profinch

Author name: Vijayakumar MG

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

CBDC – A Comprehensive Guide to Central Bank Digital Currencies 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: Understanding 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 Empowering 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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A Beginner’s Guide to Non-Fungible Tokens (NFTs)

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

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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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

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

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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