Amey Prabhu

2 months ago | finextra.com | Amey Prabhu

New age core banking solutions like Thought Machine, Mambu and Pismo are on their way to transform banking as we know todaySimplistically put, these are a set of cloud native, even driven domain micro services that facilitate quick creation and launch of new products, configuration of workflows, accounting entries and interface with other internal applications as well as external world.

2 months ago | finextra.com | Amey Prabhu

The transformative power of digital technologies is reshaping industries, driving growth, and improving operational efficiencies. In banking, APIs (Application Programming Interfaces) have emerged as a key enabler of this digital revolution. They are no longer just integration tools but powerful products that allow banks to deliver innovative, customer-centric services efficiently.

2 months ago | finextra.com | Amey Prabhu

Corporate treasury has evolved significantly, shifting from a mere cost center to a pivotal player in shaping business strategy and driving growth initiatives. This transformation requires treasurers to focus less on routine activities and more on leveraging data for timely, informed decisions that optimize working capital. With 70% of corporate treasurers showing interest in Treasury Management as a Service (TMaaS), the demand for seamless, technology-driven solutions is undeniable.

2 months ago | finextra.com | Amey Prabhu

In the fast-evolving world of trade finance, digital transformation is no longer optional. It is driven by changing customer expectations, a relentless quest for efficiency, and a growing need for scalability. Industry and regulatory support further reinforce this trend, making digitalization a priority for banks and financial institutions. While much of the focus has been on modernizing transaction processing systems, one area that remains ripe for transformation is trade pre-processing.

2 months ago | finextra.com | Amey Prabhu

As the "Everything Real-Time" era emerges, transaction banking is adapting to align with customers' expectations of seamless, real-time, and personalized services. Corporate Treasury, in particular, is shifting towards a strategic role, demanding decision-making insights and advanced capabilities from their banking partners. This shift underscores several priorities for banks: Real-Time Payments and Liquidity Management: A necessity for Direct-to-Consumer (D2C) business models.