Banking

To access the financial services they offer, compliance with the KYC mandate applicable to the service and the player or the underlying player is an essential first step.

Neobanks are working to transform the banking landscape as we know it.

The Middle Eastern banking landscape is witnessing an influx of this transformative entity.

With so many different KYC products in the marketplace, it can be overwhelming and confusing to determine which KYC product will help your business do its due diligence without breaking the bank or slowing onboarding times to a crawl.

Some examples of banking software providers that are powering online banking solutions:

By the looks of it, 2022 is, unfortunately, going to be another banner year for fraudsters

With all the fascination around artificial intelligence (AI) as an immense part of the future, there is an underestimation of how firmly AI is rooted in the present already.

Read about how financial institutions can embrace a secure and frictionless future while enabling consumers to choose how they are authenticated.

Neobanks offer services such as creating and operating a savings account, paying bills or money transfers, loans to individuals and businesses, and other such services directly on their mobile phone or any other digital platform.

Open Banking initiatives bring technology to the forefront of finance by encouraging (sometimes even mandating) secure underlying account data sharing by banks.

In a recent article on Forbes, Rodger Desai, Prove Co-Founder & CEO, wrote about the challenges facing Open Banking implementation globally.

Underbanked consumers rely heavily on fringe financial service providers to conduct routine financial transactions and pay high fees in the process.