Category: Financial Services

Blockchain a Succinct Fintech

Blockchain to transform financial services. Disruptive technologies transform traditional industries.  The future computing will have extraordinary capabilities with expected factoring of a 3,000 digit number (40 power to 10) faster than today

Remittances – Game Changer For Economic Development

If just for a minute we can assume every person on this planet has mobile phone, every mobile user has a bank account/wallet, every bank account is created instantly, virally and at no cost, No bank charges exist,

FinTech & Indonesia

Financial Services Authority of Indonesia (Otoritas Jasa Keuangan or OJK) a government agency, which regulates and supervises the financial services sector, has finally issued a regulation on financial technology (Fintech) firms that run peer-to-peer (P2P) lending businesses in Indonesia. On the other hand Bitcoin penetrates deeper into Indonesian market, exciting times. In August 2016 in Tangerang, Indonesia OJK was preparing for regulations to support financial technology businesses. Financial regulators

2017 Year of AI & Digital Payments

To draw a rough sketch of exaggerated scenario of how these two technologies (AI & FinTech) may interact with us in the future and what warrants the, perhaps perplexing, 2 super powers. AI’s Control systems are widely used. They govern how a simple thermostat adapts to a target temperature.

Digital Wallets: Innovation vs Security

Similarly American insurance companies are coming up with insurance technology or Insurtech based on this childhood joke basing business cases on same concept, offering dental insurance and mouth insurance based on data taken from toothbrush tracking. Security & privacy is gone if security does not match the speed and pace. In the start of the post I mentioned technology is good and will happen without a doubt but other critical factors should also come along not only technology.

CashLess –OR– LessCash

CashLess –OR– LessCash – Journey from a cash-only transactional economy to a cashless economy without a full plan, education, and strategy look only a talk […]

What is FinTech and where does it Live?

None of the definitions provided above for FinTech are right or wrong as such. Defining fintech is both an easy and a difficult task. If we are to consider one payment element, which can be defined as “an action done by the acceptor of goods or services in the form of cash handed over or funds transferred through a credit card or online or internet method,

Financial inclusion (Finclusion) – Need or Opportunity

Financial inclusion is a key enabler in reducing poverty & boosting prosperity and to get delivery of financial services at affordable costs to sections of low-income segments of society, in contrast to financial exclusion where those services are not available or affordable. Getting payment products to “understand” each other, or to be “interoperable,” is a big challenge to solve under financial inclusion model.

Mobile Payments – Need, Opportunity or Myth

Mobile payments can be defined as any payment transactions, whether in close proximity or remote. Payments can happen through Internet, proximity technologies charge back or can be executed on mobile devices. Mobile payments market potential, as well as the different trends in business models and technologies that are shaping the global payments and mobile payments evolution are visible as opportunities to be taken up. Decision makers in banks and other financial or even out side traditional

NFC – Channel to Mobile Payments

“NFC-Channel to Mobile Payments” – The race/efforts by nonbank organizations are still on to find innovative ways to get excluded customers on board. Our focus […]

FinTech a wave to pass on or an Opening to….

Abstract -: I am here again with with my observations, experience and reading from internet. Please note all my posts are about FinTech, MFS, Banking, Telecom […]

FinTech Wave – Pursuing Growth In Payments

FinTech Wave – As we all know that FinTech entering in its 3rd wave or many have entered already. This post focus on FinTech not […]

Mobile Payment Services

The current state of the mobile payment industry can be likened to a well-known natural disaster—a tsunami—in the field of technology. There are multiple UDP-based transfer protocols that have been created specifically for efficient transfer over network paths with significant bandwidth delays. Through innovative mobile payment solutions, consumers can efficiently enjoy the perks of services such as topping up airtime, settling bills, and conducting merchant transactions.

AI Reinventing Banks and Banking

Banks to set themselves on for new financial, banking and innovative business. What would have been considered impossible until a few years ago –transforming themselves from impassable monoliths to nimbler organisations, open to new kinds of partnerships. But as we would soon see, Banking-as-a-Service (BaaS) rather than Banking-as-a-Platform (BaaP) more aptly describes banks’ strategy of providing public APIs and development portals.

Live the Best Life – Financial Game Traps

Rather than fooling foreigners, is there a possibility to support and recover economic graves? Maybe by adding flavors of mobile payments, low-cost cross-border remittances, electronic payments, and freedom from cash and real currency. It’s important to study the facts of the game, i.e., offerings, but if you’re presented with a real opportunity, don’t risk losing it.