Affin Bank in Malaysia has hired global payments software provider ACI Worldwide to “modernize the bank’s real-time payment capabilities.” Affin Bank chooses to make payments to ACI Worldwide. As part of the agreement, the commercial bank with its headquarters in…
The financial services industry is undergoing a transformative shift. Fueled by the ever-growing volume, variety, and velocity of data, big data analytics is revolutionizing the way Fintech companies operate. By harnessing the power of these vast information landscapes, FinTech’s are…
The world of finance is undergoing a digital revolution, with robo-advisors emerging as a powerful force. These automated investment platforms are shaking up the traditional financial landscape by offering a convenient, affordable, and data-driven approach to investing. What are Robo-Advisors?…
The General Data Protection Regulation (GDPR) has been a game-changer in the way personal data is handled across industries, especially in the financial technologies (fintech) sector. As a cornerstone of the digital economy, fintech companies deal with vast amounts of…
The financial technology (fintech) industry is experiencing explosive growth, transforming the way individuals and businesses manage their finances. However, this rapid evolution is coupled with an increased demand for robust cybersecurity measures. In a landscape where digital transactions are surging,…
Open banking, a revolutionary approach in the financial landscape, involves sharing financial data and services through APIs with third parties. This collaborative model enables the creation of innovative apps and services that utilize shared financial information, fostering a customer-centric and…
The banking, financial institutions, and fintech sectors encounter an escalating number of scams annually, broadly categorized into physical attacks, internal collusion, and digital fraud. In response, automation and machine learning have emerged as pivotal tools, enabling businesses to stay ahead…
What are Cross Border Payments? Cross-border payments refer to transactions involving banks, financial institutions, businesses, or individuals located in different countries, regardless of whether they share a common border. Projections from a Juniper Research report indicate that cross-border B2B payments…
The advent of the Unified Payments Interface (UPI) has been nothing short of revolutionary. UPI, a game-changing payment system in India, has redefined the landscape for online selling platforms, fostering unprecedented growth and transforming revenue models. This article delves into…
The idea of deferred payments isn’t novel; installment payments historically catered to cash-strapped individuals. Credit cards, a standout 20th-century financial product, essentially function as a buy now, pay later mechanism. However, evolving user preferences, shaped by digital convenience, have altered…
