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Life cycle of Payment

June 14, 2020June 14, 2020
Posted by Sagar A
1. Submission   Purpose of payment   Choice of payment instrument   Recipients details (BIC etc)   Submit 2. Bank’s internal processing
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MACHINE LEARNING

Linear Regression

June 5, 2020June 5, 2020
Posted by Sagar A
Finding out the best fit line. so it can predict future value. line equation is :  y = mx +c M- slope C- constant This is our hypothesis : 𝛉0 – constant 𝛉1 – Slope h(x) –
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MACHINE LEARNING

Evaluation metrics for regression

June 5, 2020June 5, 2020
Posted by Sagar A
Error:  predicted – actual values How far the predicted value from actual value MAE: average of absolute value of error Error gets positive and negative value. This positive and negative
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Payment

PSD & Open Banking

April 27, 2020June 14, 2020
Posted by Sagar A
PSD (Payment Services Directive) PSD (Payment Services Directive) was adopted in 2007 to create rules and guidelines for simplified, efficient modern payment services in the European Union. However,
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Payment

SEPA

April 27, 2020June 14, 2020
Posted by Sagar A
The Single Euro Payments Area (SEPA) is a European Union (EU) initiative to harmonize payments across the Eurozone. Goal is to make European payments as easy and cheap as domestic ones by creating a
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Payment

Differentiation between three UK’s Payment Systems

April 27, 2020June 14, 2020
Posted by Sagar A
BACS   Bulk Electronic Debit and Credit   ACH service for non-urgent payments;  Sterling-denominated standing orders, DD and CT; domestic Euro CT  Payments can be
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Payment

Banking Codes

April 27, 2020April 30, 2020
Posted by Sagar A
IBAN (International Bank Account Number) Structure of IBAN Number The IBAN structure consists of maximum 34 characters and is composed of: 2 alphabetic characters for the ISO
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Payment

Banking Accounts

April 27, 2020June 14, 2020
Posted by Sagar A
Nostro Account, Vostro Account & Loro Account Nostro Account : In very simple terms “A Nostro is our account of our money, held by you” Nostro is derived from Latin word which means
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Payment

SWIFT

April 26, 2020June 14, 2020
Posted by Sagar A
SWIFT is a member-owned cooperative  Provides the proprietary communications platform, products and services that allow customers to connect and exchange financial information securely and
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Payment

Basics of Payments

April 26, 2020June 14, 2020
Posted by Sagar A
What is a payment? A payment is a transfer of funds from payer to payee. Who is payer? A payer is the party to a payment transaction which issues the payment order or agrees to the transfer of funds
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About Me

Sagar A

Hi,I am Sagar an aspiring blogger .
This blog is dedicated to helping people learn about new technology & payment industry.

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