Mobile banking has become integral to our daily lives, offering unparalleled convenience and accessibility. However, as the usage of mobile banking apps continues to grow, so do the threats from cybercriminals. In a world where personal and financial data is at risk, mobile banking apps must prioritize security. In August [...]
Once upon a time, in a world of traditional banking, a young entrepreneur named Richa had an innovative idea for a new financial service offering. However, she realized that her idea was only possible if she could access financial data from various banks in real time. Frustrated by the [...]
Icebergs can be deceptive when looked at! They encompass a huge mass below the sea level which is around 90% of its actual size, leaving only 10% for the naked eye. How is that related to banking? To answer this question, let’s look at an example: When a customer performs an action [...]
A recent study by CSI executives involved interaction with U.S. financial institutions where these institutions were asked about the banking industry – strategic priorities, budgets, planning, technology choices, current trends, raising concern areas, compliance trends and much more. During the course of the study when the executives rated their [...]
Unless you are really prepared, unexpectedly high traffic on banking portals can wreak havoc in computer systems, leaving banks vulnerable to technology failure and millions of customers significantly stressed from declined transactions. Now this is one area where performance really matters and rather than invest in hundreds of dollars [...]
Banking is one of the few sectors that are critical to our everyday life. Testing of banking applications needs to be thorough with due importance given to data privacy and protection. Finding adequate and comprehensive test data is always a challenge and, in banking, it is more challenging due [...]
For years, banks had their doors closed to technological innovations, mainly due to security and compliance concerns. But technology has pervaded our everyday lives to such an extent that even banking could not remain immune to it. The world of banking has seen amazing technological advances. Here we share [...]
