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Implementing APIs to Drive Fintech Growth: The Rise of Banking-as-a-Service

Banking as a service (BaaS) is revolutionizing the way traditional banks and fintech companies collaborate to provide banking services to consumers. BaaS allows fintech companies to offer their customers a comprehensive suite of financial services, including account opening, money transfer, and credit card issuance, without having to build and mai...

/payments /retail Banking Strategy, Digital and Transformation

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Retired Member 

Up-and-Coming Payments Security and Fraud Prevention Tools

In recent years, online shopping and electronic payments have become increasingly popular, leading to a rise in payment fraud. Cybersecurity has become a top priority in the payments industry, as fraudsters use new schemes to exploit the growing e-commerce industry. Faster non-cash payments and the growing popularity of cryptocurrencies have also...

/security /payments Innovation in Financial Services

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A Game of Confidence!

As you know…Financial Services is a “Game of Confidence.” First Security with digital experience because... the public and shareholders expect solid controls and in-depth testing while realizing the return on investment (ROI) and understanding key considerations for robust and secure digital acceleration. Effort-based ROI: All about Business Valu

/security /cloud Banking Strategy, Digital and Transformation

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SVB Need Ising Models

In one sense, it looks like a fairly straightforward bank run, but the extraordinary bailout announced directly after suggests that the risk was systemic. Whether that was all the VCs shouting contagion in the crowded theatre or something deeper under the hood, it certainly got the federal administrators moving. By Sunday evening the bailout was d...

/regulation Regulatory Reporting

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Seven challenges financial institutions must address to harness machine learning’s potential

Machine learning (ML), the most prominent arm of artificial intelligence (AI), cuts both ways for the financial services industry, where its applications are getting wider by the day. The benefits are obvious. ML models are trained to learn from results just as the human brain does and can execute complex tasks at a scale and speed humans simply c...

/regulation /devops Artificial Intelligence and Financial Services

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Okay! Leading with Cloud, now what?

Shall I fall back on the past cloud strategy? Focus only on the build and speed above all else? And the answer is… Holistic strategy for Operating Model Transformation for Journey to Cloud with future-proof strategy. Go forward… · Strategize for the build, migrate and modernize · Target diverse workloads based on the circle of custome

/wholesale /cloud BFSICloudMigration

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Why a big bang approach to digital transformation is the scenic route to failure

Time and again digital transformation initiatives fail. Research by McKinsey shows that 70 percent of complex, large-scale change programs don’t reach their stated goals. Some companies are now frightened to go down the route of digital transformation after their expensive ‘big bang approach’ didn’t work, despite a long and laborious process. But...

/payments /identity Fintech

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Lead with Cloud or Lead with data?

All roads WILL lead to digital transformation to create the BEST customer experience. Sitting around the table, we ponder whether we should lead with Cloud or Data while forgetting that we are all the actors in the end-user show. In today's challenging macroeconomic situation and regulatory requirements, Financial institutions have realized that en...

/cloud /predictions Banking Strategy, Digital and Transformation

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Revolutionizing Transactions: Exploring Real-Time Payments and Building Payment Gateways

Real-Time Payments Market The payment industry is evolving rapidly, and the future looks bright for businesses that can keep up with the changes. According to Fintech Futures, the real-time payment market is projected to grow to $86.89 billion by 2028. This growth will be driven by the implementation of new payment rails that enable faster, more e...

/payments /retail The Payments Business

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How Neobanks are reshaping the Gig Economy

The Covid-19 pandemic has profoundly impacted the economy and placed gig and hourly wage workers at disproportionate risks. They are under a microscope and in the spotlight. This is because the job loss and financial insecurity during the pandemic have pushed people to seek new or additional sources of income. And this large influx of gig workers ...

/retail /inclusion Banking Strategy, Digital and Transformation

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