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Banks Hit With Service Glitches

The New York Times: Banking

Trading and some financial transactions were delayed around the world.

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The Open Banking Challenge: Ensuring Compliance with API Standards for the Financial Industry

Global Banking & Finance

By Jamie Beckland, Chief Product Officer at APIContext For banks, retailers and enterprise businesses, open banking and application programming interfaces (APIs) are a powerful combination that streamlines how financial data is exchanged.

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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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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.

Banking 45
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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. Businesses have other needs that a commercial bank simply cannot anticipate or provide for.

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What is Banking?

Razorpay

What is Banking? A bank is any financial institution that helps people and businesses store, invest and borrow money. Banks provide services like deposits, loans, and investment options. Banks in India are regulated by the Reserve Bank of India (RBI), which is the central banking authority of the country.

Banking 52
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What is Payment Processing? How It Works and Its Advantages

Razorpay

Payment processing is the backbone of financial transactions in today’s digital world. From credit card payments to digital wallets, comprehending the intricacies of payment processing is vital in safeguarding financial interests and facilitating the smooth flow of commerce. It then accepts or rejects the transaction.

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