Open API Banking

How Open Banking Can Save Banks From Threat of Tech Giants

Open banking provides both a threat and opportunity for financial institutions in the future. Banks and credit unions can either sit on the sideline, or leverage the power of open APIs to compete with both small and big fintech providers. Regulations around open banking, like PSD2, will soon prove to be a boon for technology giants…

Mining Non-traditional data is key to bridging India’s credit gap

India’s 57 million MSMEs employ 120 million people and contribute 45 percent of the nation’s industrial A less discussed side effect of demonetization is that banks are now sitting on an unprecedented sum of surplus deposits, an amount they are struggling to deploy efficiently. Since demonetization,the central bank has amassed a total of Rs.15.28 lakh…