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APRA Overview: Understanding the Australian Prudential Regulation Authority

Digitization / By

APRA Overview: Understanding the Australian Prudential Regulation Authority This blog post will provide an overview of the Australian Prudential Regulation Authority (APRA). We will discuss APRA’s role in the financial sector, its regulatory reporting requirements, and how they are supporting the growth of fintech in Australia. We hope that this information will be helpful for …

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Banking in the Metaverse: Virtual Reality Empowering Banking Experience

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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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A Beginner’s Guide to Non-Fungible Tokens (NFTs)

Regulatory Reporting and Compliance / By

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

Card on File Tokenization (CoFT): Benefits, Risks and Implications for Consumers and Merchants

Regulatory Reporting and Compliance / By

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 …

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Indian Banking ecosystem to undergo revamp with RBI’s mandate on UCB automation

Indian Banking ecosystem to undergo revamp with RBI’s mandate on UCB automation

Regulatory Reporting and Compliance / By

Indian Banking Ecosystem To Undergo Revamp With RBI’s Mandate On UCB Automation Author: Kamal Sharma, Business Development Head – Regulatory Practice, Profinch As with every other sector and industry post COVID-19, the Indian banking system has also become increasingly hybrid. However, the banking system is one of the first sectors to have experienced consistent digitisation, …

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4 Reasons that Make IT Managed Services a Competitive Advantage for Banks after 2020

4 Reasons that Make IT Managed Services a Competitive Advantage for Banks after 2020

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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

Automation is not the final stop. For an invisible bank, autonomous is the next step

Digitization / By

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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6 Missing Pieces of Digital Banking that could Bring Transformation

6 Missing Pieces of Digital Banking that could Bring Transformation

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6 Missing Pieces Of Digital Banking That Could Bring Transformation Banks and financial institutions were the earliest adopters of technology and banking has undergone massive transformation ever since they opened its doors to technology and digitalisation. Core banking services, NEFT-RTGS and finally debit cards introduced by banks paved the way for digital transformation. This stupendous …

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RBI Reporting made simpler with FinCluez - Profinch

RBI Reporting made simpler with FinCluez

Regulatory Reporting and Compliance / By

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 …

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