5 ways lenders can enhance operations with real-time bank data
Today, instant accessibility of financial services has become a major requirement for customers. They want banks and Fintech firms to offer financial services tailored to their need and preferences. The industry has been witnessing changes on similar lines where...
Top 7 trends driving digital transformation in banking (II)
In the previous blog we discussed three trends out of seven driving digital transformation in the banking industry. Now let’s have a look at the four trends which are likely to change the face of the industry in times to come. Cloud Computing Even though the...
How can banks endure radical changes under PSD2?
The Revised Payment Services Directive or PSD2 is amongst the most progressive legislations aimed at revolutionizing the payments and the banking industry. The directive strongly focuses on emphasizing payment security, innovation, and market competition. It also aims...
Top 7 trends driving digital transformation in banking (I)
‘Technological innovation’ – these two words are so imbibed in our day-to-day life that we have almost forgotten how we used to live without mobile phones or internet or even online banking. We take it as a joke that the banking services were limited to a brick and mortar building which we called ‘bank’ within a time-period of 9 a.m. to 4 p.m. There settlements would take multiple days to clear, the day-to-day transactions were cut-off mid-afternoon and there used to be batch processing.
