
M2P Fintech Blog
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M2P endeavor to embed fintech in customer journeys of every business. On this journey, they have faced struggles, triumphs, breakthroughs and everything in between. Check out their blog to know more about their resources, services, products, events, news, etc.
M2P Fintech Blog
5M ago
Unified Payments Interface (UPI) has transformed India’s payment landscape, propelling the nation into a cashless era. With over 40% of all payments now happening via UPI, it is evident that this innovative platform has captured the wallets of millions. India’s digital payments surged to over 131 billion UPI transactions in 2024, up from 83 billion ..read more
M2P Fintech Blog
11M ago
The Fintech industry is constantly evolving with innovations and technologies coming up often. Though many concepts are built on fundamental fintech ideas, the terms and jargon related to fintech are rapidly diversifying.
Whether you are new to fintech or someone who wants to be updated on the latest buzzwords, we have got you covered.
1. Aadhaar-enabled Payment Service (AePS)
AePS, in India, enables individuals to conduct basic banking transactions like deposits, withdrawals, balance inquiries, bill payments, etc., without requiring a traditional bank account or debit card ..read more
M2P Fintech Blog
11M ago
Welcome to our latest blog, where we dive into the critical security technique known as SSL Pinning. This method plays a pivotal role in thwarting eavesdropping attacks on the communication between an app and its server.
SSL Pinning involves a process where, after the initial exchange of encryption keys, the app verifies the validity of the server’s certificate. It achieves this by maintaining a list of trusted certificates on the device itself, which are then compared to the server’s certificate in real time as the app operates.
If there is a discrepancy, indicating that th ..read more
M2P Fintech Blog
1y ago
The significance of modern Core Banking Systems (CBS) cannot be overstated. Financial Institutions (FI) are substantially investing in upgrading their historical CBS in order to make banking services more accessible, flexible, customizable, and scalable.
Nevertheless, how can FIs ensure that the modern Core Banking System is utilized to its full potential?
The FIs should assure that their teams who use core systems, viz., customer interaction and support, finance, and product development, comprehend the key concepts of CBS and its modules.
Modules in Core Banking Syste ..read more
M2P Fintech Blog
1y ago
Cybersecurity threats are on the rise. More than 6 million data records were exposed worldwide through data breaches and the average cost of a breach reached $ 6.41 million during last year.
Among all the compromised data types, Personally Identifiable Information (PII) is considered the costliest and most vulnerable.
Data Masking via Vision Framework
To protect sensitive data on identity documents such as PAN and Aadhaar, businesses are resorting to Data Masking. It acts like an invisibility cloak, concealing sensitive information from cybercriminals/hackers while allowing ..read more
M2P Fintech Blog
1y ago
The co-branded credit card market is witnessing a meteoric rise. Valued at $12.34 billion last year, the market is projected to skyrocket at 9.61% to reach $25.72 billion by 2030. The surge is driven by the potential of co-branded credit cards to deliver innovative solutions, unlock new markets, and strengthen customer relationships.
Banks and fintechs collaborate strategically with distribution partners/brands to roll out co-branded credit cards. These partnerships give banks the leeway to focus on customer acquisition, retention, and experience while fintechs take care of the credit card is ..read more
M2P Fintech Blog
1y ago
Core Banking Solution (CBS) promises a transformative leap for banks. It ensures banking functions are fully digital and compliant with modern banking standards.
Challenges in CBS Implementation
While modern core banking marked the dawn of a new era in banking excellence, the implementation and integration processes come with their own set of challenges (discussed below).
Migrating from Legacy Systems
Transitioning from legacy to modern core banking platforms is a complex task. The process of transferring customer data, transaction history, and other data without disruption requires meticulou ..read more
M2P Fintech Blog
1y ago
Efficient communication between components is crucial for the overall performance and responsiveness of a system in a microservices architecture.
But how can you achieve optimal communication between the components?
Dive into this blog as Maathavan Vinayak, our Engineering Director, guides you through the ways to achieve faster communication between inter-components in a microservices architecture to improve overall agility and efficiency.
Communication becomes the linchpin for seamless operations in a microservices architecture. The figure below depicts the intricacy of communication within ..read more
M2P Fintech Blog
1y ago
Learning from mistakes is an essential part of engineering practice. Mistakes can lead to significant milestones that transform design, process, and overall outcome.
To know how, read this blog. Our Engineering Director, Maathavan Vinayak, takes you through proven strategies that normalize mistakes and transform them into catalysts for continuous learning and improvement.
Create a Culture of Openness
Encourage engineers to report and discuss mistakes without fear of judgment or blame. Foster an environment where team members feel comfortable admitting errors and sharing their learnings.
Esta ..read more
M2P Fintech Blog
1y ago
Modern core banking solutions are every banker’s secret sauce. Irrespective of whether the banks are traditional or new-age, robust core banking systems are imperative to operational efficiency, customer experience, compliance, and security.
Globally, the core banking solutions market is valued at over $14 Bn. And in India, the market is projected to grow at around 16% CAGR to reach $1510.92 Mn by 2028.
What is a Core Banking
Core Banking Solution (CBS) is the technological engine that drives the modern banking experience. It shapes the way banks operate and deliver value.
CBS deploys a core ..read more