RBI issues M D on Minimum Capital Requirements for Operational Risk
The Reserve Bank of India has today (June 26, 2023) issued the Master Direction on Minimum Capital Requirements for Operational Risk. The Central Bank said that the circular is issued after appropriately considering the feedback received from stakeholders. According to the Directions require all specified Commercial Banks (excluding Local Area Banks, Payments Banks, Regional Rural…
Read article
Do you know these 24 types of risks faced by banks?
The business of banking is confronted with multiple numbers of risks viz. credit risk, liquidity risk, operational risk, reputation risk, legal risk, market risk, strategic risk, country risk, counter-party risk, contractual risk, Access risk, systemic risk, and so on. Nevertheless, like in any other business risk-taking in banking is also inevitable as it also presents…
Read article
Challenges in Implementing FinTech Solutions in Retail banking and Trade Finance
The implementation of financial technology (FinTech) solutions offers transformative potential for the global financial services sector, particularly in the domain of retail banking and trade finance. However, despite rapid adoption and innovation, several economic, regulatory, technical, and security-related challenges continue to impede the effective integration and scaling of FinTech across industries and jurisdictions. 1. Economic…
Read article A Sample Process of International Trade Using Blockchain Technology
Introduction: What Is Blockchain? Blockchain is a decentralized, distributed ledger system that records transactions in a secure, transparent, and immutable manner. Imagine it as a digital ledger, where each “page” represents a block of verified transactions, and every page is sequentially linked—forming a chain. Any attempt to alter a block would disrupt the entire chain,…
Read article Digital Delivery Channels in FinTech for International Banking
In the era of digital transformation, delivery channels play a crucial role in the dissemination of financial services through technology-driven platforms. In the FinTech domain, digital delivery refers to the mechanisms through which financial institutions and FinTech companies offer their products and services to customers via digital mediums. These include mobile applications, web-based platforms, payment…
The Evolution of FinTech in International Banking: Innovation, Inclusion, and Disruption
FinTech—a blend of financial and technology—refers to the application of innovative technologies to enhance, streamline, or redefine financial services. In the context of international banking, FinTech has not only transformed how financial institutions operate but also revolutionized the way consumers manage and interact with their finances. This evolution has been shaped by rapid technological advancements,…
Read article