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Open Banking API's: Changing the Landscape of Banking
APIs (Application Programming Interface) are a set of protocols for computer programs to communicate and exchange information. They were introduced to connect software’s or applications within an organisation, but with the evolution of the internet, use of public APIs or Open APIs are on the rise. Open APIs allows third parties to access an organisation’s data and services in a controlled environment. An open API can be used both by developers within the organisat...
GDPR: How it will impact businesses and how they can be ready
With less than a week to go for Europe to enforce GDPR policies, many businesses are still not ready to comply with all the policies and are in a state of flux. As per the survey by EY’s Forensic data Analytics 2018, 60% of the Indian respondents are unaware of GDPR and only 13% have a plan and are working towards GDPR compliance. It is also known that some Indian companies are implementing GDPR framework after constant insistence by the European clients...
AI, AUTOMATION AND KYC: ENABLING IMPROVED COMPLIANCE AND CUSTOMER EXPERIENCE
The demand of AI in KYC has increased in recent years to avoid non-compliance. It obliterates human efforts which in turn, reduces costs, errors and failures associated with Know Your Customer. According to the industry insiders, more than 12% of businesses are turning to automation and robotics to increase productivity, transactional efficiency and reduce non-compliance costs. ...