Indian banks can do more to make open banking obvious path to prosperity, says GlobalData

Indian banking system is among the most convenient and trusted in the world, but Indian banks can do more to put consumer centricity to the core of their strategy and make open banking the apparent path to prosperity, says leading data and analytics company GlobalData. According to GlobalData’s Retail Banking, Customer Insight Survey, 2017, India has taken several measures including granting new banking licenses to stir up competition, introducing the unified payment interface (UPI) to…

What is a Bitcoin & How do Cryptocurrencies Work

Say there’s a coin that’s currently worth numerous U.S. dollars, but it’s not made of gold, or platinum, or any rare-earth element. In reality, it’s not the sort of coin you can hold in your hand or stick in a piggy bank. It’s a digital currency, which suggests it just exists electronically. I’m discussing bitcoin. Bitcoin doesn’t work like most cash. It isn’t connected to a state or government, so it does not have a…