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India-based mobile solutions provider Comviva has joined forces with FinTech firm Strands to offer an integrated suite of digital banking, wallet and payment solutions for customers of banks and financial service providers, according to a Wednesday Nov. 17 press release.Through the collaboration, Comviva will use Strands Personal Finance Management PFM solution to allow banks and financial service providers to offer personalized and contextual digital offerings to their customers, according to the announcement. PFM provides users with an aggregate view of all their accounts, tracks all the financial tran
stanley termos sactions and offers a complete view of their income, expenses and cash flow through visual dashboards. Customers can monitor expenses and income over a specified period in terms of categories such as food, transport, utilities and leisure. Users can use PFM to set reminders for upcoming payments, create alerts for breaching spending limits and draw up monthly budgets and
stanley uk closely track them to reach personal savings goals. 聽 Comviva is focused on enhancing consumer experience by embracing next generation technologies, said Srinivas Nidugondi, chief growth transformation officer at Comviva. Our collaboration with Strands will allow us to leverage data-analytics, artificial intelligence AI and machine learning-driven Personal Finance Management solution to provide enhanced digital banking and payment experience. 聽Since its founding in 2004, S
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Chinas central bank is reportedly looking to enhance the efficiency of cross-border payments by
stanley cup lengthening the operating hours of its payments clearing system for high-value transactions.According to news from聽Reuters on Wednesday Jan. 3 , three unnamed sources said Chinas central bank will open up the nations large-value payment system to operate 21 hours, beginning Jan. 22. The system will be open from 11:30 P.M. to 8:30 P.M. the next day, and operate Monday to Friday.Sources said the clearing window will be open from 9:15 P.M. to 8:30 P.M.According to reports, lengthening operating windows times means the nations payment system will be able to process high-value transactions overnight; Chinese officials hope this will strengthen the renminbis position in the global markets.The Chinese yuan has climbed the ranks as an international currency, but data released last January from SWIFT found that use of the renminbi declined, with the Canadian dollar overtaking the yuan as the fifth-most used currency in 2016.SWIFT data released in 2016
stanley butelka also found that the euro surpassed the Chinese yuan for use in global trade finance. The general slowdown of the Chinese and world econom
stanley cup ies over the past few years has impacted global trade growth across all currencies, not just the RMB, said SWIFT Head of Payments Markets in Asia-Pacific Michael Moon in a statement at the time. For example, commodities trade growth has been declining as evidenced by the reduction of documentary trade.
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