In The Know Vol.10 - Igniting Innovation ??
Embracing Innovation: Pioneering Change in Fintech ??
“Innovation distinguishes between a leader and a follower” - Steve Jobs
In the realm of financial services, innovation is the catalyst that propels us forward. It's not just about creating something new; it's about redefining how we interact with money, transforming the way businesses operate, and revolutionising the very core of financial services.?
From the introduction of ATMs to the rise of blockchain technology, each innovation has been a milestone, shaping the landscape of finance. These breakthroughs didn't just make transactions more convenient; they altered the entire fabric of our financial systems.
Fuelling Innovation, Fostering Growth ??
At Ukheshe, we're not just about business as usual; we're about pushing boundaries. Our culture thrives on diverse thinking, where unconventional ideas are not just welcomed, but celebrated. This spirit is at the heart of our Eclipse platform - a product born from the power of collective, inventive thought.
Picture a room buzzing with minds from all walks of life, each bringing a unique angle to the table. It's this blend of perspectives that propels innovation, encouraging us to go beyond the ordinary and explore new territories. We don't just talk about innovation; we live and breathe it.
We believe that nurturing an environment where innovative ideas flourish is key to progress. We stand ready, at the crossroads of creativity and technology, eager to push the boundaries of what's possible in the fintech world.?
Eclipse: Transforming our vision into a reality???
Innovation isn't just about ideas; it's about making those ideas a reality. That's where Eclipse steps in. Our platform simplifies the complexities of financial services, empowering innovators like you to focus on your go-to-market strategies and visionary goals. It's more than just a tool; it's a bridge that turns concepts into widespread solutions.
“Helping other businesses to drive innovation is core to what we do. We provide the 'plumbing’ to fintechs and banks so that they can focus on their go-to-market opportunities and their overall strategy. The Eclipse platform provides the plumbing and the technology needed to realise their strategies” - Paul Carter-Brown, CTO at Ukheshe.
Imagine a world where financial services effortlessly adapt to individual needs. This is the world we're creating with Eclipse. From seamless KYC processes to simple backend integration, Eclipse offers a comprehensive solution for fintechs and banks to drive growth and realise their own innovative aspirations.
We're not just talking about change; we're actively building it ??
Moving on ??
Top stories in September ??
Why banks should consider decoupling the payment processing value chain
The conventional approach to processing account-based payments is facing significant challenges, with shrinking profit margins, intensifying competition from fintech companies, and escalating operational costs.?
Historically, the horizontal payment processing model served banks well. However, in today's rapidly evolving landscape, it has become a bottleneck for innovation. Any necessary updates have far-reaching implications across the entire payment system.
The remedy for banks lies in decoupling the payment processing value chain. This strategic shift empowers banks to reassert control, reduce costs, and gain mastery over their payment processing operations.
Core Banking and Banking as a Service: What does the market look like??
In the dynamic realm of finance, innovation in core banking and Banking as a Service (BaaS) has become a pivotal target for market players.
Ukheshe’s advisory firm, Royal Park Partners, unveils a groundbreaking thematic report offering a comprehensive overview of tech-overlay platforms, driving the evolution of banking solutions in the digital age.
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With the surge in demand for seamless, tech-driven financial services, this report delivers invaluable insights into the latest trends and innovations. From licensed banks to non-banking entities, the landscape of core banking and BaaS is rife with opportunities.
Explore the transformative landscape of core baking and BaaS
Elevating fintech through strategic partnerships
In the fast-evolving landscape of fintech, collaboration is proving to be the key to success. But it isn’t that easy.
?Success in partnerships hinges on meticulous preparation. Both parties need to do their homework to ensure that the partnership is not only fruitful and mutually beneficial but sustainable in the long run.
Hear from our VP of Strategic Partnerships, Natasha Archary as she shares her insights on how to create a winning partnership.
Visas’ Kernel in the Cloud makes accepting card payments in Africa easier than ever
As the African payments landscape continues to evolve, a remarkable shift towards digital payment solutions has taken centre stage.
Enter Visa Acceptance Cloud (VAC), the latest advancement poised to redefine how we approach card payments in Africa. This innovative solution eliminates the need for payment processing software on individual hardware devices. Instead, it provides universal access through the cloud, transforming almost any device into a seamless, cloud-connected payment terminal.
?For a deeper dive, read the full story
The Fintech-as-a-Service Advantage in Modern Finance ??
Fintech-as-a-Service (FaaS) represents a fundamental shift in how businesses approach their financial operations. It allows for the seamless incorporation of cutting-edge payment solutions and digital banking services, all without the burden of heavy initial investments.?
This shift is transforming the way financial services are integrated into business offerings, revolutionising the financial landscape.
Embracing Change: How Banking-as-a-Service is Transforming Finance ??
Banking-as-a-Service will play an important role in the future of financial services, but many still battle to understand the model.
BaaS is a model that enables non-banking businesses to integrate core banking services into their offerings. But it doesn’t stop there. Banks can also implement BaaS to enhance their offerings and stay at the forefront of financial innovation in the digital age. This innovative approach, powered by APIs, is reshaping our interaction with financial services, ensuring a future that's more accessible and convenient for everyone.
Dive into our latest blog to discover the potential of BaaS and its crucial role in shaping the future of finance.?