Retired Member
In an increasingly interconnected global economy, cross-border payments play a crucial role in facilitating international trade, commerce, and financial transactions. However, traditional cross-border payment systems have long been plagued by inefficiencies, high costs, and lengthy processing times. In recent years, technological advancements and ...
15 February 2024 /payments /wholesale Banking Architecture
Pallavi Gupta Managing Director at Stratevolve
Adoption GenAI momentum is building rapidly across financial services, driven by ChatGPT capturing mainstream attention. Acquiring 1 million users within 5 days and 100 million within 2 months created awe. Executives took note - today, 80% have some exposure and 40% use it daily. Yet only 30% of firms adopt GenAI in a meaningful way currently, mos...
15 February 2024 /wholesale /markets Artificial Intelligence and Financial Services
Raktim Singh Senior Industry Principal at Infosys
"Programmable Money" is founded on the principle that its issuer can prescribe its usage, transferees, daily spending limits, and even a termination date. One can put any number of conditions in "Programmable Money." It is a monetary system in which operations are performed automatically, programmatically, and through smart cont...
24 January 2024 /retail /wholesale Futuristic Banking
Across the globe, each household does financial transactions almost daily. It's part and parcel of every family's life. Though a large population is still unbanked, many families have used banking services in the last decade. But the moot question is whether all these banking services are tailored to that household's needs. Many times, it's a one-s...
22 January 2024 /retail /wholesale Banking Strategy, Digital and Transformation
Shaju Nair Payments SME, Product Manager at Temenos
If you haven't yet stopped to notice that the payment industry is at the onset of a remarkable change - then this is just about time. If the hundreds of on-going experimental projects in various central and commercial banks are going to finish well - the face of the industry will not be the same as how we know it today. The very concept of money a...
18 January 2024 /retail /wholesale Innovation in Financial Services
The banking industry is characterized by constant change, and adapting is crucial for capitalizing on opportunities and minimizing risks. The increasing demand for real-time information is causing a corresponding evolution and escalation in customer expectations and a transition from physical to virtual service delivery. Need for Agile and Adapti...
12 January 2024 /retail /wholesale Banking
Introduction: The financial industry has been significantly transformed by the Regtech, which has brought about substantial changes to compliance procedures, risk administration, and regulatory disclosure. Regtech, an acronym for regulatory technology, is an emerging industry that makes use of cutting-edge technologies to bolster regulatory procedu...
29 December 2023 /retail /wholesale RegTech
Kiran Komma Senior Domain Consultant at Tata Consutlancy Services
On December 13, 2023, SEC adopted the final rules for enhancing the risk management practices for central clearing in the US treasury market and facilitate additional clearing of US treasury securities transactions. Let us look at the scope, timelines and how it impacts the US treasury market. 1. Current State: The US Treasury market is worth 26 t...
28 December 2023 /regulation /wholesale
In the contemporary digital landscape, Open Banking represents a paradigm shift in managing financial transactions. It helps create an environment where financial institutions can securely share the data with other stakeholders with the customer’s consent. This is done through API ( Application Programming Interface), which helps in data sharing b...
27 December 2023 /retail /wholesale Open Banking
A Digital Mortgage uses technology to connect with borrowers at every stage of the lending process, irrespective of where they are. This type of mortgage reduces costs, eliminates the manual process, and streamlines the entire operation. No more piles of paperwork, phone calls, or waiting in queues at the bank.This revolutionary approach uses tech...
22 December 2023 /retail /wholesale Digital Banking, Mortgages and Savings
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