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How close are we to the cloud service providers creating cloud-native internal developer platforms? To set the scene, let's begin with overarching cloud migration strategies. In this modern world of digital development, business transformation is in full swing, and even banks are moving their application estates to the cloud! If you are a CTO emb...
27 February 2023 /cloud
The Rise of P2P Apps In today’s fast-paced, technology-oriented world, convenience is key. Peer-to-peer (P2P) payment apps offer users a simple and convenient way to transfer money to other users or pay for services. These apps have grown in popularity, with 84% of consumers saying they have used a P2P service. In the US, the most popular P2P app...
22 February 2023 /payments /retail Banking Strategy, Digital and Transformation
Everyone is talking about ChatGPT. And many are using it too. This new, AI powered tool was launched by OpenAI and it has created a stir across industries and people from all walks of life. The tool can provide well-articulated responses to queries, write codes, and deliver results to most queries, even those related to a process flow, data model ...
21 February 2023 Analytics in Banking
Insurance profitability is being squeezed by rising costs and competition, while the ability to do anything material about this is being hampered by outdated technology and working practises. But there are signs this is starting to change. The deployment of the AI and ML capabilities and improved customer interfaces, which could offer considerable ...
20 February 2023 /people /cloud Digital Insurance Trends
According to Checkout.com’s report, 77% of merchants who choose to accept crypto as a payment medium observe an increase in cross-border sales. It’s no surprise therefore that an estimated quarter of all online businesses are looking to offer crypto payment methods by 2025 – a number that will only rise as the education gap decreases. And this isn...
19 February 2023 /crypto
Corporate treasury is no longer seen as a cost centre. It is expected to play a key role in business policy decisions and new business initiatives. This requires a shift in focus from repetitive BAU activities to, timely and accurate, data driven decision making for efficient working capital management. Given an option, 70% (as per IDC White Paper...
19 February 2023 /wholesale Digital Banking
Changing customer expectations, quest for process efficiency and business growth, growing industry and regulatory support for digital trade continue to be the key drivers for digitalization of trade finance. Given the archaic interaction mechanisms and customer demand for better experience, channels continue to be the area of immediate focus for ba...
16 February 2023 /wholesale Banking
The raising prominence of Data privacy: As per the market stats published by Statista, the amount of data/information generated, gathered, copied, and consumed is expected to reach 180 zettabytes by 2025! And a majority of the data generated is on customer and customer only! All of this can be used to infer valuable insights and patterns on the cus...
16 February 2023 /regulation Trends in Financial Services
API-led AP-AR automation solutions today connect a business’ treasury, payments and credit workflows, creating unprecedented access for banks to drive engagement with SME businesses. Accounts payable and accounts receivable (AP-AR) automation is at the core of creating real-time visibility into a business’ working capital. With an estimated marke...
16 February 2023 /payments /wholesale Banking Strategy, Digital and Transformation
New age core banking solutions like Thought Machine, Mambu and Pismo are on their way to transform banking as we know today Simplistically put, these are a set of cloud native, even driven domain microservices that facilitate quick creation and launch of new products, configuration of workflows, accounting entries and interface with other internal...
15 February 2023 /retail /predictions Banking
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