What is Data Loss Prevention? Data Loss Prevention (DLP) is a critical aspect of cybersecurity that aims to protect sensitive data from unauthorized access, disclosure, or loss. In the context of digital banking, DLP solutions play a vital role in safeguarding...
Banks, like any other organization, face a variety of hazards. However, given the importance of the banking sector and the government's role in risk management, the risks weigh harder on the banking sector than on most other companies. A bank may encounter a variety...
Financial institutions, including banks, face unprecedented challenges from rising consumer expectations, mergers and acquisitions, continued digital disruption, and intense competition from FinTechs. With a growing focus on implementing newer systems and processes,...
In today's fast-paced and competitive business landscape, organizations are constantly seeking ways to streamline their operations and maximize efficiency. One groundbreaking solution that has emerged in recent years is RPA Extract—a game-changing automation tool...
Cybersecurity in banking holds a critical value. Since the advancement of digital payments and digitization of the financial ecosystem, banks have become a primary target of cyber-attacks. A report by Cybersecurity Ventures estimates that the global cost of cybercrime...
Artificial Intelligence has become an integral part of the most demanding and faced-paced industries. Artificial intelligence (AI) and Machine Learning (ML) in the manufacturing industry have produced many incredible results by increasing efficiency to a sky-high...
The banking sector has always been data-driven. Banks record millions of business transactions daily. The volume of data generated by banks is not just large but also real-time in nature. While digital banking is used by almost half of the world’s adult population,...
Digitization of financial services, with RPA being a big slice of that, is the need of the hour post COVID-19. 69% of customers are now preferring their entire financial life cycle on digital channels and 80% of customers are willing to switch financial institutions...
The banking industry is getting faster, secure, and reliable with the rise of digital banking solutions, cryptocurrencies, mobile payments, and other advanced technologies. One such technology adoption that is growing exponentially over the past few years in the...
Since its inception, Blockchain has been said to bring in a revolution on part with the birth of the internet. What started as a decentralizing currency and assets, is now disrupting every mainstream industry including healthcare, pharmaceuticals, insurance, and...