Dear Subscribers & Fintech Enthusiasts, It’s been two years since we met on Medium. Thanks to your unrelenting support, we had a fantastic experience sharing our fintech knowledge and insights with you. Now, it’s time for the next big step in our blog journey. We’ve moved all articles to our…

Over 85% of bank accounts in India are inactive. Research shows that the inactive accounts can be attributed to the issues faced by the underserved populace across remote corners of the country. Bringing the underbanked and unbanked population into mainstream financial services is crucial for financial inclusion, the foundation of…

Enhancing customer experience is imperative for any business. Even if the products and services are feature-rich, they can still be undervalued if the interface is boring and navigation inefficient. Poorly designed interfaces can lead to poor customer experiences that result in increased overhead costs and customer attrition. …

Debit cards are a very critical part of the payment ecosystem. As of January 2022, there were over 940 million active debit cards in India. Averaging a transaction value of 3.5 trillion Indian Rupees per month, the volume is much higher than that of credit cards. Highly secure, debit cards…

With 97% smartphone penetration, the UAE is one of the avid adopters of BNPL and contactless payments in the Middle East. And Tabby Pay is a leading BNPL platform in the UAE, that caters to over two million buyers and 4000 top brands and small businesses. Tabby issues virtual cards…

The $158.9 billion fintech industry thrives on mobile apps. Android dominates the mobile app market with a whopping 71.65% market share. Though in demand globally, its open-source nature makes data security a vulnerability in Android apps. Even super apps are no exception. Developing and releasing a fully functional and secure…

Identity fraud costs businesses billions of dollars in losses. Businesses are upgrading their onboarding toolkits to include Video KYC (VKYC) strategies as a weapon to stop identity theft, money laundering, terrorist financing, and other financial crimes. Video KYC is becoming more and more popular today because of its ability to prevent fraud, reduce onboarding costs, and speed up the authentication process. The market for VKYC is being driven by the escalating demand from businesses and their customers to simplify and secure the KYC process.

Video KYC is a game changer in digital onboarding. Since 2020, video-based identity verification has been effective in preventing fraud, reducing onboarding costs, and speeding up the authentication process. A robust face liveness detection is a key part of the VKYC process. It is basically a selfie-based check that scans…

Over 9,103 bank fraud cases worth 604 billion rupees were reported across India in 2022. Now, this is not a good sign for the banking industry. Let alone the digital banking sector. With digital transformation on the rise, the cyber threat landscape has evolved too. Fraudsters are adapting sophisticated tactics…