The Latest Bank-FinTech Initiatives

As some estimations suggest, ~$4.7 trillion out of $13.7 trillion of the traditional financial services’ revenue is at risk of being displaced by new technology-enabled entrants which include FinTech players from lending, wealth management, payments and others. Even though there is a debate on the accuracy of estimations with some...

Read More · 5 minutes


Why Join a Regulatory Sandbox?

Financial industry authorities caught some sort of a fever in 2016 with regulatory sandboxes launched around the world. The trend demonstrates openness and the forward-thinking attitude of the governments in terms of innovation implementation. A great contribution to economies, regulatory sandboxes are also a fantastic opportunity for startups to get...

Read More · 3 minutes

Authentication & Security

The Story of OTP

One time passwords, or OTPs as they are popularly called, have become the authentication factor of choice for most of the payment service providers in India. The use of OTPs extends to non-financial transactions as well, for instance, logging a customer to a smartphone application. Currently, all banks and mobile...

Read More · 5 minutes

Enabling Technologies

Synchrony Financial Invests in FlexReceipts, Inc.

Strategic Investments Group Makes Investment in Emerging Technology Provider of Digital Receipts and Customer Engagement Solutions STAMFORD, Conn.--(BUSINESS WIRE)--Synchrony Financial (NYSE:SYF) today announced a strategic investment in flexReceipts, Inc., a provider of enriched digital receipts, data analytics and customer engagement solutions. The investment was made through Synchrony Financial’s Strategic Investments...

Read More · 2 minutes


Global Microtransactions

International payments are not optimized for micro transactions. A foreign withdrawal from an ATM may be charged up to 5%. Wire transfers from banks deduct an arbitrary fee sometimes both from the sender and the receiver. Banks are often not upfront about the currency exchange rates and swallow money in...

Read More · 5 minutes