Fintechs – Products, Community, News
Fintechs – Products, Community, News
3D-Secure (Three-Domain Secure) is a security protocol that provides an additional layer of authentication for online card transactions. Introduced by Visa (as Verified by Visa) and later adopted by other major card networks like MasterCard (MasterCard SecureCode) and American Express (SafeKey), the purpose of 3D-Secure is to reduce fraud and increase the security of e-commerce […]
Introduction In today’s fast-paced world, financial needs can arise unexpectedly, and not everyone has the means to cope with sudden expenses. This is where “early salary” or “salary advance” services come into play. These services allow employees to access a portion of their salary before their regular payday to manage urgent financial needs. The concept […]
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 […]