profinch

Digitization

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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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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6 Missing Pieces of Digital Banking that could Bring Transformation

6 Missing Pieces of Digital Banking that could Bring Transformation

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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The Need for Seamless Customer Onboarding

The Need for Seamless Customer Onboarding The advent of technology and digitization has ensured that individuals are now increasingly aware of the options available to them in all contexts – be it clothes, food, entertainment, or the big F – finance. Previously, people only had second-hand knowledge on money matters – they largely depended on …

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