In the present banking world of finance services, and insurance, data is considered to be the king. To evolve and stay competitive in this sector, organizations need to utilize Big Data Analytics and Business Intelligence platforms for data-driven decision-making. This blog shall focus on understanding how these tools are able to transform BFSI sector and […]
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Transform Banking Transform Core
Transform Banking. Transform Core. As the world enters the cloud generation, mainframe-based banking platforms are nearing an evolutionary dead end. Slowly but surely, the bank’s entire technology ecosystem – from the programming languages, the operating systems, the hardware, to the way their IT organizations operate – will all be in need of modernization. The situation […]
Continue Reading →The Rise of Open APIs as the Preferred Option for Banks and Third-Party Providers
The financial industry is evolving at a rapid pace, all thanks to technological advancements and increasing customer demands. If we were to discuss about one such innovation that has swept through the financial institutions and banking sectors, it would be the emergence of open banking and the development of APIs. Recent studies have revealed that […]
Continue Reading →AI and Machine Learning in Financial Services: Unlocking Opportunities and Managing Risks
In today’s digital era, The financial services industry is growing and transforming exponentially and this change is fueled by incorporating advanced technologies like Machine learning and AI in financial services. Across various sectors of financial services, about 75% of them incorporate the usage of at least one significant AI use case to accelerate their outcome. […]
Continue Reading →Exploring the Future of BFSI with Technology: Insights from the BFSI IT Summit in Singapore
Are you ready for an unforgettable experience at the BFSI IT Summit in Singapore? Get ready to hear from some of the brightest minds in the banking, financial services, and insurance industries on May 12th, 2023. The theme of this year’s summit is “Transitioning into the Future with Web 3.0, Cloud, and Cybersecurity.” As part […]
Continue Reading →Trends and challenges in the Singaporean banking sector
The Singaporean banking sector has long been a powerhouse in Southeast Asia, playing a pivotal role in the region’s financial landscape. Trends in this dynamic industry have evolved considerably in recent years, driven by factors such as technological advancements, changing customer expectations, and mounting regulatory pressures. Factors such as a sound economic and political environment, […]
Continue Reading →Technology as a Catalyst to Innovation in the BFSI Industry
Technology has modulated the way the Banking and Financial service industry operate. Over the years, the banking industry began to embrace technologies such as Artificial Intelligence, Machine learning, Mobile Banking, RPA and Blockchain with a view to leverage existing data and transforming customer experience. The role of innovation in bringing automation to the industry has […]
Continue Reading →Cyber Security in the Finance Sector: How Can We Achieve it?
Overtime, Cyber Security is becoming a prominent issue for organisations around the world. The cyber security sector is crucial, especially when it comes to financial firms as it saw the highest volume of cyber threats incidents over any industry including communication technologies, manufacturing, retail and professional services. In a high profile event, we demonstrate that […]
Continue Reading →How digital revolution is transforming banking & financial services in Asia
Over the last decade, Asia has witnessed a digital revolution in banking and financial services and is quickly adapting to this revolution. This has changed the way people bank and manage their finances, making it simpler and more secure. It is transforming how companies operate and compete in this industry. The digital revolution in Asia […]
Continue Reading →How Cloud Banking can enhance financial inclusion in Southeast Asia
The global financial sector is scaling at a rapid pace as it is undergoing a digital transformation, fueled by new technology, shifting customer behavior, and disruptive fintech competition. The Covid-19 pandemic and the subsequent desire for further digitization have boosted the need for better technology in the industry. However, in the Southeast Asian region, home […]
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