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Traditional banks that don’t prioritise digital inclusion face being left behind

Global Banking & Finance

Traditional banks that don’t prioritise digital inclusion face being left behind By Laura Rae co-founder of Openbox, a premium digital experience partner to the financial services industry It’s not so long ago that every financial transaction we wanted to make involved leaving the house and physically handing over notes and coins.

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Retail Banking vs Corporate Banking

Razorpay

Regular retail banks provide financial services to individuals but are not equipped to service businesses. Corporate banking provides businesses financial services like account holding, loans, capital, vendor management, and more. Check out RazorpayX!

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Core Banking Solution (CBS)

Razorpay

What is Core Banking Solution? A core banking solution (CBS) is a software used by banks to manage primary operations. It is a centralized system that allows customers or businesses to carry out transactions from any branch rather than only from the branch where the account was opened.

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What is E-banking?

Razorpay

Do you remember the last time you visited a physical bank branch to change your registered mobile number or personal details? Do you remember the last time you visited a bank for any financial operation? If your answer to these questions is “no”, you have e-banking to thank! What is E-Banking?

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Unlocking 100% UPI Dominance: Rupeezy’s Journey with Razorpay UPI Stack

Razorpay

Offering a broad range of services, from mutual funds to intra-day trading and derivatives, Rupeezy needed a payment partner who could handle the complexities of financial transactions. SEBI requires every transaction initiated by a customer must be made from their registered bank account. The Hurdle?

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Current Accounts: Understanding and Maximising Business Banking

Razorpay

This includes services like online banking, wire transfers, and mobile banking apps. This accessibility allows for seamless and efficient management of day-to-day financial transactions, including purchases, bill payments, and withdrawals. What is RazorpayX?

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What are Payment Operations?: Importance, Challenges, and Best Practices

Razorpay

This includes initiating and processing payments, fraud detection, compliance, handling disputes, resolving issues, managing international transactions, reconciliation, and accounting. It involves integrating various elements to ensure efficient and secure financial transactions.

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