In 2024, wealth managers are laser-focused on adding new clients (64%), deepening existing relationships (48%), and enhancing client experiences (46%)—priorities that align with the wealth management market’s projected Assets under Management, expected to reach a staggering $162.3 trillion globally, with financial advisory dominating at $159.5 trillion. This focus is timely, [...]
Thanks to technology, the wealth management industry is seeing significant advancements. Generative AI (GenAI) is emerging as a powerful tool for firms looking to innovate and create highly personalized client experiences. According to Gartner’s recent report, “How Will Generative AI Impact Wealth Management?”, this technology is set to enhance customer [...]
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 [...]
In an era where data breaches generate headlines and data privacy is an increasing concern, how can organizations use the massive amounts of data they acquire without jeopardizing individual privacy? The solution could be found in a unique amalgamation of data anonymization approaches. As we dive into this fascinating [...]
As Augmented Reality (AR) becomes more prevalent, imagine entering a world where digital overlays seamlessly blend with your physical surroundings, enriching your reality with interactive information and immersive experiences. This is the promise of AR, a groundbreaking technology reshaping how we interact with the digital world. From smartphone apps [...]
By 2030, the value of the Generative AI (Gen AI) sector is expected to grow to USD 110.8 billion. GenAI is predicted to be responsible for 10% of all data generation by 2025, a stark increase from under 1% in 2021 – Gartner. Gen AI is causing transformative changes [...]
Staying ahead of the curve is paramount in the vigorous scope of software testing and quality assurance. The collaborative effort between industry leaders Cigniti and Katalon has given rise to The State of Software Quality Survey 2024-25, a groundbreaking initiative aimed at unraveling the latest trends, challenges, and innovations [...]
In recent years, cybersecurity has faced increasingly sophisticated threats, making it crucial for organizations to develop robust systems for threat detection and response. One emerging technology that holds promise in this domain is ChatGPT, an advanced natural language processing model developed by OpenAI. In this blog post, we will [...]
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 [...]
Large language models (LLMs) have recently garnered immense popularity and global attention due to their versatile applications across various industries. The advent of ChatGPT in late 2022, particularly resonating with Gen Z, exemplifies their impressive capabilities. Nowadays, the cumbersome process of navigating automated phone menus (pressing 1 or 2) for [...]
