profinch

Author name: moonshot

Revolutionizing Indian Banking Ecosystem With RBI’s Mandate On Digital Banking Unit (DBU)

Revolutionizing Indian Banking Ecosystem With RBI’s Mandate On Digital Banking Unit (DBU) In the last budget speech, the finance minister announced setting around 75 digital bank units in 75 districts. Closely following the heels, RBI, on 07th April 2022, released a mandate to set up a Digital Banking Unit(DBU). The circular has come into effect immediately. …

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The Evolution of Digital Banking: From an Exaggerated Utility to a Necessity

The Evolution Of Digital Banking: From An Exaggerated Utility To A Necessity Introduction The digital banking industry has come a long way since Charles Schwab opened the first online brokerage account in 1975. From an exaggerated utility to a necessity, digital banking is now one of the most popular financial services available today. What started …

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What’s the hype around Central Bank Digital Currency (CBDC) ?

What’s The Hype Around Central Bank Digital Currency (CBDC) ? Recently e-Naira, the Central Bank Digital Currency (CBDC) was launched in Nigeria amidst much fanfare. Nigeria is the latest country to join a bandwagon of countries like Bahamas, Sweden and China. A recent survey reveals that almost 85% of central banks are in various stages …

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International Women’s Day: Championing Women in Fintech

International Women’s Day: Championing Women In Fintech The theme of International Women’s Day 2022 (IWD 2022) is “Gender equality today for a sustainable tomorrow,” recognising the contributions of women and girls around the world who are leading the change in the industry and charge on climate change adaptation, mitigation, and response to build a more …

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APRA and Its Contribution in the Australian Financial Sector

APRA And Its Contribution In The Australian Financial Sector APRA, or the Australian Prudential Regulation Authority, is a financial regulator that was formed in 1998 as a result of the Wallis Inquiry. APRA is an independent statutory authority that reports to Parliament through the Treasurer. APRA’s primary responsibility is to regulate Australia’s financial sector and …

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APRA Overview: What You Need to Know About the Australian Prudential Regulation Authority

APRA Overview: What You Need To Know About 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 …

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Banking in the Metaverse: Virtual Reality Powering the Banking Experience

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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Atumverse: Integrated Data and Digital Cloud Ready Platform

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