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The Fintech Techie
Добавлен 24 июн 2007
Welcome to the LEARNING SIMPLIFIED series !
This channel attempts to simplify core banking concepts in short 5-10 minutes video capsules.
The content illustrates from basic fundamentals in easy language, since as per Einstein's quote “You do not really understand something unless you can explain it to your grandmother"
Do like, Share and Subscribe and spread the knowledge because
‘Being ignorant is not so much a shame, as being unwilling to learn.’ -Benjamin Franklin
This channel attempts to simplify core banking concepts in short 5-10 minutes video capsules.
The content illustrates from basic fundamentals in easy language, since as per Einstein's quote “You do not really understand something unless you can explain it to your grandmother"
Do like, Share and Subscribe and spread the knowledge because
‘Being ignorant is not so much a shame, as being unwilling to learn.’ -Benjamin Franklin
For which malpractice did RBI and SEBI rap JM Financial ?
Why did SEBI restrict JM Financial from taking on new mandates as a manager for bond issuances. Why did RBI ban JM Financial from financing investors for Bond purchases?
Просмотров: 246
Видео
How was the UCO Bank IMPS Fraud committed?
Просмотров 8874 месяца назад
All the details related to the IMPS fraud incident and how it could have prevented.
How does core banking connect to Swift Alliance ?
Просмотров 7415 месяцев назад
Learn all about Swift connectivity and Swiftnet services offered by Swift.
ATM Integration with Corebanking- Masterclass Session 2
Просмотров 2095 месяцев назад
This session describes the message format of ISO8583 which the Switch uses to communicate to core banking
Masterclass Series "ATM Integration with Core banking" - 1
Просмотров 3496 месяцев назад
Know all about how ATMs integrate with core banking using ISO8583 protocol.
What is Lock Free Reservation of Oracle 23c ?
Просмотров 2157 месяцев назад
Explains how concurrent transactions can be handled - Lock Free Reservation feature helps in achieving a better through put for concurrent transactions
What are the SWIFT UETR Recycling rules?
Просмотров 5837 месяцев назад
Understand more about SWIFT UETR Reuse and Duplicate checks
Understanding MDR- Merchant Discount Rates
Просмотров 6738 месяцев назад
What is the POS charge- MDR- how is it collected, how is it divided and what factors influence merchant discount rates.
UPI Bank settlement cycle and process explained
Просмотров 8 тыс.11 месяцев назад
How do banks settle among themselves for UPI transactions ? The process and the settlement cycles explained like never before !
How does UPI Lite work ? All about UPI Lite explained
Просмотров 1,8 тыс.11 месяцев назад
What is UPI Lite ? it is not an offline payment method ! Understand more about UPI lite in this video.
US Payment networks
Просмотров 2,4 тыс.Год назад
An overview of the different US payment networks and their use cases- CHIPS, NACHA, RTP and FEDWIRE
Understanding Direct Debits
Просмотров 5 тыс.Год назад
The steps and features of a Direct Debit transaction.
What is SaaS based core banking application ? SAAS Banking services explained !
Просмотров 985Год назад
An overview of SaaS cloud services for core banking
How Does UPI work? UPI process flow explained !
Просмотров 44 тыс.Год назад
All about the evolution of UPI and the entire P2P process flow of an UPI transaction. (Unified Payment Interface of India which is the most voluminous instant payment mechanism in the world.
What is SEPA Instant Credit ? The entire process flow explained.
Просмотров 10 тыс.Год назад
What is SEPA instant Credit is explained in the 2nd session of the instant payment workshop series (4)
What is Instant Payment ? (or Faster payments). Part 1 - Overview
Просмотров 4,7 тыс.Год назад
What is Instant Payment ? (or Faster payments). Part 1 - Overview
How does Central Bank Digital Currency (CBDC) work ?
Просмотров 1,1 тыс.Год назад
How does Central Bank Digital Currency (CBDC) work ?
Workshop Series ISO-20022 Part 7 (Swift In flow Translator)
Просмотров 3,9 тыс.Год назад
Workshop Series ISO-20022 Part 7 (Swift In flow Translator)
Understanding how loan provisioning works
Просмотров 3 тыс.Год назад
Understanding how loan provisioning works
What is Oracle EBR- Edition Based Redefinition.
Просмотров 928Год назад
What is Oracle EBR- Edition Based Redefinition.
Understanding how and why position accounting is passed
Просмотров 2182 года назад
Understanding how and why position accounting is passed
Virtual Account Solution (Workshop Series 2)- part2
Просмотров 4332 года назад
Virtual Account Solution (Workshop Series 2)- part2
Workshop series 2- Virtual Account (Introduction)
Просмотров 9642 года назад
Workshop series 2- Virtual Account (Introduction)
Understanding SWIFT FIN Y Copy message
Просмотров 2,2 тыс.2 года назад
Understanding SWIFT FIN Y Copy message
Understanding SWIFT RMA- Relationship Management Application
Просмотров 8 тыс.2 года назад
Understanding SWIFT RMA- Relationship Management Application
Understanding SWIFT GPI- PART 2 (gSRP- Stop and Recall)
Просмотров 4,4 тыс.2 года назад
Understanding SWIFT GPI- PART 2 (gSRP- Stop and Recall)
Please avoid background music
Sure. We have removed from most of our videos which came post this. Thanks for the feedback
And all this request and response are performing through "API" .
