A next-gen core solution for payments, digital banking, and card issuance, built for tomorrow’s financial challenges.
Currently, more than ten African countries are in the process of launching central bank digital currencies (CBDCs). While none of these have taken off yet, the potential use cases of CBDCs are relevant for some of the most enduring challenges with payments and transfers in Africa, including ...
Despite the many benefits of digital corporate banking, there are still certain challenges that may arise. Perhaps the biggest drawback is the security risks. For example, if the user neglects to follow cybersecurity protocols and recommended practices, it may expose the company to serious damage ...
The Future of FinTech: Opportunities and Challenges Looking ahead, Duarte Camacho sees both opportunities and challenges in the future of FinTech. While innovation continues to drive efficiency and accessibility, companies must address concerns related to security, compliance, and financial inclusion. “...
Cross-border payments, a natural casualty of reduced travel and global supply chain challenges, accounted for the remainder of the revenue decline. By contrast, the explosion in e-commerce and reduction in cash usage helped minimize the decline in domestic transaction fee income. We...
Dominance of Mobile Wallets Mobile wallets are another digital payment solution accelerated by the Covid-19 pandemic that has become a viable alternative to conventional payment methods. It allows underbanked users to quickly become financially active online and get access to various digital services. ...
this process, while Sect.4describes the stages of this digital transformation. Section5explains where banks and Fintechs currently stand, and provides examples of opportunities for new forms of collaboration. Finally, Sect.6presents a brief conclusion and describes upcoming challenges for the industry...
economy out of the current recession. Investing in future-proof, nation-wide, broadband infrastructure would provide the country with substantial short-term and long-term economic stimulus.Turner, S DerekTurner, S. Derek. Down Payment on Our Digital Future. Stimulus Policies for the 21st Century....
Digital wallets have been called the future of real-world payment technology. With major players like Alipay, WeChat and Apple Pay becoming popular, it seems to be a safe bet that a change in consumer payment technology is coming soon. A recent study by Citi Retail Services found that a ...
Dive into a realm where advanced AI-driven solutions reshape the way businesses operate, turning challenges into opportunities and propelling enterprises into tomorrow's successes. FIND OUT MORE > CUTTING-EDGE SOLUTIONS. We are focused on helping enterprises protect and grow their bottom line through...