Artificial intelligence startups in India lag behind China and the US in receiving funding. But they have an important role to play across sectors, including in the payments and financial-technology segments. Deepak Sharma, chief digital officer at Kotak Mahindra Bank, explains https://techcircle.vccircle.com/2018/05/23/ai-will-become-a-payments-channel-soon-kotak-s-deepak-sharma-at-payments-summit how AI and other technologies such as blockchain can impact the payment and fintech industry at the News Corp VCCircle Payments Summit. Watch the video for more. Youtube: Videos: https://www.youtube.com/user/VCCIRCLE/featured VCCircle: http://www.vccircle.com/ Twitter: VCCircle: https://twitter.com/vccircle VCCStartups: https://twitter.com/vccstartups/ Facebook: VCCircle: https://www.facebook.com/VCCStartups/ VCCStartups: https://www.facebook.com/VCCStartups/ LinkedIn: https://www.linkedin.com/company-beta/975216/
Views: 848 News Corp VCCircle
http://www.globalchange.com Mobile phone companies could threaten banks, banking industry and financial services with mobile payment systems. Smartphones end to credit cards, cash cards and other traditional banking methods. Micropayments already used for foreign exchange transactions. Banking will grow using PDAs and other mobile devices. How banking industry will look for new partnerships with mobile phone operators and device manufacturers. Future of financial services mobile device marketing of loans, insurance and mortgages. How telecom companies will be able to offer free handsets and unlimited calls / sms / data use if users stop using credit cards or cash cards for most payments. mcommerce, ecommerce, mobile marketing. Comment by Futurist phones keynote conference speaker Patrick Dixon.
Views: 4134 Futurist Keynote Speaker Patrick Dixon - FUTURE
While FinTech is revolutionizing the banking industry and giving millions of people access to financial services for the first time, new banking models are emerging with FinTech start-ups and tech firms potentially disrupting the status quo. But business schools and universities are not preparing future bankers for these changes, says FinTech thought leader Henri Arslanian. How can designers, programmers and creative thinkers help? Henri Arslanian started his career as a financial markets and funds lawyer in Canada and Hong Kong, after which he spent many years with UBS Investment Bank in Hong Kong. In recent years, he has been teaching graduate courses on Entrepreneurship in Finance at Hong Kong University as an Adjunct Associate Professor, and currently leads the first FinTech course in Asia. His latest book on Entrepreneurship in Finance will be published in late 2016 by Palgrave Macmillan. A member of the Milken Institute’s Young Leaders Circle, Henri is a regular keynote speaker globally on the topic of FinTech and hedge funds and currently sits on a number of finance, academic, civil society and FinTech related boards and advisory boards. Henri is fluent in English, French, Armenian, Spanish and conversational in Mandarin Chinese and has been awarded many academic and industry awards over the years, including the Governor General of Canada Gold Medal for Academic Excellence. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
Views: 293688 TEDx Talks
Built grounds up on ISO 20022 standards, Oracle Banking Payments, is designed to help banks compartmentalize payments messaging, message transformation and payment processing into distinct tiers. It supports global as well as local payment standards like SEPA, SWIFT 2017, Fedwire, US ACH and SWIFT GPI. The solution can be easily extended to comply with any local and international clearing and settlement messages. https://www.oracle.com/industries/financial-services/products/banking-payments/index.html
Views: 984 OracleFS
Barbara Casu Lukac, Professor of Banking and Finance, and Ruth Wandhöfer, a PhD Candidate, discuss the new research that explores whether and how technology innovation, in conjunction with policy measures, can improve the process of correspondent banking cross-border payments.
Views: 478 SibosTV
By http://judopay.com | http://hub.judopay.com When you make a purchase online, as an end consumer you see the transaction fail or pass. But behind the scenes is a detailed process flow taking place to ensure your information is securely passed to the relevant parties in order to assess your purchase. In this video Dennis Jones, CEO of judo, explains the players involved in mobile payments. He uses a customer transaction and walks you through all the possible scenarios. If you are a business looking to integrate mobile payments or you are simply interested in this industry, this video will help you understand payments and the pricing models by businesses. About: Judo Payments is Europe's only mobile first card payments company for apps and mobile web. Take payments on any mobile device in a fast, secure and simple way and create a successful mobile story.
Views: 204781 Judopay
Mobile payments, cardless ATMs and mobile wallets – these are just some of the innovations we are seeing in the banking sector. Banks must increase the perceived and actual value of mobile banking. This video from http://cxi.today explores how. Source: white paper by Oracle.
Views: 3012 cxi.today
Learn how to tell the Banking Digital Transformation story, enabling you to engage prospects on current industry challenges. Explore how companies can re-imagine their business models. Learn what digitalization means in the Banking industry.
