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Unified Payments Interface (UPI): Meaning and How it Works?

Razorpay

The Unified Payments Interface (UPI) is a game-changer technology for digital payments, allowing users to make instant payments, check account balances, and manage multiple bank accounts in a single app. Users can also transfer money by selecting receiver’s contact from their phone book or entering the receiver’s contact number.

IT 98
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Leaders in Trading 2023: Meet the nominees for…. Best Broker Electronic Trading Initiative

The TRADE

In light of the evolving demands of its client base, the Goldman Sachs team has been expanding the remit of its low touch capabilities including the building out of its suite of algorithms on its new proprietary equity trading platform, Atlas. The bank launched its existing TWAP rates and adaptive algos last year.

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In-house algorithmic execution platforms are the way forward

The TRADE

Storing order book updates received at millisecond intervals in a well-designed database enables high-level back testing. Adding new trading venues or banks is quicker and more efficient compared to traditional methods. This doesn’t mean that everyone in the sector is building their own applications and tools for all FX instruments.

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The TRADE predictions series 2025: Foreign exchange

The TRADE

Amid these changes, banks need to adapt so they can meet their clients wherever they are and deliver on best execution requirements. To get ahead of the competition, banks need to upgrade their technology to enable faster price discovery, bespoke price creation and improved risk management.

Trading 85