Basic Banking Terminology and Concepts

Madan Shrestha Banking terms are an important part of making decisions. The banking industry applies a wide range of terms and terminologies. In this entity, I have disclosed a catalog of fundamental banking terms and terminology. Fundamental banking terms are frequently applied. These terms are useful and general knowledge. Banking terms play a vital role

Important Banking Terms and Terminologies You Must know

Santosh Neopane Banking terms and concepts have always been part of our economics book. But they are hard to remember and tricky to apply. We all know that monetary policy revolves around repo rates, bank rates, and multiple other rates. This can lead to confusion between the concepts. This article includes important banking terms for

Impact of Digitalization on the Nepalese Banking Sector

Madan Shrestha Digitalization means the implementation of technology. Digitalization is rapidly changing the day-to-day living style of people in Nepal. Digitization is not an option for the banking industry. Rather, it is specific because every industry is being digitized, and the banking sector is no exception. With the help of technology, banks can reach out

Non-cash retail payments from NCHL crosses 3 time GDP

Banking Khabar/ Non-cash retail payment transactions processed through NCHL’s payment systems during the FY2077/78 has crossed over 304% of GDP of Nepal. NCHL has been operating major national payments systems including NCHL-ECC, NCHL-IPS and connect IPS along with other channel platforms for its member banks/ financial institutions, payment service providers and various other institutions including

How Countries are using technology to fight Corona Virus?

The rapid spread of Covid-19 has forced countries to use every trick in the book to contain the disease. Some countries, like South Korea and Singapore, have done a better job than, say, Italy and Spain. Asian countries have used a range of technologies in their fight against the pandemic, raising questions about excessive surveillance

Banking technologies in Nepal and their usage

Rupa Koirala/Banking Khabar-New Technologies are entering in Nepalese banking sector day by day. Cashless transaction is being encouraged. Till now there are a lot of banking technologies in use, which are as follows: Banking cards There are many types of banking cards in use such as debit card, credit card, prepaid card, remittance card and

8 Banking Technologies to be seen in the next few years

New technology in banking is already transforming the financial sector, and the traditional banking landscape is set to rapidly change in the next five years. Safety features, such as advanced cryptography and biometrics, will help protect against bank scams, and remote applications will make it easier than ever to do your banking without visiting a

11 Techs that will change banking and the way we save

There has been a wave of innovation in the financial sector in recent years as banks realise the possibilities of digital technologies such as mobile, wearables, analytics and telepresence. And with lenders under pressure to meet fast-changing demands from customers, it is likely the rapid pace of change will continue. Here are some of the technologies