DIGITAL ECOSYSTEM AND BANKING SECTOR
BANKING FINANCE|May 2024
India's presidency of the G20 in 2023 placed digital public infrastructure (DPI) on the global map. Until November 2022, DPI as a term did not exist for most people around the world.
Dhaval Kansara
DIGITAL ECOSYSTEM AND BANKING SECTOR

In a period of nine months, between December 2022 and August 2023, not only was the grammar and syntax of DPI created, but a suggested framework for DPI was also accepted by the G20 member states.

The use of technology for inclusion is a concept that has existed for a long time. What is new is that, for the first time, a framework technology, governance, and the role of communities has been agreed upon multilaterally.

The year 2024 promises to be a pivotal moment in the ongoing evolution of the digital landscape. The developments of 2023, marked by technological advancements, changing customer behaviours due to economic uncertainty, tweaks to regulatory requirements, and competitive pressures, have served as a stepping stone for organizations in crafting their digital transformation strategies for 2024.

To secure a competitive edge, organizations must prioritize agility and innovation. Furthermore, data-driven decision-making, AI integration, cybersecurity enhancements, and sustainable practices will be pivotal in shaping successful digital transformation strategies for the year ahead and beyond.

A digital ecosystem is a network of interconnected companies or products. Today businesses are recognizing the benefits of partnerships and connectivity. All top companies in the world have a digital ecosystem in place. They build networks of connected products and partner with other companies, sharing resources and expertise throughout their ecosystem. Even partnering with one other company will help increase your customer base, brand reach, access to resources, like software infrastructure, and more.

هذه القصة مأخوذة من طبعة May 2024 من BANKING FINANCE.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 2024 من BANKING FINANCE.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

المزيد من القصص من BANKING FINANCE مشاهدة الكل
The Future Of Banking: Voice Banking
BANKING FINANCE

The Future Of Banking: Voice Banking

The Banking industry has undergone a series of transformative changes over the years, driven by technological advancements. One of the most exciting and disruptive innovations in the financial sector is voice Banking.

time-read
10+ mins  |
May 2024
RBI CIRCULAR
BANKING FINANCE

RBI CIRCULAR

1. Please refer to paragraph 4 of Statement on Developmental and Regulatory Policies issued as a part of the Bi-monthly Monetary Policy Statement for 2024-25 dated April 05, 2024 read with Paragraph 1.10 of the 'Operating Guidelines for Small Finance Banks' dated October 6, 2016.

time-read
4 mins  |
May 2024
UNLOCKING SOCIAL IMPACT: THE RISE OF SOCIAL BONDS IN SUSTAINABLE INVESTING
BANKING FINANCE

UNLOCKING SOCIAL IMPACT: THE RISE OF SOCIAL BONDS IN SUSTAINABLE INVESTING

In the context of financial markets, social bonds refer to a specific type of bond issued by governments, municipalities, or organizations to raise capital for projects with social or environmental benefits.

time-read
6 mins  |
May 2024
MODERN AND CREATIVE WAYS OF MONEY LAUNDERING: A SNEAK PEEK IN MODUS OPERANDI
BANKING FINANCE

MODERN AND CREATIVE WAYS OF MONEY LAUNDERING: A SNEAK PEEK IN MODUS OPERANDI

Every year, an astonishing $800 billion to $2 trillion circulates through the global economy as laundered money, making up 2-5% of global GDP.

time-read
8 mins  |
May 2024
TRANSFORMING FINANCE: UNDERSTANDING THE EVOLUTION OF FINTECH INNOVATION AND REGULATORY FRAMEWORKS
BANKING FINANCE

TRANSFORMING FINANCE: UNDERSTANDING THE EVOLUTION OF FINTECH INNOVATION AND REGULATORY FRAMEWORKS

The constantly evolving field of financial technology, or FinTech, has brought about a significant transformation of the world's financial scene.

time-read
5 mins  |
May 2024
FINTECHS: ISSUES AND CHALLENGES
BANKING FINANCE

FINTECHS: ISSUES AND CHALLENGES

Fintech is a combination of two words \"financial\" and \"technology\".

time-read
8 mins  |
May 2024
WHY CBDC WHEN WE HAVE UPL..??
BANKING FINANCE

WHY CBDC WHEN WE HAVE UPL..??

The world is rushing to develop Cash 2.0. Globally, central banks are in pursuit of Central Bank Digital Currency (CBDC) projects.

time-read
5 mins  |
May 2024
Insolvency's Group Tangle
BANKING FINANCE

Insolvency's Group Tangle

The Insolvency and Bankruptcy Code (IBC) has been around for nearly seven years, and in these seven years, it has been amended six times. However, it is yet to address a significant concern: group insolvencies.

time-read
4 mins  |
February 2024
Why mot retirees don't find refuge in reverse mortgage
BANKING FINANCE

Why mot retirees don't find refuge in reverse mortgage

It would be the deal of the century, or so Andre-Francois Raffray could have thought. The Frenchman had in December 1965 stuck a deal with 90-year-old Jeanne Calment to pay her 2,500 francs every month until she died.

time-read
5 mins  |
February 2024
The rise and rise of mutual funds
BANKING FINANCE

The rise and rise of mutual funds

It is curious that the cake cutting and champagne popping that accompanied the Nifty's new lifetime high in recent weeks, was not in evidence when the mutual fund industry topped Rs. 50 lakh crore in assets.

time-read
4 mins  |
February 2024