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What is a Neobank? Everything you should know

Razorpay

When people are used to ultra-fast 5G internet speeds and 15-minute food delivery, waiting an entire day for a transaction to go through gets frustrating. Long waiting times, security issues, and fixed working hours are a few of the problems plaguing legacy financial institutions today. How does a neobank work?

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Checking Account – Meaning & How Does it Work?

Razorpay

Generally, account holders use these accounts on a short-term basis for paying daily expenses like food bills. Due to the highly liquid nature of checking accounts, banks and financial institutions typically do not offer interest on them. How Does Checking Account Work? A founder can open a checking account offline and online.

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SWOT Analysis: A Framework to Analyze Strengths, Weaknesses, Opportunities and Threats

Peak Frameworks

The 2008 financial crisis was a significant threat to many financial institutions in the U.S. Practical Application of SWOT Analysis in Finance SWOT Analysis is a versatile tool, equally applicable in Investment Banking, Private Equity, and Corporate Finance. Consider the acquisition of LinkedIn by Microsoft in 2016.

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US same day settlement ‘not a good idea’ despite technological advancement

The TRADE

Traditional financial institutions, often perceived as slow to adopt innovations, are now making decisive moves into production beyond proofs of concept (POCs), pilots and sandboxes.”

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Tech unicorns UK – complete guide to the billion-dollar club

Growth Business

Transport Bio: With over 2,000 partner fleets, Gett provides different transportation options in one place allowing you to book a taxi for corporate teams. Corporate vehicle insurance Bio: London-based Zego offers cheap vehicle insurance for businesses, whether they are sole traders or global corporates.

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What are Merchant Category Codes (MCC)? – Importance and Examples

Razorpay

They help financial institutions, payment processors , and card issuers understand the nature of a merchant’s business activities. Risk Management: Financial institutions use MCCs to assess the potential risk associated with a merchant or transaction.