Banking In The Metaverse: Virtual Reality Powering The Banking Experience For better or worse we have all already heard of ” Virtual Reality “, while perhaps it could be the first time you hear of “Metaverse”. Introduction In this article, we will discuss all the aspects of “Banking in the Metaverse”. Covid-19 has accelerated Digital …
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Non-Fungible Tokens (NFTs): A Beginner’s Guide Navigating the creators’ economy: Non-Fungible Tokens (NFTs) Remember life before money? What an absurd question to ask, one may wonder. We are well familiar with the history of evolution of money- going from tangible objects like shells, metal, paper bills, and plastic cards to the intangible- net banking and …
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Card On File Tokenization And How It Stands To Impact Consumers And Businesses Your favorite streaming platform, online shopping app, electricity bills, broadband bills, miscellaneous online expenditure- what do they all have in common? As a 21st century user, chances are that you must rely heavily on digital payments, including credit/debit card-based payments across platforms …
4 Reasons That Make IT Managed Services A Competitive Advantage For Banks After 2020 Managed Services emerged in the 1990s with application service providers (ASPs) who paved the way for remote support for IT infrastructure. For modern corporations, the trade-offs of using external resources vs. internal capabilities have been a point of a perennial tussle …
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Automation Is Not The Final Stop. For An Invisible Bank, Autonomous Is The Next Step Author: Vinith Basani, Solutions Consultant, Profinch Solutions HOW THINGS ARE “Banking is necessary but, banks are not” – is a heavily used, timely quote, and it is where I see the trend going. The world of INTERNET has brought in a …
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RBI Reporting Made Simpler With Atumverse-Data ‘Regulatory reporting’ is the submission of raw or summary data needed by regulators to evaluate a bank’s operations and its overall health, thereby determining the status of compliance with applicable regulatory provisions. India, being a mixed economy, has its corporates run hand in hand with the central bank, RBI. In …
IFRS 17: Challenges, Opportunities and the Pressing Need to Automate Hailed as the most significant change to insurance accounting requirement in over 20 years, IFRS 17 will have far reaching strategic implications which will affect organisations beyond their finance function. But before we branch off into the why and how, it is important that we understand the what part of …
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The Changing Face of Money Laundering in Asia-Pacific Gone are the days when money acquired illegally was tucked away under mattresses. Today, money has become like water. It can flow into any crevice and travel great distances. It can change shape and form. Laundering gives money mobility. It helps people legitimise illegally acquired money. Needless …
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The Need for Seamless Customer Onboarding The advent of technology and digitization has ensured that individuals are now increasingly aware of the options available to them in all contexts – be it clothes, food, entertainment, or the big F – finance. Previously, people only had second-hand knowledge on money matters – they largely depended on …
Digitization of African MFIs – The Ground to Cover and Opportunities Therein Author: Krinal Gupta, VP – Product Sales (Africa) at Profinch Solutions As with almost every global economy, the African economy has also suffered major knocks from the Covid-19 pandemic, resulting in a worrying drop in the country’s Gross Domestic Product (GDP), as well as its …
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