But how is this free for people doesnt bank require any efforts ti maintain this
This is very helpful! Thanks a lot!
Thank you for taking time to explain on RMA .
Pushed to Non-GPI Agent I am getting this message sir from last 6 days
pain008 is for SDD and not for credit transfer. its pain001 message which is used for credit transfer. You have mentioned exactly opposite. Please do not share misinformation
Hi. Same was mentioned as an erratum in the video description and comment as soon as the video was uploaded. But thanks for highlighting again. Much appreciated. Do keep watching other videos and provide your valuable feedback. Thanks.
Request you to please not use "Actor" in ppt and refer in your lecture as Debtor or Creditor. Atleast in brackets write - Debtor, Creditor, Debtor Bank, Creditor Bank.
Noted. The word Actor is commonly used word in such process flows - it is an entity that is a participant in a process and/or a user of a system.
Amazing explaination sir. But one question is if you would have observed, almost all the times we get the success message on the UPI app (eg: phonepe), even before we get the debit message from the bank. Any idea how?
Message from bank is delayed.
yes, sometimes the SMS from the bank gets delayed due to network congestion or bottlenecks in the core banking application/database
Your videos are excellent in quality but only change it requires is that language should be more simpler so that more and more ppl go thru it which you deserve.
Your feedback is noted ..thank you
Brilliant. Nicely explained but pl use simple vocabulary to understand easily without google searching for meaning of words as english language has multiple meanings for the same word.
Noted your valuable feedback
excellent. Never got to know so well an explanation in such a short time. One doubt. Shouldn't assets be also considered a liability bcos owner is investing money to purchase it(like office; machinery etc).
But what is UPI GL and credits an upi gl ? Videos are good but not for beginners.
GL stands for general ledger- an internal account of the bank. Any accounting has 2 parts. One Debit and one Credit. So if customer account is Debited the UPI GL is credited.
Are the rma msgs also available at swift alliance cloud
Nice demo ncpi full info 😊
In SWIFT FIN MT messages, Block 3 tag 103 is utilized to identify the party of Y copy authorization (e.g., 103:TGT represents TARGET2). What is the equivalent tag or field used in MX messages for identifying the authorization party?
This is unlikely to be implemented in the US, many prefer the anonymity of cash, distrust of the government/banks, also banks make too much money from transactions to give CC's up, also UPI I think is mostly practical for small purchases and for that people already have pay pal
True. Nature of payments are different from India where we have huge amt of small value p2P and merchant payments. Als US card/bank lobby is strong.
Perfect!
Thank you
Thanks for the video. Could you please explain what's the message format between the switch and the ATM itself? Do we still use ISO8583 messages over TCP there or can every bank use different formats for this connection?
Hindi me smjhne vale jyada log hai
Hindi me bolo Maharaj
Thanks for the useful feedback. Sure we would start a Hindi channel as well. Hindi channel June main shuru karenge !
Thank you Sir
So nice of you
Very useful information Can i have the presentation link please Wanted to share this information without other
PSP : payment service providers, CSM : Clearing and Settlement Mechanisms. pacs.008 message is used to transfer credits as individual payments between banks worldwide.
Good explaination. Thanks
Thanks for the kind feedback
Dr. = Cr. is the ultimate truth ! Everything else is 'Maya' or 'Mithya'.
All 3 parts are superb. Do we have 4th part for RFR series ?
Superb. Many Tx
You are welcome. Keep watching
Thanks for the MSC. Are there UPI apps that allow you to initialize it with using User ID instead of one using Global ID
Thanks for explaining in simple terms!
Most welcome and keep watching
Excellent video. Thank you very much
Welcome. Keep watching our videos
Thanks for bringing in such technical videos on banking products.
Thanks for the kind feedback
Super. Thanks for doing this 👍
Thank you
thank you for uploading this video it was very helpful
Thank you for your kind feedback
Amazing job!
Thanks for the words of appreciation!
Watched all 3 parts excellent!!! thank you very much! Kindly provide any playlist you may have for RFR series. Couldnt find link for part 4.
Thanks for your kind feeback. As of now we have 3 series
Can you tell how the same happens in Sepa IP
Where is the role of escrow account here?
Upi pin is validated by Npci or remitter bank ?
By the remitter bank. Hence the pin is same regardless of the app, as long as the bank is same
What a well explained video! Those diagrams were as clear as crystal, Thanks a lot!
Thanks a lot for the encouragement
Rare knowledge on Free of cost
Thank you for your kind words
These classes are absolutely fantastic and very relevant. Keep up the good work. Looking forward to more
Thanks for the words of appreciation
Excellent ..Thanks for sharing
Thanks for your words of appreciation
Very informative videos...just a piece of advice...the voice speed keeps on fluctuating.. from fast to sudden slow to again fast...kp the speech pace uniform... otherwise great content
Thanks for the feedback , it is duly noted
Very informative. Rare on youtube. Thanks for this information.
Thanks for your kind feedback, much appreciated
Excellent expleanation! Well done
Thanks for your words of appreciation.
Very well explained..... crisp and clear. Pls keep up the good work......
Thank you for your kind feedback
Isn't MT103 direct from originator to beneficiary?
Not always..there can be a serial mt103 as well
Sir can you explain token based cbdc and account based cbdc .
Sure..will do in some stage. Thanks for your inputs