Views: 3431 SAP PartnerEdge
How Credit Card Processing Works : http://www.bancardsales.com How Does Credit Card Processing Work ►►If you're looking for a way to collect payments online, this is the Best Payment page builder that I have found: http://bit.ly/2S10S7J This video explains how credit card payments are passed from the cardholder to the merchant bank account. Included in the video is the transaction cycle, and a detailed explanation of the two main pricing models. If you've ever wondered: How Does Credit Card Processing Work? How To Process Credit Cards? How Credit Card Processing Works? How To Accept Credit Card Payments At Your Business or Understanding the transaction flow, then you'll want to watch this video. It's part of a credit card processing basics video series so be sure to check back for more updates and additional videos in the series. Additionally, you can check out http://www.bancardsales.com for more tips and tutorials on how merchant account processing works. https://www.youtube.com/watch?v=avRkRuQsZ6M
Views: 427216 BancardSales
Webinar 'Demystifying Banking Series - SWIFT for Payments' is fifth in the series of our "Demystifying Banking Series" of webinars. The focus of this webinar is to understand basics of SWIFT messages that are used for payments in industry. Why Participate • This is a unique opportunity to gain knowledge on SWIFT messages used for customer and Financial institution fund transfers. • Leading trainer will be sharing his expertise and answering your questions on SWIFT messages used in payment area. Key topics that will be discussed 1.What is SWIFT? 2. SWIFT Services for Banks 3. SWIFTNet messaging category MT 1,2,and 9 4. SWIFT MX messages Pain, Pacs and Camt messages
Views: 49002 Mvlco Pune
Ben Teague and Michael Aaron discuss the changes in technology and the opportunity for New Zealand's banks and FinTech companies to deliver an integrated payments experience.
Views: 85 IBM Australia & New Zealand
The Banker’s Joy Macknight talks to Paul Taylor, head of sales in Europe, Middle East and Africa in global transaction services at Bank of America.
Views: 4739 The Banker
Chapter 2: Digitalisation and disintermediation in the payments industry - The Payments industry in transformation
Views: 4485 The Banker
http://www.newgensoft.com/solutions/banking-finance/ How would you like to transact with your bank in 2020? On vacation - relaxing on a beach, from your home or on the go? Most of us would prefer all three where time, place and medium don't matter. Today, Banks are adapting to changing consumer behavior and are focusing on building new channels for interacting and transacting with them. The millennials in particular prefer banking anywhere, anytime and is therefore demanding innovative methods for availing banking services.
Views: 167072 Newgen Software
Has your account been shut down? Until federal banking regulations clearly allow not only for the cannabis industry to accept credit cards but to be allowed a bank account at a federally backed bank the only legal way to accept card payments with a cashless ATM. Also known as Point of Banking, a cashless ATM is the ONLY legal solution (at this time) for the cannabis industry to accept card payments. BE WEARY OF SALES PEOPLE WHO TRY TO SET YOU UP ON THE DEBIT NETWORK AND NOT THE ATM NETWORK - THIS IS ILLEGAL AND YOUR PAYMENT SYSTEM WILL BE SHUT DOWN! Work with professionals and we will get set up within a week by visiting PaySafeSolutions.org or www.MerchantDoctor.net who have joined forces with Guardian Data Systems to provide the most comprehensive network of services for the cannabis industry from banking, leasing, to cashless ATMs. If you would like a no bull consultation for your business simply write Rhett Baylies - The Merchant Doctor at [email protected] 800-705-8090!
Views: 483 Merchant Doctor
In association with Barclays Thanks to advanced technology, the world of global commerce is changing fast. Startups are challenging big financial institutions, while developers have more access to finance APIs than ever before. But where is this heading? Will the startups take over the financial landscape or will the finance giants embrace the disruption? This session will feature a variety of startups and experts across the fintech space, who will discuss the future of commerce and the impact of technology on the financial service market. Panel Discussion Panelists: Darren Foulds, Mobile Banking MD, Barclays Seb Taveau, Corporate Venture & Strategic Alliances, Mastercard Bill Harris, CEO, Personal Capital Moderator : Eryc Branham, GM & CRO, RocketSpace Recorded at MEF Global Forum 2014 in San Francisco http://mefglobalforum.org/agenda_day1/
Views: 335 MEFTVChannel
Why banks need technology partners to implement mobile banking, mobile payments and other consumer solutions. Future banking trends - Futurist speaker, Patrick Dixon - author 15 books on global trends and Chairman of Global Change Ltd - is an international inspirational lecturer, and expert, on leadership, management, supply chain, innovation, trends analysis and business strategy. He has been ranked one of the 20 most influential business thinkers alive today (Thinkers 50). For more articles and videos please visit: http://www.globalchange.com Subscribe to Patrick's YouTube Channel: http://www.youtube.com/subscription_center?add_user=pjvdixon Google+ https://plus.google.com/PatrickDixonFuturist LinkedIn: http://uk.linkedin.com/in/patrickdixon Twitter: https://twitter.com/patrickdixon Facebook: https://www.facebook.com/drpatrickdixon
Views: 2250 Futurist Keynote Speaker Patrick Dixon - FUTURE
Financial Opportunities Forum [November 28, 2017] - Mr. Nandan Madhiwalla talks about Retail Payments Industry Payment mechanisms have evolved over time, and currently we have multiple platforms. The card industry works in two different business models. Open loop with four parties or closed loop with three parties. In india, we see emergence of new payments platforms beyond card based payments such as United Payments Interface, Bharat QR, Aadhar Enabled Payment System among others. With the government's thrust on digitization, these platforms have been well received. Cryptocurrencies have emerged globally, but have no backing by governments. The recent price appreciations have drawn many first time buyers but it remains to be seen if cryptocurrencies are used for consumption. Time will tell the future of cryptocurrencies. Disclaimer: The information provided here is meant only for general reading/viewing purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. Before making any investments, the readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision None of the Sponsor, the Investment Manager, the Trustee, their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of loss of profits arising from the information contained in this material. The contents available on the website are as on a particular date; therefore the viewers/ investors may at their discretion, seek latest/ updated information.
