Banking

Spectacular growth has made Tinkoff the third-largest bank in terms of the number of customers.

Under the Payment Services Directive (PSD2), the digital revolution of making payments online is now regulated at a community level.

Anyone who has ever cashed in a cheque would have realized how cumbersome and lengthy the process is given the digital age we live in.

According to a prediction by eMarketer, 22% of all retail commerce sales in the US will come from purchases made on mobile devices.

This article explores what is new from the AI and ML desk to help FIs in fraud detection and prevention.

PSD2 aims to reduce the entry barriers for a FinTech firm and enhance consumer protection & convenience.

APIs will allow businesses to leverage technology with greater velocity in the future, avoiding stumbling blocks of the past and allowing them to seize opportunities for growth.

CMOs are turning to the latest in phone-centric technology to accelerate onboarding and drive sales.

Investment management is a broad field that could involve institutions or individual; we took a look at the applications of AI/ML and Big Data in various domains or activities from the point of view of institutional investment managers.

A study of 22 banks (institutions + digital-only) across APAC, Europe, and the Middle East analyzing digital onboarding methods & eKYC techniques for opening bank accounts found that OTPs and selfies were the most prevalent modern identity verification methods for digital onboarding among those banks.

The term cash-replacement typically refers to a myriad of products such as debit cards, prepaid cards, credit cards, etc., that effectively enable a transaction without cash or (almost) replace cash.

For traditional banks that are trying to change themselves, they find that the digital transformation process is a long-drawn exercise that involves cultural change and organizational change apart from just the technology changes.