Techno FAQ

Business

KYC Compliance in Banking: Challenges and Innovative Solutions

There is nothing quite as important as Know Your Customer (KYC) if you’re seeking to develop a banking app. As a crucial part of the fintech software development process, it mandates banks to verify the identities of their customers and assess potential money laundering risks. However, KYC compliance can be as challenging as it can […]

Finance Money

Why Your Business Definitely Needs a Business Bank Account

Business banking is important for anyone who wants to run a legit enterprise and appear professional. Opening a separate corporate account is not always compulsory, but it offers many advantages over not doing so. This article will list and explain the reasons to have a dedicated business bank account. They include: It Is Required by […]

Finance Money

Is ONE The Secret To Financial Wellness For Banking Customers?

Financial wellness is something everyone wants to achieve. While financial wellness means something different to each person, acquiring and sustaining wealth isn’t easy. If your annual income covers essentials but is handcuffed by outstanding debts and desires, it can limit your ability to implement healthy money management practices like budgeting, saving, and investing. If you […]

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Finance Money

Is Chime Changing Online Banking for Good?

Are neobanks like Chime the next big wave in banking? Traditional banks have shifted many of their services online, lessening the burden of service from tellers. Since there is less need to visit a brick-and-mortar bank for most of our financial needs, the idea of an online-only bank is quite intriguing. Chime is one of […]

Apps Business Coding Services

How have banking apps made our lives easier?

Banking applications not only just give you more control over your money but also make your work more accessible and convenient. No matter your location with the availability of banking apps, you can never worry about your financial needs. Gone are the days when visiting banks was mandatory to transfer, withdraw or deposit cash. All […]

Business Finance IT Money

How Does Synthetic Data Help in Banking?

Synthetic data is annotated information generated by computer simulations or algorithms as a substitute for real-world data. Synthetic data is generated in virtual environments rather than being gathered or measured in the actual world. The banking sector has become more digitalized, and the usage of synthetic data is increasing every day. To fulfill a range […]

  • sunit
  • 19 October, 2021
  • 0 Comments
  • 9 Views
Coding Finance

Types of financial applications software

Calculating expenses and income in a notebook, like in Excel, is no longer relevant. There are mobile applications for this. The application helps to form his own financial plan and tells the user how much money can be invested every month or saved for large purchases. To do this, you must indicate income, mandatory payments […]

Business IT

Financial technology trends and other modern monetary solutions

With the technological advancements of the digital era, various industries have been revolutionized, and impressive changes have occurred in our daily lives as well. The financial sector is one of the areas where the influence of tech innovations has been most noticeable, a wide variety of great trends emerging over the last few years. Financial […]

Business IT

The Future of Banking and Technology

As technology innovates onward, so too does the world of banking. Now, both sectors have begun to merge together in a perfect blend of ease and convenience. This has largely resulted in the portmanteau ‘Fintech’, a combination that helps those with banking enquiries like never before. Moreover, its popularity is growing too, alongside other developments […]

  • sunit
  • 14 March, 2019
  • 0 Comments
  • 25 Views
Miscellaneous

How Secured Credit Cards Work

One of the best things about a secured credit card is the fact you can get one regardless of your credit score. Further, the secured credit card’s limit is whatever you’ll decide it will be. You don’t have to put up with a bank or some other financial institution deciding for you in that regard. […]

  • sunit
  • 30 October, 2018
  • 0 Comments
  • 18 Views
Internet

Taking Banking To The Next Level: How SaaS Revolutionize The Financial Industry

SaaS (Software as a Service) concept is now embraced everywhere. Different companies have adopted this technology to manage their operations and move the firm to the next level. Many organizations, both big and small are finding it easier to subscribe to SaaS solutions rather than deploying in-house software solutions into their systems. The main reasons […]

  • guest
  • 4 August, 2017
  • 0 Comments
  • 20 Views
Miscellaneous

Omni Channel Banking

According to ‘The Forrester research, Infosys Finacle was clearly termed as the leading company that came up with a proper banking solution since their Omni channel banking solution was acknowledged as the best banking solution.This was through assessment of strengths and weakness of top omnichannel vendors and using over 41 criteria of evaluation during the […]

  • guest
  • 19 March, 2017
  • 0 Comments
  • 5 Views