Blockchain: The Disruptive Technology and its Challenges!!! • June 14, 2021 - posted by Ajay Wadbudhe
Introduction Blockchain is a buzzword which is creating a hype now a day. This technology was first introduced by Satoshi Nakamoto in a paper published in 2008. It’s like the internet in the early 90s but can be as big as same. Blockchain is not a use case of internet like retail or ecommerce, in […]
Digital Wallet – The Road Ahead • June 14, 2021 - posted by Debasis Mohanty
Digital Wallet as a concept has evolved over time since its introduction from 2007. It started getting more traction with big players like Google, Apple and Samsung etc. joining the band wagon. If we go by the predictions of domain experts and industry leaders, it is one of the top trends to reshape the payment […]
What Made You Happy in 2018 ! • June 14, 2021 - posted by Shruti Warke
The last year has been full of surprises. While contemplating about what made me happy last year, I was curious to know how the year was for my colleagues. I found some inspiring stories in the discussion with them. Journey of a thousand miles begins with a single step. Last year there were a lot […]
How Ajay Leads from the Top? • June 14, 2021 - posted by Ajay Wadbudhe
Before Verinite I started my career with one of the Top 5 IT companies in India. Being good at studies, helped me to get one of the top engineering college of my city. The advantages of studying in top colleges are that they provide campus placements and you get the job even before you finish […]
MasterCard Dispute Resolution!! • June 14, 2021 - posted by Nitin Sharma
Introduction: MasterCard is enhancing the charge-back process by making it easier and faster to handle disputes. It’s called the MasterCard Dispute Resolution Initiative and it will be a rules-based charge-back decisioning process. The aim from MasterCard is to improve the dispute handling process by automatically detecting invalid disputes, shortening dispute resolution time-frames and updating some […]
Non-banking Financial Company : The Indispensable Facts!!! • June 14, 2021 - posted by Nitin Sharma
Introduction: A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of shares, stock, bonds, hire-purchase insurance business or chit-fund business but does not include any institution whose principal business includes agriculture, industrial activity or the sale, purchase or construction […]
National Common Mobility Card: One for All!!! • June 14, 2021 - posted by Abhishek Mhaske
Introduction: Todays generation is an evidence of revolution which’s taken place under the tag of Digital India. So far, face of the Payment industry is changed drastically and that too within last few years. And a good thing is, uprising phase is still in-process. One of the positive and important outcomes of this is, rise […]
The QR Code Evolution/Revolution!! • June 14, 2021 - posted by Nitin Sharma
QR Code: A QR code, also known as a Quick Response Code is a 2-D (two dimensional) barcode. A QR code usually contains information pre-programmed by the originator. It could be a URL, text, image or general information. To reveal the information, the user will require a mobile phone software with the ability to scan and […]
Digital Lending – A Growing Technology!! • June 14, 2021 - posted by Sneha Pimple
Lending is simply the act of giving money on credit to another person called the borrower. The borrower repays the money to the lender with interest over a defined time-period. Lending is a widely understood concept. However, the traditional approach to avail loans is fairly long and complex. Therefore, Banks and financial institutes as part […]
Reconciliation is the biggest challenge for Migration Projects!! • June 14, 2021 - posted by Sankhadeep Chakraborty
Evolving technology and a highly competitive market are pushing organizations to embrace advanced software systems to run their business and stay relevant against their competitors. Banks and financial institutes are no different to this phenomenon. The existing software & systems used for processing various business functions poses certain limitations as the business requirements evolve over […]