When it comes to interoperability, MFSs still have a long way to go. Currently, they cannot ‘talk’ to one another and customers on one network cannot pay people using another network. Being a relatively nascent market hasn’t prevented the mobile financial service (MFS) industry from making great advancements in recent years.
IT and business are becoming more closely integrated. IT should have effective value measurements with effective strategic, tactical and operational governance processes that clearly demonstrate its contribution to the business. Effective collaboration with business partners within the organization can make an impact on the predominant business. It is hard to see how an
FinTech in financial sector given rise to a range of new business models, applications, processes and products providing financial services by making use of software and modern technology. Therefore, RegTech (Regulatory Technology) is the term getting very popular in FinTech industry means to use technologies facilitate regulatory compliance. RegTech aims
Huawei launched HarmonyOS – a new microkernel-based, distributed operating system designed to deliver a cohesive user experience across all devices and scenarios. The launch event took place At the Huawei Developer Conference held last month, a press release said. Richard Yu, CEO of Huawei's Consumer Business Group, explained the company's thoughts
In the era of fourth industrial revolution, universities - across the globe - are becoming more concerned with employability and offering life skills/soft skills that employers value much. Accordingly, they are designing education systems around the norms of the industrial society. Today’s educators think that future needs to be more
As financial services become increasingly deliverable through digital means, the world seems to be moving toward a fintech singularity - at least in theory. But with rapid development of digital identification technology and security apparatus, a complete digital ecosystem for financial services has ceased to be simply theoretical for a while
With a ‘$1.2 trillion’ business opportunities in South Asia alone and a complete transformation of how a cellular network distributes data, the upcoming 5G network promises nothing short of a paradigm shift. The speed that 5G will enable initially will be at least 20 times faster (1.4 gigabits per second) than
The European Commission has fined Mastercard 571 million euros, or around $650 million for anti-competitive behavior. Mastercard limited the possibility for merchants to benefit from better conditions offered by banks established elsewhere in the Single Market, in breach of EU antitrust rules. “European consumers use payment cards every day, when they buy food or