News

Redefining Payments: Tracing the evolution of Unified Payments Interface (UPI)

Old dog, new tricks Unless you have been dwelling in a cave, it's impossible to escape the mighty Unified Payment Int...
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Money Go Round – A Look into PSD2’s Open Banking Payments

From the History Books The date of April 11th holds a special significance in the tech world.On this fateful day back...
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Conversational convergence

A Promise Made It has been almost 5 years since Google first showed off their voice assistant Google Duplex. Dressed ...
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CBDC – The era of sovereign digital money – Part 4

The Retail Avatar In its retail form, CBDCs are meant to be used by individuals and businesses for daily transactions...
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CBDC – The era of sovereign digital money – Part 3

Interoperability across nations CBDCs can be broadly classified into ‘Wholesale’ and ‘Retail’, based on the key stake...
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CBDC – The era of sovereign digital money – Part 2

The promise of a better world Meta’s Diem initiative was abandoned in January 2022, but it will forever be regarded a...
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CBDC – The era of sovereign digital money – Part 1

The dwindling relevance of physical cash It was in 2020 when I first heard about "Anthropophobia" - you know, the fea...
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The curious case of the ‘Stable’coins!

Pop goes the weasel In May 2022, Terra’s Stablecoin (UST) lost its peg to the dollar. In other words, it stopped bein...
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Analysing money flow with the AML assist tool

Fraud and Risk Management (FRM) platforms use link analysis to understand how the money flows. In the context of real-ti...
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Effective management of suspicious transaction alerts

Fraud and Risk Management (FRM) platforms work on the principles of classification of a digital payment transaction into...
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Shared authority between bank and branch

Most fraud and risk management products are built with a single-layer enterprise in mind. For example, it could be for a...
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In-memory profiling at scale

Most rule-based fraud and risk management solutions use certain data elements from digital payment transactions and stat...
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Two-way approach to detect fraud

Rule-based filters can detect well-known fraud patterns of payment transactions very effectively. However, for new and d...
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Need of a multi-channel digital payment FRM solution

Fraud and Risk Management solutions usually focused on single instrument of payment like – card or cheque or wire transf...
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Need is to deal with multi-channel digital payment frauds including RTP

Real Time Payment is increasing at rapid pace word wide. 79 nations have already implemented some form of RTP rails, and...
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B2B payments modernization seen as key to surviving looming recession

According to PYMNTS, 25% of B2B payments are still made by cheque, and smaller and midsize companies...
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Numberless Credit Cards – a growing trend

Mastercard has partnered with UNO Digital Bank to issue digital and physical Debit Mastercard cards in the Phi...
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Worldline announces BNPL for travel payments

Worldline has partnered with leading travel payment provider Fly Now Pay Later and the joint offering is avail...
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Tribe Focused Banking

There was a time when the term tribe brought to mind a bow-and-arrow-wielding ethnic community, usually led by a chief. ...
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RBI enhances UPI Mandates and expands Scope of BBPS

In his statement during the Monetary Policy Meeting on December 5-7, 2022, the RBI Governor announced certain addit...
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Rise of the MetaHeads

The Evolution of the Metaverse I was in college when “The Matrix” released. It just blew my mind away, and soon becam...
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India to start retail CBDC trials from December 1

After starting the wholesale digital rupee (e₹-W) pilot on November 1st, 2022, RBI is all set to launch the retail CBDC ...
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Digital Wallets – Security

How secure are Digital Wallets? This is a question that naturally comes to mind as DWs are all about money. Since DWs us...
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Digital Wallets – Technology

Digital Wallets are hyper-personal solutions. Hence, a large part of the adoption will be driven by the user experience ...
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JP Morgan and Mastercard launch Pay-by-Bank solution

Pay-by-Bank is an ACH payment that uses open banking. This enables consumers to give permission for their...
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Digital Wallets: Convenience is King!

The primary driver for Digital Wallet (DW) is Convenience; convenience for mom-and-pop stores to have a business account...
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Central Bank Digital Currency – Key Considerations for Adoption

Introduction Central Bank Digital Currency or CBDC today tops the agenda of every Central Bank. While the People’s Ba...
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Digital payments impacting everyday life – What must happen to keep them reliable?

Part 4 In Part 1 we had discussed resiliency as the underlying principle that drives the design of mission-critical p...
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Digital payments impacting everyday life – What must happen to keep them reliable?

Part 3 In Part 1 we had discussed resiliency as the underlying principle that drives the design of mission-critical p...
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Digital payments impacting everyday life – What must happen to keep them reliable?

Part 2 In Part 1 we had discussed about resiliency as the underlying principle that drives the design of mission-crit...
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Digital payments impacting everyday life – What must happen to keep them reliable?

Part 1 Principal requirements for mission critical payments infrastructure are: High Availability (HA): There shou...
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Are you ready for decentralized Social Media?

Storm in a teacup Over the last 6 months, we have been witnessing one of the greatest corporate sagas that is so much...
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The ReCommerce Way to Sustainability

On the 50th anniversary of Earth Day on April 22, 2021, thredUP, the world’s largest fashion resale platform partnered w...
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Innovation in B2B Payments – Racing to catch up with the digital payments revolution

While B2C (retail) payments have seen disruptive and continuing innovation in recent years, modernization efforts for B2...
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Looking back at 2021 – How Payments fared as the World Reopened

After a brief appearance in 2003 that was quickly contained, the SARS coronavirus reared its ugly head once again in lat...
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Buy Now Pay Later: A Frightening Trend

The disruption in the payments world triggered by the virus scare has provided a huge fillip to Buy Now Pay Later (BNPL)...
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Digital Overlay Services – New Kid on the Block

The first two decades of the 21st century saw new and disrupting phenomena in the payments ecosystem. Before that, the p...
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Is it time for the Nordics to learn payments innovation from India?

A column published in FinansWatch, by Kristian T Sorensen, Partner in Norfico, emphasizes the relevance of payments in t...
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Digital Overlay Services – Value-additions to future-proof payments

Businesses, Consumers and all other stakeholders in-between are single-mindedly focused on commerce today. Commerce in t...
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Bill Payments – A disruption waiting to happen

It is generally believed that the smartphone has disrupted society by replacing the simple cell phone with a clever devi...
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Staying ahead of Real-time Fraud

The last couple of years have seen an unprecedented surge in the demand for digital payments globally, thanks to advance...
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Electronic Bill Payment using E-Mandate

The process of electronic bill payment has its own set of challenges even though it seems to increase operational effici...
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Transformative infrastructure for e-payments

The key concluding events for commerce are invoicing and payments. As nations and regions with countries who share soft ...
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Bill Payment Network – A digital transformation infrastructure

The Nordic region is perhaps the closest to becoming a cashless society. Cash usage as reported recentlyi: Sweden - 2.1%...
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Tokenization: The Future of Payments Security?

Background: The Payment Card Industry Data Security Standard (PCI-DSS) was created to increase controls aroundcardhol...
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The Three Facets of Fighting Against Fraud

The fight against fraud for digital payments resides on the 3 vertices – Education, Experience, and Intelligence. Dig...
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Demystifying Fraud Detection

Worldwide, fraud is manifested typically after payment credentials are compromised. Having said that, there are scenario...
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Intensifying M&A in the Payments World

In its efforts to keep pace with the value creation needed to meet rising customer expectations, the payments industry i...
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