How Business Intelligence is transforming Banking?

The banking industry has been expanding in its capabilities owing to the digitization and the pace at which it is being embraced in recent years. Moreover, it is becoming competitive like never before, thereby empowering the modern banking customers. For over a decade since the economic crisis hit the world, banks have been under constant…

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The Need for Customer Analytics in Banking Today!

Analytics is a technology that helps all industries, including banking and finance, to support data-driven decisions i.e. to use the power of factual data for effective decision making. They act as a catalyst to support business acumen, particularly in the world of banking, for the industry has the richest amount of customer data. Also, banks…

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Financial inclusion and BC Model in India – Progress So Far

Financial inclusion (FI) in India was introduced in the year 2005 by RBI, highlighting its importance and role in the Annual Policy Statement. The concept of this model was to reach out to the under-banked and unbanked population in India while serving them with the basic amenities in banking. Considering a major population that remains…

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NBFCs and their role in Economic Development

Non-banking financial companies (NBFC) are companies registered under the Companies Act, 1956. They are responsible for providing financial services but are not regulated by a national or international governing body and do not hold a full-fledged license for conducting operations. The financial services offered by NBFCs include disbursement of loans and advances, acquisition of stocks,…

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