Views: 2719 PPFAS Mutual Fund
How mobile payments will transform both telcos and banks. Retail banking in world where costs of providing smartphones, bandwidth etc is falling to zero, while revenues from mobile transactions are rising fast. Patrick Dixon, futurist keynote speaker - conference lecture at premier Google marketing event. Personalised marketing messages. Social marketing and digital marketing trends. Dealing with concerns about consumer privacy. Threats to business model of telcos and retail banks.
Views: 10269 Futurist Keynote Speaker Patrick Dixon - FUTURE
This is a practical vocabulary lesson about words we use at the bank. Banking has a set of specialized vocabulary, and you may be nervous to go to the bank in an English-speaking country. But knowing some useful words will make it easy and pleasant for you. In this lesson, I will teach you the meaning of "bank teller", "PIN", "investments", "account", "deposit", "withdraw", and many more terms associated with going to the bank. If you want to feel more confident when going to the bank and speaking in English, watch this lesson and complete the quiz. After that, you'll be in business! http://www.engvid.com/real-english-vocabulary-at-the-bank/ TRANSCRIPT Hi, everyone. I'm Alex. Thanks for clicking, and welcome to this lesson on "Bank Vocabulary". Today, we're going to talk about going to the bank, and the different things you can do, and the different verbs associated and nouns associated with this very common experience. So, first, when you enter the bank, you have to "get in line" or "get in the queue". Now, specifically, in the United States, even in Canada, we use the word "line" when you're waiting to see someone at the bank. If you are in other parts of the world, specifically England, you can also call a line a "queue", so you get in the queue or get in line. Next, once it's your turn to, you know, do your business at the bank, you see a "bank teller". So, the name of the person who helps you at the bank is the teller. And after you see the bank teller, if you already have an account with the bank, you have to use your bank card and put in your "PIN". Your "PIN" is your personal identification number, your code, your password. Right? Now, once this is done, you're ready, the bank teller can see your account. Or maybe it's your first time and you didn't put in a PIN, there are different things you can do and ask for when you're at the bank. Number one, you can say: "Hi. I'd like to open an account", or "close an account". Now, again the two most common types of accounts at a bank are a checking account and a savings account. So your checking is your everyday spending. This is what you use your debit card for. Right? So, I'm just going to put "debit card" here. Your debit card is your bank card, and this is what you use to make payments when you go out to restaurants, movie theaters, etc. Okay, you can also transfer money when you are at the bank. So if you'd like to move some money from your checking account, for example, to one of your other accounts, such as a savings account or maybe a joint account that you have with your partner, husband, wife, etc., you can ask to do that. You can say: "Hi. I'd like to transfer $200 from my checking account to my savings account." And again, this is if you don't do online banking, which solves a lot of these issues. Now, instead of transferring money, you can also "deposit" money or "make a deposit". This means you are putting money into your accounts. So if you, you know, receive a check from the government, for example, or maybe your workplace still gives checks (it still happens, it does), you can deposit that check. And "deposit it" means put that money into your account. You can "withdraw". Now, "to withdraw" is to take out money. So, these two are really the most common verbs when you're talking about exchanging money with the bank, whether you're in the bank or at an ATM machine. So you deposit, which means you put money in; withdraw means you take money out. So you can withdraw or take out money. And the term we can also use is you can make a "withdrawal". And you'll see the "al" here, this means that, again, this is a noun in this case. The verb, there's no "al" at the end; it's just "withdraw". Withdraw money. You can "pay a bill". So, again, bills are our favourite things in the world, like pay for your electricity at your house, or your television, internet, etc. Now, again, this doesn't only have to be for those common things, because most people today, you have an automatic withdraw happens when you pay for a bill. But again, sometimes you get something where you have to go to the bank to pay the bill. If you get something from the Ministry of Transportation or something from the government, and it's unclear what you have to do to pay something online, you can go to the bank and you can pay that bill. Also, you can "exchange currency". So if you are travelling somewhere and you only have money from your country, you can change that money. And again, the name for "money" in this case is "currency", like the dollar is one type of currency, the yen is another type of currency. And you can ask the bank: "What's your rate?" because different places, exchange offices, banks, will have different rates for your currency. So, for example, the bank might say, if I'm travelling from Canada to the United States, they might say: "95 cents per dollar." Okay? So for every dollar that I have Canadian, I receive 95 cents American.
