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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

Businesses have financial needs, too. They need to store money, avail loans and manage finances just like individuals. Regular retail banks provide financial services to individuals but are not equipped to service businesses. Working capital loans provide financing for the daily operations of a business.

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Transaction Motive

Wall Street Mojo

What Is A Transaction Motive? Transaction motive refers to the desire to hold cash to facilitate everyday cash-based financial transactions such as business and personal needs, covering payroll, purchases, and bill payments. Two major factors drive its functioning: the level and frequency of transactions.

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What is E-banking?

Razorpay

E-banking/Electronic banking allows us to perform financial transactions and other operations online seamlessly. What are the services provided by E-banking? E-banking allows lesser manual/desk work and even reduces the risk of human error since all financial operations are digital. Let’s discuss how.

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Current Accounts: Understanding and Maximising Business Banking

Razorpay

Current accounts are just as liquid as regular savings deposit accounts but do not earn as much interest, since the main purpose of a current account is to facilitate convenient transactions, and not earn interest income. Business Banking Services: For businesses, current accounts often come with additional features tailored to their needs.

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Unpacking the 20 most impact financial regulations from the last 20 years

The TRADE

A key aspect of Mifid II, is the expansion of transparency requirements, namely in the trading of financial instruments. It mandates increased pre- and post-trade transparency for a wide range of asset classes, including equities, fixed income, derivatives, and structured finance products.