BLUEPRINT OF BLOCKCHAIN PLATFORM FOR BANKING SECTOR AND BEYOND

whitePaper | August 31, 2022

Digital evolution in the banking sector has seen significant positive movement over the last decade and continues to evolve at a rapid pace. As per reports, more than half of all banking transactions were within the bank’s network about 15 years ago. The number has fallen to less than 10% in 2020.

whitePaper | January 8, 2023

Effective risk management has always been a pillar of good governance. Yet myriad disruptions over the past several years and their ensuing economic knock-on effects have heightened its importance. Leaders are now being forced to evaluate, monitor and offset a wide range of risks while still capitalizing on opportunities.

whitePaper | June 14, 2023

Manual accounts payable (AP) processes are costly, inefficient, and expose companies to unnecessary risk. With the rising call to reduce paper usage and lower costs, it’s time to explore alternatives that can help controllers and AP managers do more with less.

whitePaper | March 15, 2022

The speeds at which today’s AI technology is advancing is far beyond what many have expected. The role of human decision-making is being eclipsed by computer and machine learning in almost every industry. We see it in autonomous cars and trucks as well as in actual robots pre-programmed to take on tasks once thought to be reserved for humans alone. Ralph Haupter, President of Microsoft Asia and Corporate Vice President, Microsoft stated the following: “I believe 2018 is the year that this will start to become mainstream, to begin to impact many aspects of our lives in a truly ubiquitous and meaningful way” There is no uncertainty in the fact that AI is progressing at the speed of light. It is yet to be seen how this will impact industry on a global industrial level but the applications to payments have not been insignificant in the past several years. This paper seeks to explore the intricacies of this technology, its evolution, and the potential impact of AI in payments in 2018 and beyond.

whitePaper | October 26, 2022

BaaS is reshaping how banks are looking at distributing their products and services. In the simplest fashion, it can be understood as the partnership model between banks and non-bank businesses and/or fintechs where the latter embeds the financial service into its core offering.

whitePaper | August 25, 2022

This paper studies the economics behind the investment in information technologies (IT) by U.S. commercial banks in the past decade. By linking banks’, IT spending to their lending technologies, we analyze the distinctive natures of banks’ dealings with information across various lending activities. Investment in communication IT is shown to be associated more with improving banks’ ability of soft information production and transmission, while investment in software IT helps enhance banks’ hard information processing capacity. We exploit polices that affect geographic regions differentially to show causally that banks respond to an increased demand for small business credit (mortgage refinance) by increasing their spending on communication (software) IT spending. We also find that the entry of fintech induces commercial banks to increase their investment in IT—more so in the software IT category.