For years, banks have been the behemoths clasping the one economic element that makes our world spin: money. They have slowly been evolving over the decades to reach a time where services to their customers has transformed with changing economic factors. However, with the rise in digital technology, banks [...]
A recent report by Ernst & Young titled ‘Global banking outlook 2016 Transforming talent, the banker of the future’ puts across some interesting findings that hold absolute relevance. It particularly highlights the urgency for transformation and reinvention in the banking sector, particularly in this era of low growth. Interestingly, Technology [...]
On October 20, 2016, The Economic Times (Indian business daily) reported that ‘3.2 million debit cards may have been compromised in India’ as a result of a security breach. The breach allegedly originated in Hitachi Payment Services that enabled fraudsters to steal information and consequently funds. Startling incidents like [...]
Bank applications are quickly turning out to be not just handy, but necessary, as customers grow better educated about their financial options. Inhibitions are fading as more end-users familiarize themselves with the digital functionality of bank applications, whether in the form of Net Banking, or through Mobile Application Banking. [...]
“The most significant trend of 2016 will be the ‘platformification’ of banking” ~ Cornerstone Advisors Banking and Financial Services industry has been a forerunner in adapting and scaling up to the changes as and when they happen in the IT world. It is, thus, no surprise that Digital Transformation has [...]
