Sabin SVP, Division Executive, Lending at FIS
Digital technology has turbocharged the commercial lending process, with fast, highly automated decisions seriously slashing the time to “yes.” But to navigate the uncertain times ahead, lenders will need more than speed from their fintech. While traditional banks can now make simple credit decisions as quickly and efficiently as technology-driven ...
02 March 2023 /wholesale /predictions Banking and Lending Solutions
Retired Member
Corporate treasury is no longer seen as a cost centre. It is expected to play a key role in business policy decisions and new business initiatives. This requires a shift in focus from repetitive BAU activities to, timely and accurate, data driven decision making for efficient working capital management. Given an option, 70% (as per IDC White Paper...
19 February 2023 /wholesale Digital Banking
Prateek Duhan Senior Consultant at Capco
In this series we are looking at where financial institutions stumble on the path to building high-performing change organizations, limiting their ability to deliver meaningful strategic transformation. A mature transformation organization is a finely tuned machine, all parts of which are designed to be in harmony with each other. Once operational,...
16 February 2023 /wealth /wholesale Fintech
Changing customer expectations, quest for process efficiency and business growth, growing industry and regulatory support for digital trade continue to be the key drivers for digitalization of trade finance. Given the archaic interaction mechanisms and customer demand for better experience, channels continue to be the area of immediate focus for ba...
16 February 2023 /wholesale Banking
API-led AP-AR automation solutions today connect a business’ treasury, payments and credit workflows, creating unprecedented access for banks to drive engagement with SME businesses. Accounts payable and accounts receivable (AP-AR) automation is at the core of creating real-time visibility into a business’ working capital. With an estimated marke...
16 February 2023 /payments /wholesale Banking Strategy, Digital and Transformation
In a discussion that I recently witnessed, a participant wished to know the best and the latest technology initiative that any bank has undertaken in Trade Finance and the benefits that they got out of it. The question set me thinking. There is nothing like end-to-end digital trade as yet. There are no fintechs that distribute traditional trade p...
14 February 2023 /wholesale Transaction Banking
Back in 2016, I was fortunate to be part of the team chosen for a week-long workshop/training on Blockchain. We were introduced to the basics, formed teams and built some use cases to understand how it works. Subsequently, I could also participate in building proof-of-concept on payments and trade finance. There was, and continues to be, a lot of ...
13 February 2023 /wholesale /predictions Blockchain Observations
The buzz around SME or MSME Lending has been around for quite some time. For the uninitiated, MSME is Micro, Small & Medium Enterprises. To give you a perspective, Government of India defines enterprises with revenue not exceeding Rs.5cr as micro, those between Rs.5cr to Rs75cr as small and Rs 75cr to 250cr as medium sized businesses. Major co...
10 February 2023 /wholesale /inclusion Small Business Lending Innovation
Part 1: Three Pillars of Successful Change Organizations In this series we will look at where financial institutions stumble on the path to building high-performing change organizations, which limits their ability to deliver meaningful strategic transformation. The most successful transformation organizations are those that realize very quickly tha...
06 February 2023 /wealth /wholesale Fintech
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