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Showing posts from November, 2023

Digital payment

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Smart Reconciliation  Fast, Accurate Zero-Touch Transaction Reconciliation With the proliferation of new payment mechanisms banks need to reconcile many types of digital payment transactions including credit, debit, prepaid, ATM, POS, P2P and mobile transactions. Current payment reconciliation systems are, however inflexible to support new payment classes, new file formats and data resulting in protracted time to onboard payment reconciliations quickly and facilitate multi-party reconciliations. An inability to keep up with new payment classes and growing transaction volumes, introduces additional operational risks, potentially increasing number of exceptions and dispute volumes and costs. Redtech Smart Recon Redetech Smart Recon offers a highly configurable platform for onboarding new payment classes and automates the complete reconciliation operations spanning administrative management, data integration, transactional matching and exception management and reporting. Designed to ...

Financial services

  What are Financial Services? A Quick Guide to the Industry The term “financial services” refers to a broad range of services provided by banks, advisory firms, IT companies and other types of businesses, which help individuals and institutions access capital, manage money and complete transactions. The financial services i ndustry in Nigeria is one of the largest in the country, with various products and solutions available to meet diverse individuals and institutional needs. Here is a quick guide to the top financial services that you can access: 1. Global Payments We start with payment services as they represent our own business at Redtech Limited. Global payment services involve business solutions such as payment switching, payment gateways, mobile payments, payment card issuance and processing, and much more. These financial services enable businesses and individuals to complete digital payment transactions conveniently and securely. Global payment is a crucial need for e-co...

Wealth Investment Manager

  With the financial uncertainties that exist in our world today, managing your family finances and preserving your wealth across generations can be a difficult task. However, with the help of professional wealth management services, your assets can be preserved for the long haul through strategic planning which takes into account your family’s current and future financial needs, as well as existing and emerging global financial issues which may affect your wealth. If you’re in search of a wealth investment manager in Nigeria , here’s a guide on what to look for when choosing one.  Who is a Wealth Investment Manager? A wealth and investment manager is a financial advisor that helps high-net-worth individuals and families manage their investments and assets. As opposed to financial advisors whose roles are focused on financial or investment advice, a wealth manager offers more comprehensive services covering all aspects of personal finance including investment management, banki...