Digital Transformation Blogs - Bigdata, IoT, M2M, Mobility, Cloud

Banking

Redefining BFSI in the Digital Age

Low-Code Revolution: Redefining BFSI in the Digital Age

A Low-Code Application Platform (LCAP) is a software development environment that enables the creation of web or mobile applications with reduced complexity and faster development. It provides a drag-and-drop interface, pre-built templates and modules, and visual modelling tools that allow users to design, develop, and deploy applications quickly and efficiently. LCAPs use a variety of […]
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Insurance

Transforming the Insurance Premium Audit Landscape with Emerging Technologies

An essential step in the insurance process is the premium audit which confirms that the insured has paid the appropriate premium based on their real exposure to risk during the policy duration. The insurance company or a third-party auditor performs the audit, normally done at the conclusion of the policy period. To verify the correctness […]
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Emerging Technologies

Banking and Emerging Technologies

In this era of banking digitization & innovations, automation, Artificial Intelligence, Machine Learning, Chatbots, Blockchain, Bigdata, and mobile banking, emerging technologies create a new reality for digital banking and how customers view their finances. The Covid-19 pandemic has accelerated innovations and digital transformations in the banking Industry; there have been more and more digital banking […]
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Future of Money

CBDC – The Future of Money

What is CBDC? Central Bank Digital Currency (CBDC) is a digital form of money issued by the country’s central bank that is widely available to the public. A CBDC represents a direct liability of the central bank, not of a commercial bank. There is a raging ongoing debate between advocates and skeptics of CBDC. Skeptics […]
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Bank Goggles: From One Touch to Touch Free Banking

The retail banking sector has now entered the era of digital transformation. Advancement in digital technologies, social media, far and wide reach of mobile devices are now redefining the banking experience for all of us. The technological evolution around touch mode and mobility have enabled the anywhere anytime banking in its real sense. The number […]
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Channel Optimization for Banks

Channels are fast becoming an integral part of banking activities. In this age where customers enjoy best possible services across all industries, banks have to concentrate on and optimise their channel management strategies so that they are able to ensure customer satisfaction and loyalty. Data indicate that in the period from 2012 to 2017, branch […]
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Proactive Customer Care

Next Gen Customer Experience Management: Proactive Customer Care

The transition from traditional Customer Relationship Management (CRM) to Customer Experience Management is underway, and we are in the middle of it. To attract and retain customers, enterprises today not only need to manage their customers’ experience, but also do so in a proactive manner. To put this in another way: while it is essential […]
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Top 6 Technology Trends in Banking

The trends listed below are identified from a short to medium term perspective. We also try to identify the key drivers for some of these trends i.e. whether they are demand driven (consumer needs) or regulatory compulsions or just proactive investments in technology for future growth.   1. Convergence of Mobile and Online platforms As […]
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