Union Bank’s $171 million Wire Fraud – A Wake Up Call 

The Union Bank of India heist is another wake up call to evaluate technologies that avert and plug loopholes and end what is today a wire transfer monopoly

The Hidden Treasures of Semantic Fingerprinting

The futurists of the world are besotted by the science that simulates the engagement , decision and the discovery process of the human brain -in other words Artificial Intelligence(AI) or Cognitive Sciences. Cognitive systems quickly identify patterns similar to a way our brain identifies situations and responds to it. Within AI , there are a number of different technologies and they lie at different points in the curve of adoption with virtual assistants and robo-advisors riding the crest of adoption. This post talks about the merits of the lesser known yet immensely intriguing Semantic Technology .

Is India ready to be the AI Capital ?

India is set to make up for its recent absence from the AI circuit and companies are making big investments to make it happen.Read on

Latin America and Its Fintech Fervour

This is a multi-part series written for a leading global e-publications called LetsTalkPayments . To view the detailed post click on the links below The Phoenix Rising The first part of the LATAM Fintech Series explores the region's challenges ,inspite of which it is becoming a leading destination for expansion and investment for the world with … Continue reading Latin America and Its Fintech Fervour

Who pays off the Technical Debt for Fintech Startups ?

Fintech Startups and the redemption of high technical debts. Who really pays it off ?Read on,,,

Mobile payment platform Chillr to launch UPI

India’s first multi-bank mobile payment platform Chillr is all set to launch its Unified Payments Interface (UPI) facility by March-end, which  will enable customers of nearly 45 banks to make payments on a single platform.Sony Joy, CEO and Co-Founder, Chillr, estimates around 1.50 crore customers to be on-board this platform by the end of 2017-18. “Our … Continue reading Mobile payment platform Chillr to launch UPI

Driving Financial Inclusion through India Post

Any institution that works to establish financial inclusion takes on the role of becoming an emissary of trust - trust in the economy . To establish the first level of trust for the unbanked  is one of the biggest challenges across third world economies. Postal networks have often been the most effective tools of establishing … Continue reading Driving Financial Inclusion through India Post

Blockchain Economy – Embracing the Algorithm

As we struggle to fathom how a decentralized uncontrolled currency may be part of tomorrow’s real world economy there is a paradigm shift in how we perceive money with the onset of blockchain and the bitcoin in banking today. What’s baffling is that the entire control and intelligence lies embedded in an algorithm created by … Continue reading Blockchain Economy – Embracing the Algorithm

A Primer on Electronic Bill Payment and Presentment 

Since its inception around 1984 ,the Electronic Bill Presentment and Payments (EBPP) business has seen a continuous evolution in terms of business models , technology components and services offered by bank . Governments have taken key initiatives to ensure that clearing houses and regulatory bodies support the growth of homegrown EBPP Models. It has emerged as a key change driver driver in the way corporates manage the end to end billing and collection cycle and paved way for a new wave of consumer-centric digital payments and product innovation . Read on for a primer in EBPP

The Curious Case of the Camouflaged Rule Engines

The Rules Engine is the current muse of many an architect giving a smart makeover to the digital landscape of the bank while it adopts disruptive technologies. Read On..