Embracing Change: How Finance & Accounting Can Make Progress in Times of Uncertainty

whitePaper | January 15, 2023

A decade ago, not many of us would have envisaged how fintechs would change the credit landscape through digital innovations. Although the share of fintech in the overall lending pie is still small and concentrated towards bite sized unsecured lending, the promise it holds for the future is immense. Fintech-led digital lending is the fastest-growing segment today. The disruptions created by fintech by providing a superior customer experience with a reduced cost of acquisition, a frictionless customer journey, and instant decisioning have revolutionised digital lending in India. The larger impact is in terms of addressing the credit gap and making India more credit-inclusive.

whitePaper | March 22, 2023

It’s been said that “history doesn’t repeat itself, but it often rhymes.” The adage certainly applies to banking crises in the US: every crisis, however unique the cause, has typically been followed by a new wave of regulations. This trend is likely to continue in the wake of the current crisis. In fact, reporting from the Wall Street Journal and other sources indicates that the Federal Reserve and other banking regulators are already in discussions about changes to the US regulatory regime, especially for midsize banks.

whitePaper | August 19, 2022

Financial inclusion has, for far too long, remained confined to corporate social responsibility for Indian banks. This has led to a skewed perception, where financial inclusion is viewed as a social cause and not an economic driving force. India, aiming for a $5-trillion economy by 2025, treads on thin ice if over 190 million adults continue to remain unbanked. The picture grows grimmer as we compare metrics to China – whose bank credit to GDP is six times that of India.

whitePaper | April 30, 2022

As the demand for real-time payments grows, so does the need for financial institutions (FIs) to offer more robust access to faster and more efficient payments. The Clearing House’s (TCH’s) RTP network laid a solid foundation for use cases and connectivity protocols, but some FIs have been waiting for FedNow before deciding how to move forward. FedNow is finally about to launch.

whitePaper | October 11, 2022

Over the past 30 years, authentication for digital banking services has evolved, from basic user ID plus passwords to various multi-factor authentication methods using hardware tokens, SMS OTP, dedicated authenticator apps and embedding authenticators in mobile banking apps. The goal has always been to achieve the best balance between security and user experience. But despite all the progress, one thing remains unchanged: everyone continues to depend on passwords, no matter how much end users and financial institutions dislike them. Until now

whitePaper | July 4, 2022

The goal of the Globiance White-paper, is to offer the reader a comprehensive understanding of Globiance services and platforms, the problems it addresses and the technologies used to solve them. Anyone who regularly engages in trade and finance and is looking to integrate crypto currency usage with on-line banking facilities, will find reading this White-paper essential, while also discovering the specifics about Globiance.