Tushar Chitra Vice President, Product Strategy and Marketing at Oracle Financial Services Software
Having secured an e-money license, you are now focused on launching your digital payments services. Despite having a niche and well-defined scope of offerings and operations, you will still face competition from several types of financial services firms such as traditional banks, payment firms, fintech, and big technology firms, apart from other e...
04 January 2022 /payments /retail Fintech
Over the years, there has been considerable speculation on the impending growth of supply chain finance at a rate higher than growth in documentary trade. According to a report by McKinsey, the CAGR for supply chain finance in the years 2019-2024 is expected to exceed 25%, as against 1-2% for documentary business. These indicators occurred before ...
03 November 2021 /payments /wholesale Transaction Banking
How do you design technology from the ground up so that it’s agile enough to accommodate disruptive changes? And how can you innovate and release products faster―all while keeping costs manageable and the bank resilient? As the enterprise architect in charge of designing the technological foundation for future success, your greatest challenge will...
17 March 2021 /retail /cloud Banking Strategy, Digital and Transformation
The banking industry has been beset with questions such as–Is the branch still relevant? What role does the branch play in light of changing technology, market and consumer dynamics? To put it simply, the relevance of the branch as a servicing outpost is over. To tap a future up for grabs, the bank branch must be redefined into a branch of the fut...
08 March 2021
Successful digital onboarding is not just about enabling a customer to sign up for an account through a mobile phone in 5 minutes. What if the customer is forced into a cumbersome verification process after sign up? What if the customer needs advice on the best account that suits her or his needs or is confused about the details of a loan? If the ...
03 March 2021 /wealth /retail Banking Strategy, Digital and Transformation
A joint study conducted by the Urban Institute and Encore Capital Group's Consumer Credit Research Institute showed that about 77 million Americans currently have a debt in collections, which amounts to 35% of consumers with credit files or data reported to a major credit bureau 1. The Consumer Financial Protection Bureau (CFPB or Bureau) also rep...
04 July 2016 /retail
Women make up more than half of the world’s population and studies predict that in a decade their impact on the global economy as entrepreneurs, employees, producers and consumers will be as significant as that of India or China. In 2012, an estimated 126 million women were starting or running new businesses in 67 economies around the world. Desp...
27 June 2016 /retail /inclusion
As disruptive technologies continue to fuel innovation, banks are not likely to remain unaffected by the emergence of the Internet of Things (IoT). While IoT has been around for longer than the surrounding hype, it’s time to acknowledge that IoT is real and exhibits tremendous growth. Research* suggests that around 6.5 billion things will be conne...
20 June 2016
The silence is profound even as I zip at incredible speeds down a road as smooth as glass. The car drives itself while I look through my activity log using my optical head-mounted smart eye-glasses. As I look up and down, sheets and reminders flicker across the periphery of my vision, and I plan my day. Today's Friday and I have a great deal to do...
01 December 2014 Future Finance
2 hours and 19 minutes. That's how much time the average person spends on mobile apps every day. With a mere 22 minutes spent on the mobile web, consumers are growing more and more used to having an app for everything. And, in this regard, banking services are no different. Banking app usage is through the roof! Over the years, growth in the use o...
22 July 2014 Future Finance
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