How RBI’s new Account Aggregator initiative plays into the payment services and India’s financial industry as a whole while making processes easier.
In 2018 India had a sale of more than 3.3 million passenger cars making it the 5th biggest car market in the world. Lion’s share of this was financed or bought on loans which amounted to more than 2.6 million vehicles. Since…
Introduction
Between the years 1990 and 2018, the social security and welfare revenue expenditure of India was more than INR1.6 trillion. Observers point out that much of this did not reach the beneficiaries as mediators consumed the lion’s share. The central government…
In 2019, the rental industry has made a huge market in India with estimates that the market stands at about $1.5 billion. But most people tend to limit the rental industry to car/house rentals like Zoomcar or ZoloStay. But in reality, the…
Learn about the key challenges faced while performing customer onboarding banking and how to succeed in them using our best practices.
Customer Onboarding is a crucial aspect of business development. But what executives miss out on is the fact that it can help their salesforce as well. 89% of customers reported that they would pay more for companies with better customer onboarding processes,…
With an expected growth projection of nearly USD 24 billion for the blockchain market by 2023, the industry is all set to an exponential start this decade. The terms blockchain and cryptocurrency have had a symbiotic evolution. This has rendered them nearly…
AML compliance has been at the forefront to fight the threat of global terrorism. No wonder Governments across the world take it seriously. In 2018, U.S. Bancorp agreed to pay $613 million in penalties for a faulty KYC AML check.
According to…
Within the first 2 months since the onset of the unexpected pandemic in 2020, attempted unauthorized and fraudulent transactions increased by 35%. If the trend continues frauds due to unauthorized transactions are expected to reach a global high of $40 billion by…
Check how the most advanced AML screening solution APIs are used to prevent money laundering and aml compliance.
