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Banking

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digital banking units are changing banking in India, with icons of a phone, ATM, bank, and digital systems
API

The Digital Revolution: How Digital Banking Units Transform Banking in India?

India is a predominantly cash-based economy, which has seen considerable improvements in the form of bank branches and ATMs that have been digitized. These upgrades and new technologies have successfully improved user experience while simultaneously allowing banks to optimize their resources without impacting their efficiency. The Reserve Bank of India has asked all banks, ATM networks and white label ATM operators to provide interoperable card less cash withdrawal (ICCW) at their ATMs, with NPCI facilitating…

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Payment Gateway Security: Protecting Your Business and Customers from Fraud
Business Banking

Payment Gateway Security: Protecting Your Business and Customers from Fraud

With the rise of digital payments like UPI, tokenization, and AI-powered transactions, the annual volume of digital payments processed in India surpassed Rs.18,500 lakh crore in FY2024. The expansion of convenience that comes with digital payments, however, has led to an increase in threats, phishing attacks and card-not-present fraud, among others, which are all becoming increasingly sophisticated at an alarming rate. Card Payment fraud losses around the globe has reached $34 billion in 2023, and…

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API Banking & Embedded Finance
API

API Banking: The Powerful Engine Driving Embedded Finance Growth

Traditional banks are quickly changing to meet the needs of today’s customers, who expect all their financial transactions to be easy, fast, and secure. A key component of this change is known as API Banking or embedded finance — the backbone of embedded finance is powered by API banking or the invisible infrastructure that supports all transactions that take place on embedded finance. According to Bain & Company’s 2023 report, the global embedded finance market…

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API banking for small Businesses
API

API Banking for Small Businesses: Redefining the Competitive Landscape

For many decades, small businesses have had very few traditional banking advantages, such as higher fees, fewer options for capital, and stricter processes limiting their ability to grow. However, API banking is revolutionizing these circumstances for small businesses. In fact, industry sources indicate that API-first lending solutions will account for 40% of the total market for small business lending by 2026, meaning that in less than one year, nearly half of all loans issued to…

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