Tag: Security

Magic Word “-PAY-” in Digital Payments

Today’s consumer expects a seamless mobile payment experience; failing to meet those expectations can be devastating to a brand, idea, innovation and eventually the payments industry. The world’s best companies; main from out side of payment / financial domain are rushing (yes rushing) for Digital Transformation for money. Getting inspired by the cutting-edge technologies, innovative products and solutions

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Artificial Intelligence for Digital Payments Security

The best to protect data from stealing by hackers; may be by not converting and putting the data in system, In the old days people says keep smiling it does not cost you anything hang on this is not true any more.

Privacy, Innovations and Security in Digital Payments

Against escalating security threats on mobile payments, empowerment of merchants, acquirers, and service providers with new commerce opportunities and experiences in store and protection should

Payments – Innovation & Info-security

Is it about swapping the technology-by-technology or swapping people who were previously dealing with technology and business to bring innovation with security. Logging with Application passwords, logging with some

Digital Payments – Security vs Speed

Abstract – In Digital payments world million dollar question comes in at every stage what is more important security or speed (Performance & Ease). Financial system security design principles can be organized into logical groups, for example, least privilege is a principle and appears

Digital Wallets: Innovation vs Security

This is the part-2 of this post –  Digital Payments – Security vs Speed Abstract – Drive against Cash or is it a case against […]

What is FinTech and where does it Live?

Abstract – A few years back, I had a fascinating discussion about Fintech. Today every 3rd if not 4th profile on LinkedIn is about FinTech Expert. Few days ago someone asked me a million dollar question “What is FinTech?” I was intrigued with such a small, simple question but found it difficult to answer this to a person who is not from those 4 people from linkedin. My simple briefing note to answer this question was, “Fintech is a technical tool to support financial services”, making it simple for everyone on this planet earth along with promoting idea of “Financial Services as a basic right for every human being”. Financial technology, also known as fintech, is an economic industry composed of companies that use technology to make financial services more efficient. Why it is so inherently difficult to define the concept of Fintech, is because definitions change over time. Alternatively, traditional banking organizations are hindered by legacy operating systems, capacity to innovate, agility and technology expertise.

FinTech the Champion of “Banking” Services

Despite the proclamations of some visionary Fintech founders, banks aren’t disappearing anytime soon. The engine under the hood of big banks — the compliance and money-transfer systems — are simply too difficult for any start-up to replace, which is why tech plays like Apple Pay are still built on top of existing bank systems and payment rails. To maintain the dominance they’ve enjoyed up to this point, however, banks need a radical redesign of their customer-facing assets. If banks fail to overhaul

Digitised Bank Payments – Their Struggle Saga with Friend FinTech

MNO’s speed to achieve their goal to standardise, automate, digitise, remove boundaries by brining cross order financial/remittances service in form of payments, cash, airtime, paperless and online. At the same time banks are still in their canteens with their coffee mugs without any sign of worry but in reality all African banks face tough challenges from MNO’s & Fintech players.

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