Fintech guide

Unify services under one umbrella from messaging to payments, shopping, and rides, first in China and Asia, using data to predict consumer behavior and raise concerns about monopoly and privacy.

Open banking standardizes sharing of banking data with trusted third parties via secure apis, enabling faster, cheaper access to financial products while preserving customer control and consent.

Explore how open banking in India uses account aggregators to enable secure, consent-based data sharing across banks, NBFCs, and third party service providers, enabling faster lending and wealth management.

Explore the no-cost EMI BNPL model using credit cards, funded by merchant subsidies and card issuer partnerships like American Express and Citi, with examples such as Citi Flexi Pay.

Explore central bank digital currency (CBDC) as a digital banknote backed by national banks, enabling retail and interbank payments while aiming for safe, fast, inclusive, and stable money.

Explain how cryptocurrencies function as digital money on a blockchain and their store of value. Learn how to trade via exchanges and wallets, with Bitcoin and Ethereum as examples.

Social trading lets beginners copy experts via an online community, offering a cost-effective path to learn, with a minimum investment threshold, while past performance is not a guarantee.

Challenger banks are mostly online with some physical branches and hold licenses, offering personal and business accounts; neo banks have no physical presence and usually no banking license.

Discover how neobanks deliver hassle-free, quick online banking with a fully digital model and no physical branches, offering lower costs and advanced online support.

Regtech-2 explores how fintech uses cloud computing, big data analytics, and automated risk and compliance monitoring to streamline regulatory reporting while safeguarding customer interests.

Proptech merges property and technology to optimize real estate research, buying, selling, and managing. It addresses pain points like affordability, manual leasing, and lack of flexibility, revitalizing the market.

3D secure adds a layer of strong customer authentication to online transactions, reducing fraud and chargebacks. However, 3DS 1.0 introduces friction, password management issues, abandonment risk, and browser compatibility challenges.

3D Secure 2.0 strengthens security with multi-factor and risk-based authentication for frictionless, device-agnostic purchases. It introduces 3-D Server for in-app authentication and richer data exchanges, reducing cart abandonment.

Explore strong customer authentication under the revised PSD2, requiring two factors from different categories (knowledge, possession, inherence) and dynamic linking with authorization codes, including 3-D Secure 2.0.

Explore exemptions to strong customer authentication, including low value transactions and subscriptions, and how real-time fraud risk analysis impacts authorization and user experience.

Finfluencers on TikTok, Snapchat, and Instagram Reels target Gen X and youth with quick money tips. But they risk misinformation, scams, and unregulated advice, raising questions about banks' partnerships.

Explore fast payments with real-time or near real-time transmission and final funds, and explain how financial service providers and mobile wallets enable open banking and tokenization with RTP.