While India keeps developing its financial systems with initiatives like Digital India and has remained stable financially, the concern of rising levels of non-performing assets (NPAs) still persists. RBI in a recent financial stability report (FSR) report highlighted that financial institutions struggle to maintain their asset quality. There has been a significant deterioration during Sep…
The banking industry has been experiencing major shifts when it comes to technology and financial analysts have been continually debating over the most promising upcoming trends in banking. Emerging technologies like Artificial Intelligence, IoT and others are redefining how banks provide services to their customers. Let us identify a few latest trends in the banking…
Core banking solutions have been around for several years and have become a “core” of operations for financial institutions in real terms. While the legacy systems dating back to the 1970s have helped form a foundation of traditional banking, the transformation of these systems today has become the need of hour. Updating to modern CBS…