Neobanks are financial technology-based banks that operate totally in the digital and mobile space. As of 2020, Neobank is still a relatively newer terminology and less understood by most of the traditional banking customers. Nevertheless, it is slowly but steadily gaining its popularity among teenage banking customers in India and also across the globe. What […]
The Future of Blockchain and Cryptocurrency in India
Gartner, a leading research and advisory company, had predicted that the banking industry will derive 1 billion dollars of business value from the use of blockchain-based cryptocurrencies by 2020. Moreover, blockchain can be used for launching new cryptocurrencies that will be regulated or influenced by monetary policy. While 2020 has been topsy-turvy for most industries, […]
Peer to Peer Lending: What Makes P2P Platforms Unique?
Low-interest rates, quick turnaround times, and minimal documentation – these considerations are high on the wish list of practically anyone looking for a loan. With the government pushing lenders to boost the flow of credit in the economy, the odds of getting a quick loan have improved significantly for most people. However, this is not […]
Is Biometrics the Key to Future Proof Customer Identity Management?
Biometrics is slowly becoming an integral part of our daily lives with the advent of fingerprint-sensitive smartphones and laptops and is spreading to other places we hardly considered before. The primary aim of biometrics is to identify an individual in a 100% accurate way that cannot be stolen or compromised. While fingerprint biometrics is widespread, […]
How Can Digital Transactions Grow With UPI 2.0?
With a targeted focus on the on-ground implementation of the Aadhaar program as well as Jan Dhan Yojana, India has been prosperous in spreading the banking facilities successfully throughout the economy. To add to the potent mix, The Unified Payments Interface (UPI) was introduced by National Payments Corporation of India (NPCI) in 2016. The Unified […]
How Machine Learning Can Transform the Face of Financial Services?
Machine learning is enthusiastically integrating into our lives and changing how we make decisions every day. Machine learning technologies leverage historical data and user behaviours to predict patterns and make automated decisions. The rapid pace at which the machine learning technology is accelerating is leading businesses to change the way they operate. Applications of Machine […]