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…
The significance of Big Data has grown to an extent that overlooking it is no more affordable in the banking industry. The digital transformation in banking has become a way of life with modern customers demanding convenient ways of banking and the incompetency of legacy systems to meet up with these new expectations. However, with…
We keep reading news and updates every few days highlighting how banking is transforming with the help of cutting-edge technology. Moreover, the new tools, software etc. utilising the large banking data can prove to be beneficial for financial institutions. How? Let us study further… Data can be used for better decision making and for preventing…
It is no surprise that the economic crisis that hit the world in year 2008 was an outcome of poor Risk Management in the banking industry. The effect of this global crisis was seen in the form of downsizing in companies, increased unemployment and reduce in goods/services demands. The banks across the world were found…
Over the course of last two decades, banking sector has amassed huge amount of information about its customers. It would be apt to say that Indian banks are buried under a mountain of usable information but do not have the know-how presently for enhancing their business. Tools like Business Intelligence and Analytics can prove to…