Views: 237966 Learn English with Alex [engVid]
Learn about financial crime prevention in the payments industry by visiting: http://www.ACIworldwide.com Jasbir Anand discusses how some of the current weaknesses in payment systems are exploited by fraudsters, and why institutions need an Enterprise Fraud Management strategy. The more sophisticated customers have started to almost do the reverse of what a fraud rule does. In the past, people would write conditions to try and recognize fraud. So, this is a high risk purchase, in a high risk country. Our most effective customers have started to almost write rules for the opposite of that, which is to try and recognize good behavior. So, identify customers that travel frequently. Identify customers that usually have high risk purchases, and filter those customer transactions out, again in an effort to reduce the overall false positive rate. I think, with the implementation of chip and PIN technology now, there's going to be a greater requirement to start to decision higher risk transactions while still allowing customers to transact. And, as many examples of really effective strategies that our customers have deployed. For example, they can start to leverage location-based information from an online transaction. Compare that to a credit card or debit card transaction. And, identify if the probability of that customer being in those locations is even viable. So, the flexibility of the solution allows you to implement rules and conditions that are not limited to the analytics that are delivered with the solution, but in fact allow our customers to be ingenious and create new and effective strategies to stop fraud and mitigate risk, while still keeping the customer as the central focus. Yes. What it means is that you are actually making decisions for that customer based on all of their transactions across all the channels as opposed to simply looking at their behavior across the debit card channel or the credit card channel or online channel, independently. So, that's a step towards an enterprise fraud decision solution that allows you to, not only recognize the behaviors of the customer across the channels, but then also identify anomalous transactions very effectively, by realizing if the behavior is simply a movement across one channel, or is a net new transaction. So, for example, a customer pays their bills at the branch, and then starts to use online banking. If you only looked at it from the perspective of online banking, it would look like net new high risk behavior. But, understanding that it's normal behavior that's transitioned from the branch to the online channel, allows us to identify it as normal customer behavior and prevent false positives from being created. Mobile banking is a new transaction channel. If the customer has ? in place, he can leverage that same solution, add the mobile banking transactions to the solution and start to protect that channel from fraud. ACI Analytics are behavior-based analytics, that store information forever. We store information in something called the profile. A profile is simply a statistical representation of behavior. So, for example, the average amount taken out in an ATM could be a profile-based variable. We can store that variable over a month, a week, or a year, and use that variable to compare against the current transaction. Now, maintaining behavior-based profiles allows us to quickly identify transactions that are anomalous to profiles. A rule, for example may say, if the transaction amount is $500 and this is the first time that you've used an ATM, that's high risk. A profile variable would compare that high risk transaction to known past behaviors. So, if this customer has a propensity of normally taking out $500 at new ATMs, it's not as high risk as if a customer always uses the same ATMs and generally only takes out $200. So, by comparing via a combination of both rules and behavior-based analytics, we provide the best of both worlds or the best capability to really focus in and zero in on the transactions that are most suspicious. The secure business line is releasing capability solutions. Capability solutions are really a combination of products that are geared towards solving a particular business problem. SUBSCRIBE HERE TO SEE MORE GREAT VIDEOS ► http://www.youtube.com/subscription_center?add_user=ACIWorldwide SUBSCRIBE TO PODCAST CHANNEL ► https://itunes.apple.com/gw/podcast/aci-worldwide-podcast-series/id820468115?mt=2 CONNECT WITH ACI WORLDWIDE Facebook ► https://www.facebook.com/aciworldwide Twitter ► https://twitter.com/aci_worldwide LinkedIn ► https://www.linkedin.com/company/aci-worldwide Google+ ► https://plus.google.com/+Aciworldwideinc/
Views: 559 ACI Worldwide
Business Insider spoke to economist Garrick Hileman, from the University of Cambridge, about central banks experimenting with blockchain technology. Hileman said an increasing number of central banks are looking to the system due to its resilience and transparency. He adds that although blockchain could become important as banks move away from physical currency, there are privacy issues with the technology. Watch the video to find out more. -------------------------------------------------- Follow BI UK on Twitter: http://bit.ly/1Nz3jG3 Follow BI UK on Facebook: http://bit.ly/1VWDkiy Follow BI UK on Instagram: http://bit.ly/2gsLEds Read more on BI UK: uk.businessinsider.com -------------------------------------------------- Business Insider UK is the largest business news site for British readers and viewers in the UK. Our mission: to tell you all you need to know about the big world around you. The BI UK Video team focuses on business, technology, strategy, and culture with an emphasis on unique storytelling and data that appeals to the next generation of leaders.
