While it’s relatively easy to access financial services in urban areas, a large proportion of the population in rural India and other developing economies face challenges accessing basic banking services such as depositing money or securing credit.
There is no doubt that financial inclusion is a key driver behind reducing poverty. Access to affordable financial services has been directly linked to a reduction in poverty, in addition to benefits such as empowering specific demographics and sections of society, increasing investment in small business, raising productivity and incomes, and generating investment in social infrastructure.
As a global market leader in financial technology, FIS is recognised worldwide by bank start-ups and other financial institutions looking to disrupt traditional financial services. From app-only banks and micro ATMs to mobile access and more, FIS has completely reinvented the way consumers interact with their banks and financial institutions, bringing financial access to more people, thus showing their commitment towards empowering India’s financial world.
Developing Innovative Solutions for Financial Inclusion
In 2015, FIS announced this Lab, conceptualised to work with the Indian government and its agencies, banks, entrepreneurs, leading infrastructure providers and non-profit groups, to provide banking and financial literacy throughout India. Based in Bangalore, the Lab is developing innovative solutions that increase access to banking technology for unbanked and underserved customers.
Denne historien er fra May 2017-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra May 2017-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
It's a bank and a brokerage - FinecoBank
FinecoBank of Italy is a highly tech-enabled bank that is a combination of a bank and a brokerage:
A model for cloud adoption - Zurich Cantonal Bank
The bank is had opted for cloud to offer better service to its customers:
RBI Governor urges NBFCs to adhere to fair practices code
The Reserve Bank of India (RBI) Governor has urged Non-Banking Financial Companies (NBFCs) to strictly adhere to the Fair Practices Code, emphasizing sustainable growth and robust risk management in the sector.
Automated, Adaptive, Al-enabled Architecture is a must
Security heads from 2 BFSI companies reveal the key cyberfrauds and strategies to combat them:
Fraudsters too gain ground as real-time payment systems grow
There is a need for the technologies behind the real-time payment systems to gain a march over the methods of fraudsters:
Ethics & Challenges of AI in Cyber security: Navigating the Moral Maze
Even as AI is finding its place in the cyber security domain, an entirely new frontier of ethical challenges awaits.
Bangladesh Finance: 25% faster customer service; 15% higher customer retention
Bangladesh Finance, established in 1999, is a leading financial institution in Bangladesh.
Fino sparkles with technology & brand upshift
Fino Payments Bank started operations in June 2017, providing banking services to mass market customers, who are largely rural-based.
Savington Upshifts: 48% Faster, Churn down 31%
Savington International Insurance Brokers LLC, founded in 2006 by Dev Maitra, is a prominent insurance provider in the UAE.
Zoroastrian Bank: Multiple awards for being the Best
Established in 1927 by Sir Hormusjee Cowasjee Dinshaw Adenwalla, Zoroastrian Bank is a prominent urban cooperative bank headquartered in Mumbai, India.
