Busting the Myths of Escrow Payments Digital escrow includes eKYC, eAgreement signing, digital account opening, and online escrow transactions, as well as real-time updates on the status of the transactions. Although this kind of arrangement is highly beneficial, it’s subject to many questions and misconceptions from people who’re yet to understand how it works. We
Global Revolution in B2B Payments Digital adoption is still in its early stages, B2B payments is a Fintech industry with a huge market opportunity, and given that just one-third of B2B worldwide expenditures are conducted electronically, digital disruptors potentially have enormous growth potential. The year 2021 may be summed up in a single word: digitization.
Escrow- A Security Check-Post in Lending It is important to explore and acknowledge what the lenders do, and how they can do it better. Recently, India was declared the 3rd largest economy in Asia and had the third-highest number of IPOs globally. As the country has been moving towards greater financial inclusion, improved technological prowess,
Escrow: A Powerful Way to Secure Your Money Imagine a payment scenario where the interests of all parties are served equally. While escrows have normally been a commercial bank service, the global digitization wave is steadily making escrows accessible to all. The utilization of escrow ensures that any given transaction is secure as escrows are
Digital-Only Banking is Looming Time is, inarguably, the most crucial resource in today’s dynamic world. In order to keep up with today’s fast-paced global economy, managing time effectively is a must. This is the very premise of the success of digital banks, and for good reason. The looming rise of digital-only banking is disrupting the
How To Tackle the Rise of COVID-19 Related PPE Frauds The COVID-19 pandemic has exposed the shortcomings of inventory-maintenance systems when organisations face extreme demand. As the demand-supply ratio experiences volatile changes, scammers attempt to capitalise onsupply-chain loopholes. This has led to a significant rise in PPE frauds. In the pre-COVID world, stockpiling was considered
Digital Banking: Big Tech Plans on an Overtake With constant evolution in technology, there are few aspects of human life that would go untouched. In tandem, established companies leading the tech revolution of today are entering the banking domain. One can, therefore, expect many changes in traditional banking approaches. Traditional banking methods are soon expected
Software Escrow – Everything You Need To Know Predictions assert that the software industry will grow at a phenomenal rate by 2025. With the IT industry on an exponential rise, the need for exchanges relating to codes, and software documentation is bound to multiply. On the flip-side, businesses have been facing constant shocks due to
Controlling The Unprecedented – Avoiding Monetary Frauds Monetary frauds are so rampant they’re almost normalised. Although everyone is in a bid to ensure that online transacting is a safe space for all, there is a rather simple and accessible solution that many stand unaware of. Escrow accounts are commonplace abroad for ensuring safer transactions, but