The COVID-19 pandemic is undoubted, one of the most serious challenges faced by the Banking industry. In fact, some experts even consider that the COVID crisis is larger than the global financial crisis of 2008. This has made it challenging for the banking industry to...
Banking
Data-driven consumer strategy in 2020
Becoming data-driven is the critical technology strategy of many businesses worldwide. Companies all over the world regardless of their stream have integrated data as an essential part of their business process. In fact, most of the valuable companies in 2020 are...
5 ways to be more secure in the cloud
5 ways to be more secure in the cloud Cloud-based solutions are increasingly in demand around the world right now. In today’s digital environment, almost every business you can think of is using cloud services, and more than ever before, those businesses have a ton of...
European banks grapple with digital transformation
This article is part of The Banker’s Special Report, Digital transformation across European banking groups, in association with Backbase. Published in thebanker.com Once considered to be trailblazers in the adoption of advanced technologies, banks are now more often...
Impact of coronavirus on commercial banking industry
The COVID-19 pandemic is considered as the most serious challenge to the commercial banking industry since the global financial crisis of 2008. The commercial banking industry is working to manage its revenues, customer expectations, and growing pressure on consumers...
Integration of automation in financial services
The advent of automation as a part of business processes has seen a direct spike in…
Future of Fintech post COVID-19
Future of Fintech post COVID-19 The fintech space has been always driven by continually evolving consumer expectations and complicated challenges that come with it. This particular trait of the fintech space is what accelerated the adoption of fintech in the pandemic....
What is big data?
Since the last decade, when the term 'Big Data' was coined and until today, the term has remained an enigma to most people. In 2005, Roger Mougalas from O'Reilly Media coined the term Big Data for the first time. However, the usage of Big Data and why do we need to...
Applications of big data
While the field of Big Data is continuing to evolve in a humongous manner, it definitely won’t be fading away anytime soon, or anytime at all! This might sound like a big declaration, but we know that data has always been a part of the modern economy. Since the...
Improving data governance and data analytics processes to generate new opportunities
The quality of submitted and internally produced data is vital to the operations, and lapses in data can be costly within the banking industry. We work closely with our clients to understand the challenges faced, and develop ways to generate new opportunities by...