Neobanks are driving this revolution of digitization by replacing traditional banking services with innovative financial solutions. Neobanks are online-only financial institutions that provide banking services, having fewer physical branch overheads. Designed with convenience and low fees in mind,…
There is a widespread need to transfer large sums of money from one country to another, but sometimes, it isn't very easy. Proper security, cost, and speed must be considered when transferring money. Whether you are transferring funds for…
The digital revolution of financial services has welcomed API, or Application Programming Interface, banking as a game changer, which is fundamentally changing how banks and businesses interact. API Banking provides direct access for businesses to core banking functions like…
The Unified Payments Interface is the revolution that has made digital payments easy in India, allowing peer-to-peer and business transactions with just a few taps. At the heart of UPI functionality and success comes the Virtual Payment Address, being…
Banking as a Service (BaaS), is the new wave of disruption in financial services, enabling non-bank businesses to bake in banking services via APIs into their products. This has presented newer avenues for fintech companies, startups, and even traditional…
Today, while sending money across borders has become a dire need for individuals, businesses, and expats, it has become an unwarranted need, considering the globalization effect on every aspect of life. International money transfer apps have risen over the…
In today's business world, efficiency and accuracy are considered paramount in financial transactions. From paying employees' salaries to paying vendors, all kinds of payments need to be managed by any organization, irrespective of its size. Conventionally, such payments…
In this fast-paced and highly regulated business world, organizations have to ensure that internal controls are robust enough to avoid errors, fraud, and operational inefficiencies. Among the different ways to accomplish such strengthening of controls, one important process is…
In today's fast-moving digital world, businesses and people try to find easy ways to process payments. Among the various tools that have enjoyed growing demand, payment links top the list. Easy to create and use, payment links help businesses…
The repo contract, or repurchase agreement, in common terms, is among the most crucial financial instruments that trade in liquidity markets and facilitate short-term borrowings and lendings. This article will discuss the fundamental components of a repurchase agreement, its…
