Behavioral Banking

Behavioural Banking is an interdisciplinary subject dealing with behavioural research and its relevance to banking. The study of human behaviour is important within many disciplinary specialties and in recent years the findings from this field have begun to be applied to policy concerns in a substantive and sustained way. Behavioral banking is the application of these findings to banking.

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New technology for faster and cheaper remittance

International remittances don’t need to take days to reach you. For about a decade, India has been the largest remittance recipient in the world, according to annual remittance data by The World Bank. In 2015, India received $69 billion in inward remittance, followed by China at $64 billion. For the year 2016, India is estimated to get about $65 billion from remittances.

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SustainabilityCognitt
India’s nudge unit: An idea whose time has come

Leading economies like the USA, UK, Australia and Singapore and organisations like the World Bank have been using and advocating behavioural research to dramatically improve public policy design, and deliver better outcomes for taxpayer money. If behavioural interventions have the potential to increase the efficacy of our social spending, how is India planning to harvest these benefits? 

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SpotlightCognitt