The financial services industry is in the midst of a significant transformation. As customers demand more seamless, agile, and innovative services, banks and financial institutions must evolve to meet these new expectations. But digital transformation is not just about implementing the latest technology—it’s a comprehensive, multi-dimensional shift that impacts [...]
Interoperability in banking and finance is multifaceted, uptight, and fraught with many menaces, risky projects, and prominent vendors. One such solution is Open banking. Open banking is a mode where banks provide a set of consistent and standardized interfaces to permit service providers and third parties into their banking [...]
ChatGPT was synonymous with Generative AI some time back, prompting me to explore its impact on the payments industry in a previous blog. However, it’s crucial to acknowledge that Generative AI is the encompassing circle in the Venn diagram, with ChatGPT being one of the circles nested within it. [...]
Customer services now constitute one of the key distinguishing factors of banks in an ever-changing environment. With increasing customer requirements, banks must adopt and incorporate novel technological methods to provide customized services. A very promising technology in this regard is generative AI. Generative AI in core banking systems will [...]
In the ever-evolving world of banking technology, the traditional core banking systems have long been the backbone of financial institutions. However, the limitations and challenges associated with these systems have paved the way for a paradigm shift towards coreless banking. Let us delve into the concept of coreless banking [...]
