Category

What’s New

Category
Screenshot 2023 03 21 at 16.09.59
Banking

India, A New Hub of Neobanks 2.0

India is quickly becoming the new hub of neo-banks 2.0, ushering in a new wave of digital banking and financial services with the emergence of several new players in the market. Neobanks are digital banks that offer customers various financial services through their digital platforms. These services include money transfers, payments, loans, investments, credit cards, insurance, and more. This shift is driven by the increasing need for more personalized, convenient, and accessible banking services for…

Read More
Screenshot 2023 03 21 at 16.01.27
Business Banking

The Digital Revolution: How Digital Banking Units Will 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 installation of Cash Recycling Machines and the RBI’s ICCW mandate on ATMs is seen as a game-changer for the payment system, with an estimated 50,000 ATMs/CRMs deployed in the…

Read More
Screenshot 2023 03 21 at 15.44.42
What's New

How metaverse will unleash new era in banking: Opportunities & Challenges

No longer are people required to wait until lunchtime to get their banking inquiries addressed or to visit the bank multiple times to get their loan approved. Digitization has taken over, with credit disbursement happening in a shocking two-minute time frame. However, the Metaverse has recently come onto the scene and caught the attention of many industries, including banking. Since the pandemic, individuals have been hesitant to leave the comfort of their homes, and Metaverse…

Read More
Screenshot 2023 03 21 at 15.42.45
Business Banking

How Web3 Is Revolutionising Lending and Skipping Banks: A Closer Look

The rise of Web3 technology is bringing about a revolution in the lending and banking industry. Web3 technology, or “blockchain-based distributed ledger technology,” is poised to ultimately transform how we conduct financial transactions. With Web3, banks are no longer needed to facilitate loans and payments. Instead, lenders, borrowers, and service providers can connect and transact directly with each other without any third-party involvement. This shift presents an excellent opportunity for people to access loans quickly,…

Read More
Screenshot 2023 03 21 at 15.34.07
What's New

How Ready Are Indian FinTech Startups Making Switch to KYC Compliance?

?Financial technology startups have been growing in popularity over the past decade, either replacing or complementing traditional financial services. More than 100 Unicorns are located in India, 15% of which are in the FinTech sector, demonstrating the great progress that has been made in this field in recent years. A wide range of services is provided by these companies, including banking and savings, payments, transfers, investments, and insurance. The KYC (Know Your Customer) process is…

Read More
Verified by MonsterInsights