Traditional lending platforms depended on human intervention and physical interactions at every stage, which increased processing time and the possibility of human error. However, digital lending platforms allow banks to automate their whole loan process,…
Banking competition is heating up. Neo-banks are gaining market share and serving customers for around one-third the cost of traditional banks. FinTechs are focusing on profitable value-chain segments. Big tech firms, with their vast client…
Financial service providers want to be digital, but they’re having trouble getting there, or even getting started. They are focusing heavily on conventional IT and surface-level components of digital strategy. Both are vital. However, we…
“I always tell the tale of having to go to a banking branch to open a bank account, which was one of the most painful experiences I’ve ever had,” says Colombia-born Nubank CEO and co-founder…
Only a few years ago, technology was a huge disruptor in the banking industry. While the pandemic has hastened the deployment of technology across businesses and sectors, our reliance on it has increased dramatically. Online…
The rising use of digital banking, the advent of new technologies, the blurring of industry ecosystems, and a greater emphasis on innovation are all producing challenges and possibilities in the banking business, and more so…
With individuals residing in multiple nations as expats and easing border control restrictions that allowed people to travel across the globe on a frequent basis, the need for borderless banking alternatives has grown significantly. Cross-border…
Banks often have a lot of depth in their product offerings, but they have struggled to acquire scale. A significant portion of this is due to high operational expenses, which is a critical concern. They…
The financial services business has been gradually disrupting over the last 20 years. Back then, all that mattered was physical presence. If you wished to expand a bank, you had to open new branches. When…
The banking business model of the past is clearly not the business model of the future. We are now living in the era of Customer’s choice. Technology has transformed almost all industries such as entertainment,…
Humans have always tried to better at things with a goal to be better today than yesterday and have an even better tomorrow. We are aware of the changes that bots are bringing in the…
Businesses are hit by Cyberattacks every day. Cybersecurity teams are flooded with alerts 24/7. Since the beginning of the pandemic last year, organizations experienced more than 25 percent increase in cyber threats as per Cisco’s…
