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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...
22 March 2023 /payments /retail Banking Strategy, Digital and Transformation
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...
16 March 2023 /security /payments Innovation in Financial Services
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
15 March 2023 /security /cloud Banking Strategy, Digital and Transformation
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...
15 March 2023 /regulation Regulatory Reporting
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...
09 March 2023 /regulation /devops Artificial Intelligence and Financial Services
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
07 March 2023 /wholesale /cloud BFSICloudMigration
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...
07 March 2023 /payments /identity Fintech
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...
06 March 2023 /cloud /predictions Banking Strategy, Digital and Transformation
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...
06 March 2023 /payments /retail The Payments Business
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 ...
03 March 2023 /retail /inclusion Banking Strategy, Digital and Transformation
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