The world could be about to wake up to the next big thing in banking
With Nexus, it’ll be possible before hitting “Send” to establish if the payment will succeed. For instance, by validating that the recipient’s bank account is operational and checking for compliance with anti-money-laundering rules. The uncertainty associated with traditional one-way communication will become history.
Home loan portfolios of many banks begin showing signs of stress“In June, the number of claims we are paying is nearly three times what we were paying in March 2020. So, in a 15-month period, the number of claims that we are paying has gone up by three times,” said Mahesh Misra, chief executive of IMGC.
https://ift.tt/2WJVP2i
Post a Comment