Banking Financial Services and Insurance industry continues to house many legacy applications and business processes that involve many repetitive manual processes. Large organizations like JP Morgan Chase, UBS, MetLife insurance, etc., have invested millions of dollars over the years to transform their application landscape to enable end to end [...]
Software product companies are continually launching new products and new apps targeting retail and corporate customers. These software products undergo rigorous internal testing, followed by a possible beta testing before being opened for full-fledged commercial usage. However, with increased competition in the application products space, the product lifecycle from conception to market [...]
When Cloud computing started making inroads into the industry around 2010, financial services firms were skeptical about moving their applications to the Cloud. The common reasons cited were regulatory restrictions, security concerns, and loss of control etc. However, in 2021, the Cloud has become an integral part of the digital strategy of all financial services organizations. One Forbes study [...]
In a rapidly digitizing world, thanks to COVID, cybersecurity has become a key focus of CxOs. Banking, Financial Services & Insurance (BFSI) organizations, which handle users’ and employees’ sensitive financial and personal information, are constantly threatened by cybercriminals. According to Cybersecurity Ventures, the cost of cybercrime will hit $8 trillion in 2023 [...]