Views: 6020 Business Insider
The Center for Financial Professionals hosted a Payments Forum in February 2018, at this event, we interviewed some of our key presenters for their insight into what the future holds for the Payments industry. Interview with: Craig Ramsay, Global Head of Innovation, GLCM, HSBC, Scott Manson, Head of Strategy for Payments and Banking Products, Nationwide Building Society, Caitriona Whelan, Head of Industry Engagement and Payment Change, NatWest, and Marco Marocco, Head of Market Services Division, Intesa Sanpaolo. Disclaimer: These views are those of the individual and do not represent their organization or the Center for Financial Professionals. View the full Risk Insights TV collection of presentations, panel discussions, interview and webinars online at, www.risk-insights.com/tv
Views: 22 Center for Financial Professionals
Until now major banks, credit card companies and financial giants have controlled the $100 trillion payments industry. But with new technologies emerging, fintech companies starting up and regulation evolving, all involved now need to re-assess the way that they do business. Learn more about the trends that are disrupting the financial service industry as well as their impact. Digital Unplugged microsite: http://cib.db.com/insights-and-initiatives/initiatives/digital-unplugged-digital-trends-demystified.htm
Views: 2110 Deutsche Bank
This is the near future. www.pwc.nl/nl/banken/future-of-banking.html Things have changed. In the financial sector customers are at the centre of attention again. Technology changed a lot. And so fast that not everyone has been able to keep up. The past few years banks had a rough time adapting to the new world. They were busy with new regulations. Some were so distracted, they forgot to innovate. You can probably imagine what they went through. You want more information?
Views: 67368 PwCnetherlands
Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don’t understand, while the last crisis left a feeling of deep mistrust and confusion. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause the last crisis and are there alternatives? The music from the video is available here! http://epicmountainmusic.bandcamp.com/track/banking http://soundcloud.com/epicmountain/banking http://www.epic-mountain.com Visit us on our Website, Twitter, Facebook, Patreon or Behance to say hi! http://kurzgesagt.org https://www.facebook.com/Kurzgesagt https://twitter.com/Kurz_Gesagt http://www.patreon.com/Kurzgesagt http://www.behance.net/Kurzgesagt Banking Explained – Money and Credit Help us caption & translate this video! http://www.youtube.com/timedtext_cs_panel?c=UCsXVk37bltHxD1rDPwtNM8Q&tab=2
Views: 5306434 Kurzgesagt – In a Nutshell
As shown by the proliferation of Bitcoin and the wave of innovation that followed, blockchain technology can be applied to many different industries. 🤝🏿 http://bit.ly/PLEASE-Subscribe 🤝 Reddit ➡️ http://bit.ly/DccReddit Telegram ➡️ http://bit.ly/TelegramDCC One would think that such a high-volume industry would have more efficient processes in place already but, alas, many aspects of the banking system are still predicated on laws that were established decades ago. Facebook ➡️ http://bit.ly/DccFacebook Medium ➡️ http://bit.ly/DccMedium Twitter ➡️ http://bit.ly/DccTwitter Security protocols Oftentimes, international transactions are flagged and ultimately not going through because of stringent security protocols which can wrongfully alert the system and create a massive headache for customers who are simply trying to conduct business and don’t serve any threat. Cross-border transactions are a huge problem since they are highly inefficient and quite expensive for banks and business, alike. The crux of the problem is that payment systems are typically based on local laws and there is still no global standard that enables the process to run smoothly. Cross-Border Payment Solutions on the Blockchain One of the most high-profile examples of this is Ripple, which is taking on the daunting task of completely replacing SWIFT, an international banking network that currently dominates payment order transfers. Instead, Ripple is partnering with TransferGo, an international payment platform, to test its XRP-powered xRapid (a component of RippleNet), lowering the cost and liquidity for their global payments. TransferGo CEO Daumantas Dvilinskas confirmed that they are using the technology to “establish real-time communication between us and our banking partners in India” and make international payments immediately. Ripple was not at all shy about their feelings toward SWIFT. Ripple CEO, Brad Garlinghouse, was quoted as saying: “SWIFT said not that long ago they didn’t see blockchain as a solution to correspondent banking. We’ve got well over 100 of their customers saying they disagree.” It seems SWIFT has another blockchain-related threat on its hands in the form of the Central Bank of Iran (CBI). In a dramatic development, SWIFT ousted the Central Bank of Iran from its financial banking system and, in response, the country decided to accelerate development of its own state-backed national currency, Crypto-Rial, to transfer payments. Developed by the Informatics Services Corporation (ISC), a private tech wing of the CBI, the technology will enable Iranian commercial banks to use the tokens as a payment instrument in transactions and banking settlement, in the coming days. Payment processing One of the top three insurers in Japan, Sompo Holdings, Inc. is teaming up with BitPesa, a foreign exchange platform and treasury solution based in Africa, and are also trying to address the issue of remittance and payment processing and ultimately encourage global trade. And it doesn’t stop there. A project led by JP Morgan, the Interbank Information Network (IIN), is also diligently working toward being the only solution to the problem of cross border payments, at scale. This project would be less about cutting costs (like the above examples) and more about creating new products that couldn’t otherwise be done without blockchain. JP Morgan estimates that IIN will handle more than 300,000 transactions a day. But it remains to be seen if it can successfully do this and eventually surpass SWIFT which processes 14.5m cross-border payments, as noted in the Financial Times. -By Stewie Zhu - November 15, 2018 ℹ️ Distributed Credit Chain: #blockchain infrastructure behind credit data exchange. World’s 1st #distributed #banking public chain with a goal to establish a #decentralized ecosystem for #financial service providers around the world. By empowering #credit with blockchain technology and returning ownership of data to individuals, DCC’s mission is to transform #fintech scenarios and realize true inclusive #finance. ℹ️ https://www.dcc.finance
Views: 119 Distributed Credit Chain
Medhat Iskander from BPC Banking Technologies speaks about the key disruptive trends affecting the industry, and the key challenges they and their customers have faced in 2016 so far.
