The advancement in technology has made it possible to effectively and efficiently integrate data across various processes. Financial institutions are increasingly getting integrated with each other. Banks can get more done with time by reconciliations models, auto-categorize transactions, manage accounts, also provide loan facilities with ease and digitally. This would reduce manual activities by automating bank transactions with the help of integration with other support systems like credit bureaus, asset management companies and various private and government agencies.
One of today’s quickest and easiest means of payment is direct debit, has found its place in the digital world. Transdigital’s E-mandate registration methodology allows banks and financial institutions to accept e-Mandates on their own website, while buyers can authorize mandates in the trusted environment of their own bank.