Fintechs – Products, Community, News
Fintechs – Products, Community, News
Bill discounting is a financial tool widely used in business, particularly in industries where goods or services are supplied on credit. It provides businesses with immediate working capital by allowing them to convert their unpaid invoices into cash, ensuring smooth operations while waiting for their clients to pay. In this article, we will explore the […]
The National Common Mobility Card (NCMC), launched under the “One Nation. One Card” initiative, enables seamless, multi-modal transit payments across India. Supported by the RuPay platform, the NCMC card allows users to make payments for metro, buses, railways, tolls, parking, retail, and more using a single card. This card integrates both online and offline transactions, […]
Reconciliation is the process of ensuring that financial records from different sources (such as bank statements, payment gateways, or internal systems) match and are accurate. It ensures that transactions are properly recorded, balances are correct, and there are no discrepancies between the systems. For banks and fintechs, it involves verifying that incoming payments, expenses, and […]
Banks and fintech companies must acquire several certifications and comply with regulations to ensure security, risk management, and user data protection. These certifications differ across regions, such as India, Europe, and North America, but generally cover compliance, fraud prevention, and data security. Here’s a detailed analysis of key certifications: 1. PCI-DSS (Payment Card Industry Data […]
Fraud and Risk Management (FRM) solutions are critical for safeguarding fintechs and banks from evolving financial crimes, including identity theft, data breaches, and unauthorized transactions. These solutions help identify, monitor, and mitigate risks in real-time by analyzing data and employing AI-based algorithms. Key Benefits: 1. Fraud Prevention: FRM solutions detect suspicious activities early, reducing financial […]
Co-branded credit cards are a type of partnership between a card issuer, typically a bank or financial institution, and a brand (e.g., airlines, retail stores, or service providers). These cards offer enhanced benefits tailored to the brand, providing perks such as discounts, loyalty points, or exclusive offers. Co-branded cards are a win-win for both companies […]
List of common investment jargons: 1. Bull Market: A period where stock prices are rising or expected to rise. 2. Bear Market: A period of declining stock prices. 3. Diversification: Spreading investments across various assets to reduce risk. 4. Portfolio: A collection of financial assets held by an investor. 5. Asset Allocation: The strategy of […]
Types of Digital Fraud 1. Phishing Scams: Fraudsters impersonate legitimate companies to steal personal information. Victims often receive emails asking for sensitive data, leading to account breaches. 2. Ransomware Attacks: Cybercriminals lock users out of their systems and demand payment to restore access. For example, the WannaCry attack in 2017 affected hundreds of thousands of […]
What is a Ponzi Scheme? A Ponzi scheme is a form of investment fraud that promises high returns with little risk to investors. Named after Charles Ponzi, who became infamous for using this scheme in the early 20th century, it involves paying returns to earlier investors using the capital from newer investors rather than from […]
Will the Bubble Burst? v/s India Story India’s rapidly growing equity market has generated a polarized debate, with some analysts warning of an impending bubble, while others champion India’s rise as a global economic powerhouse. To understand the truth behind this debate, we need to explore both arguments thoroughly. The “Bubble” Argument: Overvaluation and Speculation […]