Views: 109 Seamless Terrapinn
Dive into how financial institutions can use data management to differeientiate themselves from their competitors and more on http://www.worldpaymentsreport.com.
Views: 711 Capgemini
Banking Project for Software Testers 1. Introduction to Banking Software Banking is an important Domain/Area in Software Development, Domains/Areas in Software development are, i. BFSI (Banking Financial Services and Insurance) ii. ERP (Enterprise Resource Planning) iii. Telecom iv. Healthcare v. Retail Market vi. Logistics vii. Ecommerce viii. Games etc... In Baking we have several business operations that require different types of Software Applications, Important Banking Software Applications are, i. Core Banking System ii. ATM Banking iii. Internet Banking System (Online Banking) iv. Mobile Banking System v. Forex Management vi. Treasury Management System (Treasury Management for Banks) vii. Asset Liability Management System viii. Financial Management System Etc... Internet Banking System Internet Banking System integrates the various levels of interactions between the bank and its customers and provides the customers of the bank with the necessary interface to avail banking services on Net. Internet banking helps the customer of a bank to access his account from anywhere in the world. It helps the bank to handles the customer requests more efficiently and effectively and saves lot of time for the customer as he can get the information without going to the bank. It has 3 important layers, i. Admin interface for managing the Application ii. User Interface for specified Business Operations iii. Database Interface to communicate with Banking Database... This Internet Banking System / Internet Banking Software developed using Java Technology, and database is Oracle. Development & Testing Environment: Intranet Production Environment: Internet (Public Web Application) And It is N-Tier Application/Distributed Application, I communicates with Core banking Application, ATM Banking Application, Credit Card Management Application and Other applications in production. Important Modules: i. Admin (Managing the Application, Add/Edit/Delete Master Data, User Management & Services Management) ii. Information (About the Bank, Banking Products like Term Deposits, and Loans Information, and Other bank Information for Guest users and Account Holders.) iii. Personal Banking (Bill Payments, Money Transfer, Prepaid Recharge, Credit Card Payment, Apply for Loans etc..for individual persons) iv. Corporate Banking (Banking services for Companies or Corporate users. v. Business (Business Services other than Banking for Bank Account Holders...) Important Functional Features in Personal Banking: • Login to the Application • Balance Enquiry • Open Deposits • Apply for Loans • Apply Credit Card • Pay Credit Card bill • Bill Payments • Add Payee/Edit Payee/Delete Payee • Manage Payees • Manage Billers • Transfer of funds from one account to another • Scheduled Transaction • Transaction Status • Recharge (DTH, Mobile, Data card) • Statement of Account • Receive Funds • Stop Cheque Requests • Cheque Book Requests • Reporting of loss of ATM cards • Previous transaction report • Cheque payment status • Stop Payment status • Interest rate for various deposit schemes and loan schemes • Product features of various bank products.
Views: 31301 G C Reddy
James Haycock, author of Bye Bye Banks? and MD of digital innovation agency Adaptive Lab, discusses how fintech companies are unbundling the services of retail banks. *** Our MD, James Haycock, has written a book about disruption in finance called Bye Bye Banks? On 7th July 2016, we hosted an event at the Ace Hotel to mark the launch. A lively panel discussion ensued featuring: - Jason Bates, Co Founder of Mondo - Alessandro Hatami, former Digital Payments and Innovation Director, Lloyds - Lee Sankey, former Group Design Director, Barclays - Dave Birch, Director of Consult Hyperion and internationally renowned thought leader on digital identity and digital payments. The discussion was captured in this series of videos. You can find out more about the book on the Adaptive Lab website: http://bit.ly/1LxIM54 Bye Bye Banks? is available to buy on Amazon http://amzn.to/1fXpzyf
Views: 228 Adaptive Lab
Speaker: Chinmay Chauhan, Product Manager, Grab GrabTaxi is an automated location based smartphone booking and dispatch platform for the taxi industry in South East Asia. GrabTaxi aims to revamp these local taxi markets by introducing simple, cost effective mobile-based technology to both the supply (dispatch companies) and demand (passenger) sides of the distribution chain. Event Page: http://www.productcampsg.com Produced by Engineers.SG Help us caption & translate this video! http://amara.org/v/44Yg/
Views: 698 Engineers.SG
http://www.globalchange.com Mobile payments growth, replacing cheques, bank cards, cash cards and credit cards. Use of smartphones in ecommerce, in retail transactions and wireless payment systems in shops, shopping malls and other stores. Future of banking, financial services and telecommunications. Changes in consumer behavior, customer choice and financial industry regulation. Telecom industry will become banks, and banks will become phone companies. Convergence of retail, financial services, insurance, phones and other mobile devices. Competition from paypall and online payment systems. Contactless payments using wireless RFID technology in phones and smart cards. Growth of m-commerce and also paradoxically in use of physical cash by people who like privacy, data protection and anonymous purchases of goods and services. Future payment systems will be instant, highly secure using biometrics to validate identity, and strong encryption of personal data. Patrick Dixon is a conference keynote speaker on future of banking, and future of telecom, phone industry. Video of keynote to Femsa.
