Category Archives: General blog

Is it time to upgrade your core banking system?

Is your traditional core banking system delivering what you really need? A core banking system can be defined as a back-end system that processes daily banking transactions and posts updates to accounts and other financial records. A typical core banking system would include deposit, loan and credit processing capabilities, which interface with general ledger systems […]

Are Digital Wallets all about payments?

Banks and Payment Service Providers (PSP) need to be thinking about their digital wallet strategy. Don’t be fooled, there is more than meets the eye with the Digital Wallet. There is a misconception that digital wallets are all about payments. We can all be complacent and think that our customers are happy because they have […]

Jakarta Post: Youtap Indonesia users increase 5x

Youtap Indonesia reported that it had seen a five-times increase in users and a 4.5-times increase in transactions from June to September. “The rise in users and transactions is due to the change in the behaviour of consumers, who prefer deliveries and cashless payment during the pandemic,” Herman Suharto, CEO – Youtap Indonesia The company’s […]

Replacing your Traditional Banking Core with a Digital Wallet

October 2020 According to Forrester’s Global Financial Services Architecture Survey Q3 2019, nearly 80% of banks say they don’t have the technology required to provide a great customer experience.  Forrester suggested looking to digital banking platform architecture providers to provide support for rapid change and continuous transformation. Traditional core banking switches have provided a secure […]

What lessons have challenger banks learnt?

They have a business model that is digital to the core.  Put simply you cannot plaster a digital core over an incumbent bank.  A full digital core:  Enables them to innovate quickly  Offer a wide range of downloadable Apps  Onboard customers in a matter of minutes  Provide a wide range of tools that enable the […]

COVID-19 is driving e-wallet adoption

Merchant acquisition across our customer base is accelerating with merchants moving away from cash acceptance to cashless. South-East Asia is in the midst of a financial revolution, with more than 50% of the population already using e-Money Wallets, with the expectation that this number will grow to 85% within five years. COVID-19 is driving a […]

Digital wallets are the rocket ships of 2020

This means that issuers and merchants should be adapting their business practices to prioritise these payment methods and capture embrace this change. According to a recent report by Worldpay, digital wallets made up 36% of global e-commerce spend in 2018 and increased to 42% in 2019, with a further increase to 52% forecasted by 2023. […]