KYC (Know Your Customer) is a crucial process in the financial sector that involves verifying the identity of clients to ensure that they are not involved in any illegal activities, such as money laundering, terrorism financing, or fraud. The importance of KYC lies in the fact that it helps prevent these illegal activities and protects …
Finance and compliance are two critical areas of business that are intertwined and have a significant impact on the success of an organization. Financial management involves the process of managing an organization’s financial resources to achieve its goals and objectives. Compliance, on the other hand, involves ensuring that the organization follows laws, regulations, and industry …
Artificial Intelligence (AI) and Fintech (Financial Technology) have a close relationship that is transforming the financial services industry. Artificial Intelligence technologies like machine learning, natural language processing, and computer vision are widely used in Fintech to automate processes, provide personalized experiences, and analyze large amounts of data to identify trends and make predictions. One of …
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Blockchain is a shared distributed database between computer network nodes which roles as a digital database that electronically stores data. The most well-known use of blockchain technology is keeping a decentralized and secured record of transactions in cryptocurrency systems like Bitcoin. Blockchain innovation promotes confidence without the necessity for a reliable third party by ensuring …
A payment gateway acts as a channel to transfer money from your bank account to the platform you need to use. It is software that permits you to carry out an online transaction using various payment methods, including net banking, credit card, debit card, UPI, or one of the several online wallets readily available today. …
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For making a WordPress website we require various plugins and tools for making it more creative and functional. Some of the major plugins that we can use are listed below: 1: Elementor Elementor is a page builder plugin for WordPress in which we can drag-and-drop different elements for building sections on the pages. Elementor helps …
Cashless India is coming sooner than everyone thinks. This time its going to be leapfrogging conventional wisdom. With this broad policy move for taking away Rs. 500 and Rs. 1000 bill, Modi government is trying to accomplish three major things: 1) Black Money: Most people who avoid the taxes and keep bills that are of …
This answer maybe too simplistic but it is somewhat similar to gold. Although comparisons to gold maybe not be perfect, Bitcoin is valuable because of similar reasons. It is fungible, has utility, is verifiable, can be broken into smaller denominations and is scarce. It is the ongoing interaction between buyers and sellers trading with each …
What determines Bitcoin price & why it’s price is so volatile? Read More »
It’s a technology used by the merchants for receiving all digital payments from the customers. It collects customer card information and encrypts it for the processing of payments. Payment gateway includes physical card payments in retail stores, online store payment portals, also from last few years started accepting payments using OR codes or NFC(Near Field …