Views: 1715 Futurist Keynote Speaker Patrick Dixon - FUTURE
Anders La Cour is the co-founder and CEO of Saxo Payments Banking Circle, a utility layer providing global transaction processing and payments to the banking industry. Many people talk about banks becoming a backend, payment processing utility layer, and Anders is actively building a business to play that role. Anders is a lawyer by training and worked in M&A advisory and Venture Capital prior to starting Banking Circle. If you enjoy today’s episode, check out the entire back catalog at www.bankingthefuture.com. Thank you very much for joining us today, please welcome, Anders La Cour.
Views: 4 Rebank: Banking the Future
https://www.capgemini.com/experts/thought-leadership/world-payments-report-2016-from-capgemini-and-bnp-paribas Jean-Francois Denis, Deputy Global Head of Cash Management, BNP Paribas and Christophe Vergne, Payments and World Payments Report Leader, Capgemini, talk about the double digit growth revealed in the latest World Payments Report. As they explain, this growth is paving the way for banks to launch new instruments, and explore the transformational regulatory landscape and how banks need to react to corporates’ demands for more digitalisation of support functions.
Views: 223 Capgemini
Watch this webinar to gain a greater understanding more of the latest trends in Real-Time payments and digital banking. Additionally, we will be exploring the need for “Payments Modernization” that will lead to the development of payment hubs and the use of APIs as a way to generate new revenue streams. · Kevin Patton: Director Solution Consulting - ACI Worldwide · George Throckmorton: Managing Director, Advanced Payment Solution Group - NACHA · Moderator David Beach: Editor - Bobsguide
Views: 149 ACI Worldwide
This course covers the nature and functions of money. Topics include a survey of the operation and development of the banking system in the U.S. and an introduction to the monetary policy. Learn more about Missouri State iCourses at http://outreach.missouristate.edu/icourses.htm
Views: 8435 Missouri State University
Speakers: Elizabeth Petrie, Citigroup; Michael Mah, Brookfield; Craig Young, SWIFT Cyber attackers are increasingly targeting financial centers of corporate entities to steal money and sensitive data. How should the financial services industry prepare itself for the growing threat? We’ll deconstruct the evolving cyber threat and explore the approaches that criminals are adopting today. Gain perspective on the overall trends and specific regional differences in the approach to cybersecurity and cyber risks, and what’s important to look for from service providers to address those risks.
Views: 1234 Payments Canada
Western Union Business Solutions has collaborated with core banking software providers to enable you to give your members real-time international payments through your Internet Banking platform. Watch this short video to discover what this facility means to the Defence Bank, Bankmecu, and Qantas Credit Union and their members.
Views: 227 Andrew Rees
http://www.globalchange.com How mobile payments will impact future of banks, banking, back end payment processing, credit card transactions and retail customer spending. Smartphones using encryption and biometrics will enable telecom companies to compete with banks and credit card companies for retail payment transactions. Expect wireless payments using smartphones to grow rapidly. Despite this, some customers will continue to prefer cash because it allows anonymous purchases and is convenient for smaller purchases. Mobile payments could generate commissions of up to EU2 billion a year in countries like France, Germany, Italy and the UK. What would happen if -- say -- Vodafone formed a partnership with Google, Nokia and American Express? Implications for financial services, small loans, large ticket purchases of white goods, cars and other big items. Conference keynote speaker and Futurist Patrick Dixon speaking at retail trends conference for Hermes clients. Future of banking and financial services.
Views: 3701 Futurist Keynote Speaker Patrick Dixon - FUTURE
Deutsche Bank’s Isabel Schmidt discusses FinTech and the Bank’s strategy around the delivery of digital payment services to clients. She also covers the effect that standardized and streamlined digital payments have on fees and the initiatives on advanced connectivity systems.
Views: 261 GFMAG.com Videos
A fun video on AccessPay's Bank Connectivity Solution (featuring a talking penguin!) - a simple and affordable way to automate payments using straight-through processing.
Views: 1397 AccessPay
Presentation from David Brown, Head of Payments GSC APAC, Finastra at The Point 2018 Payments NZ conference June 2018.
