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India’s Digital Payment Revolution: A Decade of Unprecedented Growth

Fintech News

UPI is a real-time payment system developed by the National Payments Corporation of India (NPCI) that enables instant money transfers between two bank accounts through a mobile platform. These guidelines enable non-bank entities to enter the payment aggregation business and expand their scope to include the import of services.

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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

As more people have worked, learned, banked, exercised, relaxed, and even sought medical care from home during Covid-19, they have gotten a crash course in just how much can be accomplished at home. Branchless banking. BANKING, HEALTHCARE, RETAIL SECTORS LIKELY TO EXPERIENCE SIGNIFICANT GROWTH IN CHATBOT USE. Cloud call centers.

Posting 101
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SFF 2024 Awards Highlights Fintech Innovation with Updated Categories, New AI Focus

Fintech News

Over 200 submissions were received across six categories, with 175 entries in the corporate categories and 29 in the individual Fintech Mentor Award category. It enables financial institutions, especially those without core banking systems or with systems lacking API integration, to manage bulk transactions. ThitsaWorks Pte.

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ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

NACHA, the payments clearing house through which ACH transactions flow, reported a banner year in 2020, posting an 8.2% Specifically, ACH Originators of WEB debit entries are required to use a “commercially reasonable fraudulent transaction detection system” to screen WEB debits for fraud. Trial and micro deposits of just a few cents.

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What are ACH payments? And how does it work?

Nanonets

ACH (Automated Clearing House) payments are electronic fund transfers that use the ACH network to move funds between bank accounts in the United States. Banks would compile ACH transfers onto tapes once per day, and ship the tapes to the clearing house to have the transfers distributed to the banks they are meant to go to.

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. From big banks to big tech. get the REPORT on next generation investors.

Finance 77
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Vietnam’s Digital Finance Landscape: Banks Gain Ground Amidst Shifting Competition

Fintech News

Vietnam’s digital finance landscape is undergoing a notable shift as new players emerge, established ones fade, and traditional banks rise to prominence, a new report by Decision Lab shows. However, by Q4 2023, Moca had slipped out of the top rankings, replaced by mobile apps from traditional banks.

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