Reality Check

Payments in Flux

Collaborative Payment System is the way forward for Banks

In the last six months, a series of events like the bitcoin surge, movement to Real Time Payments and Open Banking overtures through PSD2 has brought a new alignment of financial forces.Disruptions like IoT, mobile technology and deeper in-roads of smartphones has further skyrocketed customer expectations.

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Today’s perspective about tomorrow’s banks.

Technology has completely disrupted the banking industry with digitization becoming a strategic focus. banking in 2018 will undergo a radical change. It is indeed a far cry from those physical registers and human tellers manually counting your money.

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Payments Blogs
Payments Blogs

Ahli Bank of Kuwait Data Migration – Exciting Frontiers, Overcoming Challenges, Ensuring Success

Ahli Bank of Kuwait (ABK) is one of the leading banks in the Middle East with a large customer base. The increasing demand for mobility and platform agnostic digital services needed a highly flexible, robust and agile core banking system.

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Specialized “Reporting Framework” for IBK to facilitate faster migration to Finacle

The Industrial Bank of Kuwait delivers specialized services to support industries and corporates in Kuwait. It provides long term and medium term financing for establishment, expansion and modernization of industrial units in the country.

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Specialized “Reporting Framework” for IBK to facilitate faster migration to Finacle

The most recent PNB scam has shaken up the financial sector of India with a cool wipe out of $1.8 billion. The alleged scamsters were aided by junior employees of the bank’s Brady house branch. The modus operandi was to issue Letter of Undertaking through the SWIFT terminals without any margin money or pre-approved credit limit. It is alleged that the promoters also raised fraudulent Letter of Credit in favour of foreign suppliers.

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