Views: 412 Payments NZ
Watch ► Jayalalithaa Takes Oath - Full Speech : https://goo.gl/W8w8Gr -~-~~-~~~-~~-~- Experts talk about Small Finance Banks and Payments Banks Connect with Puthiya Thalaimurai TV Online: SUBSCRIBE to get the latest Tamil news updates: http://bit.ly/1O4soYP Visit Puthiya Thalaimurai TV WEBSITE: http://puthiyathalaimurai.tv/ Like Puthiya Thalaimurai TV on FACEBOOK: https://www.facebook.com/PutiyaTalaimuraimagazine Follow Puthiya Thalaimurai TV TWITTER: https://twitter.com/PTTVOnlineNews About Puthiya Thalaimurai TV Puthiya Thalaimurai TV is a 24x7 live news channel in Tamil launched on August 24, 2011.Due to its independent editorial stance it became extremely popular in India and abroad within days of its launch and continues to remain so till date.The channel looks at issues through the eyes of the common man and serves as a platform that airs people's views.The editorial policy is built on strong ethics and fair reporting methods that does not favour or oppose any individual, ideology, group, government, organisation or sponsor.The channel’s primary aim is taking unbiased and accurate information to the socially conscious common man. Besides giving live and current information the channel broadcasts news on sports, business and international affairs. It also offers a wide array of week end programmes. The channel is promoted by Chennai based New Gen Media Corporation. The company also publishes popular Tamil magazines- Puthiya Thalaimurai and Kalvi. The news center is based in Chennai city, supported by a sprawling network of bureaus all over Tamil Nadu. It has a northern hub in the capital Delhi.The channel is proud of its well trained journalists and employs cutting edge technology for news gathering and processing.
Views: 2178 Puthiyathalaimurai TV
Help your customers check and pay their credit card balance without missing a beat. That's the power of Dara™
Views: 304 Conduent
http://www.globalchange.com Future of the retail industry, Patrick Dixon delivers a conference keynote for BNP Paribas in Bulgaria. The decreasing use of cash, which costs EU60bn a year to handle, through mobile payments. 70% of all global mobile payments are happening in Africa, and are responsible for 1/3 of Kenya's GDP. 1.7bn people globally don't have a traditional bank account but have a mobile phone capable of payments. Bulgaria Smartphone sales increased 24% in 2012. Mobile payments are inexpensive for financial service providers.
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Views: 2325 Chico Crypto
Payment experts from ACI Worldwide discuss developments which are shaping the future of the payments industry. http://www.ACIWorldwide.com Louis Blatt: People are buying stuff all around the world, in new ways and different ways, but it's a global market. And, it really impacts the economy, the culture, all the different ways in which people behave around the globe, become obvious in payments.It's complex. It's an extremely complex market. There's people who do payments that are processors on behalf of banks, who then do it on behalf of businesses, who do it on behalf of consumers. And, you can take any niche of this market and think about it or you can think about the payment market in its totality. Charlie Linberg: Well, it's going to have two aspects. There will be a technical aspect to it, that's going to be a highly integrated, a common data model, probably service-oriented as well, little redundancy, no silos of automation. From a technical perspective, I think, that's the way it'll lay out. From a business perspective, I think, we are going to see more common processing of common payment types. You are going to see debit and ACH, the line's blurring. You may see some lines blurring between some wire and low value payments as well, [a la] the example before with faster pay. Craig Ramsey: Legacy ACH systems. Those are now going to be retired. People can start to see the light at the very long tunnel, and the light's getting brighter at ?. We will start to see SEPA payments being adopted through choice, not through regulation. Corporates will start to see benefits of them. So, certainly in Europe we are going to see more and more use of SEPA, more and more standardization of payments processing. With that comes some downsizing of the bank. They lose further revenues. So, what's going to happen is they are going to add value to the payments. They can't offer the same SEPA processing that the bank next door is offering. They have to add value beyond that, whether it be better liquidity to the customers, better reporting, value added services. They will use those services in MTS that we've traditionally used for complex payments processing in a simple payments for SEPA. Dan Heimann: Watch for disruption. Well, I think, traditional banking services are probably not going to change a whole lot. The way consumers pay for things, I think, is going to change and could be destructive to the whole industry worldwide. Things like mobile applications, and mobile purchases, and being able to do things in a very mobile environment, especially for the new generation that's coming up. They expect that. And, I think that's going to cause some changes. Craig: Standards will be adopted throughout the world that SEPA has used to get to this stage in the market. Bernard Delahaye: There's a strong call to the banks to move forward and much faster in innovation. Mobile payments is obviously one of the key ones, so the banks have really to adapt their infrastructure to accept the traffic and the payments coming from the mobile world. Charlie: Probably my favorite project over the past couple of years, has been one in the UK. It's called, Faster Payments, which you may or may not have heard of. It's where they actually created a new payment instrument, which is pretty exciting, because that doesn't happen all the time. It's a kind of a blend between ACH payments and wire payments. A blend of the characteristics with same day settlement, real-time money movement. It's just very exciting to us because it leverages...it's very compatible with our core competencies. Louis: I was over in Asia with a customer who was able to show me how they are really reducing the number of branches they have. They are greatly increasing the number of ATMs that they have. And, then they are tying the ATM to the mobile device... SUBSCRIBE HERE TO SEE MORE GREAT VIDEOS ► http://www.youtube.com/subscription_center?add_user=ACIWorldwide SUBSCRIBE TO PODCAST CHANNEL ► https://itunes.apple.com/gw/podcast/aci-worldwide-podcast-series/id820468115?mt=2 CONNECT WITH ACI WORLDWIDE Facebook ► https://www.facebook.com/aciworldwide Twitter ► https://twitter.com/aci_worldwide LinkedIn ► https://www.linkedin.com/company/aci-worldwide Google+ ► https://plus.google.com/+Aciworldwideinc/
Views: 5195 ACI Worldwide