A Complete Guide to Digital Transformation in the Banking Sector
Introduction The banking industry is undergoing a significant shift as digital transformation becomes a necessity rather than a choice. With increasing customer expectations, regulatory demands, and advancements in technology, banks must embrace digitization to stay competitive. From AI-powered automation to blockchain and cloud banking, digital transformation enhances efficiency, security, and customer experience. In this guide, […]
Best Practices for Secured Data Storage in Highly Regulated Industries
In today’s digital landscape, highly regulated industries such as healthcare, finance, and legal services face unique challenges in protecting sensitive data. Ensuring secure data storage while complying with strict regulations like GDPR, HIPAA, and PCI DSS is essential to safeguarding information and maintaining trust. This article explores 10 proven best practices for secured data storage in regulated […]
Best Practices for Securing Sensitive Data in Financial Services
In today’s rapidly evolving digital landscape, securing sensitive data is paramount for financial institutions, particularly in credit underwriting, where customer information is at the heart of decision-making. With cyber threats on the rise, safeguarding financial data is no longer optional. It is essential to ensure trust, comply with stringent regulations, and maintain operational integrity. This […]
A Seat At The Business Strategy Table: The Transformation Of The Finance Leader
The role of a finance leader across many organisations has undergone a significant transformation in recent years. No longer expected to be just the gate-keeper on financial reporting and compliance, today’s finance leaders are in the boardrooms for strategic decision-making and organisational transformation with a focus on a low-cost finance operation. A survey by Egon […]
BPaaS: The Inevitable Change for the Banking & Financial Services Industry
The rapidly evolving business landscape has posed significant challenges for leaders in the Banking, Financial Services, and Insurance (BFSI) sector. Maintaining profit margins with existing business models has become increasingly difficult. The pressure to adapt to changing market conditions while embedding environmental, social, and governance (ESG) principles into operations is immense. Coupled with the demand […]
Vulnerability Assessment/Penetration Testing
Vulnerability & Cyber Security Assessments provide a complete evaluation of existing and potential vulnerabilities within the organisation with the end result of improving the security posture. The evaluations are designed to proactively identify and prevent the exploitation of any existing IT vulnerabilities. VAPT is increasingly important for organisations wanting to achieve compliance with standards including […]
Linking the Human-Digital Divide in the Banking Sector
Today’s banking world is shouting aloud for innovation like never before. And why not? People have realised the potential of digitisation and know how it can smoothen out the disruptions in this sector and others as well. Digital capabilities are altering the way consumers have been interacting with their banks. A recent study has shown […]
Implement AI, But With The Right Data Strategy
Every company, every enterprise is in search of tech innovations, a drive that can herald an industrial revolution like never before. It is a quest for a process-driven technological capability that can take an organisation to the next level altogether. Institutions across the world are leaving no stones unturned when it comes to their research […]
Implementing Robotic Process Automation (RPA) – Things to keep in mind.
Robotic Process Automation (RPA) has been a popular buzzword and will continue to be so in the coming years as well. RPA can be instrumental to bring down operational expenses, boost accuracy and enable faster operations. But, to expect that by only giving over the human tasks to bots will help businesses is an erroneous […]
Implementing blockchain in the finance domain
In today’s world of digitisation, the deployment of blockchain in varied finance-related functions, which include payments, can become extremely crucial for a department to grow. However, even though the benefits of blockchain are apparent to all, the companies have been usually slow when it comes to adopting blockchain. The reason can be that executing blockchain […]