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Cloud Banking

Reasons For Banks’ Potential Transition to Cloud Banking

The banking and financial services industry is increasingly adopting the latest digital technologies for customer satisfaction, faster product development, and agile systems. They are recognizing the need for differentiated products and services to stay competitive, which has always been at the forefront of innovation with technology due to rapid digital transformation. With on-demand access to …

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What Changes AI & ML Will Bring to the Banking & Finance Sector

What Impact will AI & ML have on the Banking & Finance Sector

Of late, driven by digital transformation, banks have started leveraging artificial intelligence (AI) & machine learning (ML) to analyze data in order to gain a deeper understanding of their customer’s behavior, primarily. This strategy further provides ample opportunities and significant benefits for financial companies—enhancing customer experience, preventing fraud, and mitigating risks to name a few. …

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AI in Banking

Artificial Intelligence is Revolutionizing the Banking and Finance Sector. Know How. 

Today, artificial intelligence (AI) is being utilized in a wide range of industries for several functions, including handling administrative duties, assisting customers with problems, and making predictions and recommendations based on experience. Nowadays, banks provide digital platforms for most of their banking transactions: mobile & web applications, ATMs, etc. As a result, the majority of …

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Learn How Contactless Payment Is Dominating Digital Transactions

In recent years, contactless payment, a.k.a. ‘tap to pay’ transactions have seen a rise in popularity among consumers. This novel digital payment system lets people make transactions by simply tapping their cards or phones at compatible POS systems, doing away with the need to swipe cards.  With a whopping 150% growth between 2019 and 2020 …

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Cloud computing trends

How Cloud Computing Trends are Changing the Face of Global Businesses

Cloud computing has become indispensable to IT businesses, for its bundle of advantages. The driving force behind the plethora of cloud migration services available in the market today, this advanced computing method has been proven to greatly reduce business expenses. Additionally, with superior flexibility in terms of scaling up or down, this computing service empowers …

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AI-based HR Tools

Top AI-based HR Tools in 2022

The use of AI has found its way into the HR department, with over 65% of HR departments using these tools in 2020. By 2023, that number is predicted to rise to over 77%.  AI-based predictive analytics tools are being used by the HR departments of many businesses to automate the recruitment process. Using the …

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Cybersecurity

Cybersecurity in the BFSI Industry

The BFSI industry around the globe is revamping its cybersecurity architecture, expecting a continuous spree of data breaches and cyber-attacks. This threat-counter mechanism seeks to minimize overall financial loss, subsequently curtailing reputational damage, regulatory consequence, and general mistrust.  However, in a time when digitization is at its peak, cyber attackers are also expeditiously resorting to …

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Digital Transformation

5 Key Areas of Digital Transformation Using Digital Enterprise Architecture

With a sharp contrast to the age of computerization, today in the digital era, implementing and managing changes in business models and ecosystems is exponentially more complex. At such a juncture when the efficacy of conventional approaches to digital transformation is all but diminished, Digital Enterprise Architecture (Digital EA) is a savior. Yielding more enhanced …

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