Digital trust is paramount for growth and sustainability in the Banking, Financial Services, and Insurance (BFSI) industries. As organizations rush to embrace digital transformation, the significance of digital trust cannot be overstated. Establishing digital trust involves a multifaceted approach encompassing robust cybersecurity, stringent data privacy measures, unwavering transparency, and ethical [...]
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 [...]
In the Banking, Financial Services, and Insurance (BFSI) industry, rising customer demand for innovative digital products and services necessitates a speedier application development process to provide rapid upgrades and a shorter time-to-market for new offers. To deal with this, banks require a new, simple, and safe application development technique [...]
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 [...]
Even before the unprecedented times of COVID-19, disruption was the name of the game in the Banking, Financial, & Insurance services industries. Whether it be the well-established wave of digital transformation, ever-increasing customer expectations, evolving regulations or the proliferation of competition from the new entrants of digital-native challengers, there was [...]
A well-functioning financial system drives a well-functional economy. The modern economy and the modern financial systems have technology as one of the most powerful driving force. Today, the Banking, Financial Services, and Insurance (BFSI) domain operates out of our smart devices. Online transactions have become the norm. Over the centuries, banks have evolved from [...]
Digital technology’s impact on quality assurance in Banking Financial Services and Insurance (BFSI) is visible in a big way due to widespread adoption of smartphones, tablets, and social apps. These offer great ease to customers who can use digital channels for interacting with financial institutions from anywhere anytime. This [...]
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 [...]
In the ever-evolving landscape of wealth management, technology plays a pivotal role in determining the efficiency and effectiveness of operations. Wealth management firms, facing constant pressure to innovate and optimize, must continually evaluate their technological and business process landscapes for cost, time, and functionality efficiencies. This blog delves into [...]
It’s Monday morning, and Sam woke up to a gentle sound on his phone. It’s not an alarm but his new financial pal—a voice-activated AI assistant. This friendly voice, tailored to his financial goals, provides a personalized morning briefing of his accounts, highlights upcoming bills, and even suggests budget-friendly [...]
