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A new school of challenger brands is beginning to reshape the face of short-term lending. From Buy Now Pay Later (BNPL) to in-the-moment offers and instant credit activation through virtual cards, credit is getting more flexible and fast-paced. Not only does this put the power in customers' hands, but it also reshapes how they interact with credit ...
01 March 2023 /retail /predictions Banking and Lending Solutions
A judgment by the Court of Justice of the European Union (CJEU) may have turned back the clock on effective anti-money laundering capability. In a surprise announcement on the 22nd of November, the CJEU closed the doors on public access to company beneficial ownership registers. This decision is counter to the requirements of the EU's 5th EU Anti-...
01 March 2023 /regulation /crime
While the sophistication of chatbot technology has been steadily increasing over the past decade, the release of Large Language Model-based ChatGPT is set to be the harbinger of the next wave of powerful, hyper-personalized and highly adaptable chatbots. Released last November, ChatGPT – Chat Generative Pre-Trained Transformer – has been trained by...
28 February 2023 /predictions Fintech
How close are we to the cloud service providers creating cloud-native internal developer platforms? To set the scene, let's begin with overarching cloud migration strategies. In this modern world of digital development, business transformation is in full swing, and even banks are moving their application estates to the cloud! If you are a CTO emb...
27 February 2023 /cloud
The Rise of P2P Apps In today’s fast-paced, technology-oriented world, convenience is key. Peer-to-peer (P2P) payment apps offer users a simple and convenient way to transfer money to other users or pay for services. These apps have grown in popularity, with 84% of consumers saying they have used a P2P service. In the US, the most popular P2P app...
22 February 2023 /payments /retail Banking Strategy, Digital and Transformation
Everyone is talking about ChatGPT. And many are using it too. This new, AI powered tool was launched by OpenAI and it has created a stir across industries and people from all walks of life. The tool can provide well-articulated responses to queries, write codes, and deliver results to most queries, even those related to a process flow, data model ...
21 February 2023 Analytics in Banking
According to Checkout.com’s report, 77% of merchants who choose to accept crypto as a payment medium observe an increase in cross-border sales. It’s no surprise therefore that an estimated quarter of all online businesses are looking to offer crypto payment methods by 2025 – a number that will only rise as the education gap decreases. And this isn...
19 February 2023 /crypto
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
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
The raising prominence of Data privacy: As per the market stats published by Statista, the amount of data/information generated, gathered, copied, and consumed is expected to reach 180 zettabytes by 2025! And a majority of the data generated is on customer and customer only! All of this can be used to infer valuable insights and patterns on the cus...
16 February 2023 /regulation Trends in Financial Services
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