As a result of the advances in security technology and the evolving habits of customers, the payments industry is experiencing rapid growth. Advances in security technology and the evolving habits of customers has led to rapid growth in the payments industry. Here are 7 key trends that are redefining the future of payments. The Rise of Gen Z Reports suggest…
The introduction of Artificial Intelligence in banking has expanded the range of financial services available to investors. Artificial Intelligence makes financial services more easily accessible and personalizes financial transactions for investors. With AI-powered banking, spending, saving and investment habits are centered around your personal financial goals. AI-based banking helps financial institutions create futuristic banking products that can learn from your…
Just a year back, a simple housing loan meant a day spent with eagle-eyed banking officials scrutinizing sheaves of important papers. The similar story would be repeated for other repetitive payments like school fees, insurance premiums, credit card bills and more. Well, non-payment of electric bills or school fees may result in a night in darkness or a light rebuke…
Payments are broadly categorized into push payments and pull payments. When a payer initiates a payment to a specific recipient by debiting his own account and crediting the account of the recipient, that is a push payment. When the recipient invokes a contract (usually a payment instruction or mandate) to debit the payers account and credit his own account that…
Recently I had to do a thorough review of one of our very old products. A lot of the code was written over 10 years ago. Initially built with Apache Ant, it was one of our very first products to use Apache Maven as its build tool.The most striking feature of the exercise was the comfort I felt with the…